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India-Sri Lanka Bilateral Free Trade Agreement : Six Years Performance and Beyond

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  • Saman Kelegama

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  • Indra Nath Mukherji
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    Abstract

    India-Sri Lanka Bilateral Free Trade Agreement signed in1998 was a pioneering attempt in the direction of trade liberalization in South Asian region. This paper examines the performance of the Agreement in the first six years of its coming into being and draws lessons from its success that could be relevant in the context of SAFTA and other such initiatives. Section 1 of the paper gives an overview of the history of Indo-Lanka trade links and the birth of the Indo-SriLanka Bilateral Trade Agreement. It also talks about the conceptualization of the ILBFTA. Section 2 highlights the positive outcomes of the ILBFTA. Section 3 highlights the negative outcomes and problematic areas that have caught the attention of the trade negotiators. Section 4 describes the steps taken and progress made in moving the FTA towards a Comprehensive Economic Partnership Agreement (CEPA). Section 5 discusses about lessons from six years of success.

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    Bibliographic Info

    Paper provided by East Asian Bureau of Economic Research in its series Trade Working Papers with number 22104.

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    Date of creation: Jan 2007
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    Handle: RePEc:eab:tradew:22104

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    Related research

    Keywords: Free Trade Agreement; ILBFTA; Comprehensive Economic Partnership Agreement;

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    Cited by:
    1. Nagesh Kumar, 2007. "Investment Provisions in Regional Trading Arrangements in Asia : Relevance, Emerging Trends, and Policy Implications," Trade Working Papers 22109, East Asian Bureau of Economic Research.
    2. Ahmed, Saira & Ahmed, Vaqar & Sohail, Safdar, 2010. "Trade agreements between developing countries: a case study of Pakistan - Sri Lanka free trade agreement," MPRA Paper 29209, University Library of Munich, Germany.
    3. Jayatilleke S. Bandara & Wusheng Yu, 2012. "Non-economic gains of Sri Lanka's FTAs with neighbours," International Journal of Social Economics, Emerald Group Publishing, vol. 39(10), pages 750-763, August.
    4. Biswajit Nag, 2011. "Comprehensive Economic Partnership Agreement between India and Sri Lanka: Where does it lead?," Working Papers 1004, Indian Institute of Foreign Trade.

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