Business Intelligence

Utilization Of Trade Agreements In Sri Lanka: Perceptions Of Exporters Vs. Statistical Measurements

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Executive Summary

Sri Lanka's economy which followed an inward-looking policy regime in the 1960s and the 1970's witnessed a marked shift towards the liberalization of the economy since 1977. This was followed by structural transformations, with the economy changing its course from being primarily an agricultural economy to one driven by the services and industrial sectors. Furthermore, with the liberalization of the economy, Sri Lanka became increasingly dependent on trade, with the trade to GDP ratio being 41 per cent as of 2008.

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