Trade Protection Measures Implemented by Sri Lanka During the Past Three Decades

Authors

  • Sumedha Ponnamperuma School of Management, GD Goenka University, India
  • Sonal Katyal School of Management, GD Goenka University, India
  • Sanjay Kumar Mangla Department of Economics, Maharaja Agrasen Institute of Management Studies, India

Keywords:

Trade policy, Tariff measures, Para-tariff, Sri Lanka

Abstract

This paper tries to identify the trade protection measures implemented by Sri Lanka from independence to date. Special emphasis is given to the period from 1995 to 2019, since the WTO was created on 1 January 1995 , and member countries started to operate according to binding rules and regulations implemented by the WTO since then. Sri Lanka has taken many actions to liberalize trade since 1977, and the same has accelerated since 1995 due to binding commitments undertaken by the country. According to the trade statistics, it has been noticed that Sri Lanka’s exports, imports, and trade gap have increased. The trade gap widened after 1995. It shows that trade protection measures have not had any impact on controlling overall imports into the country.

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Published

2022-05-02

How to Cite

Ponnamperuma, S., Katyal, S., & Kumar Mangla, S. (2022). Trade Protection Measures Implemented by Sri Lanka During the Past Three Decades. Thailand and The World Economy, 40(2), 52–72. Retrieved from https://so05.tci-thaijo.org/index.php/TER/article/view/258994

Issue

Vol. 40 No. 2 (2022): Thailand and The World Economy

Section

Research Article

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