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dc.contributor.authorAbeysinghe, Subhashini
dc.contributor.authorArangala, Mathisha
dc.date.accessioned2024-05-17T15:41:06Z
dc.date.available2024-05-17T15:41:06Z
dc.date.issued2023-06-22
dc.identifier.citationAbeysinghe, S. and Arangala, M. (2023) Why SL claim it has less capacity Than least developed countries for trade facilitation? Concerning notification made to the WTO. Colombo: Daily Mirror, 22 June 2023. https://www.dailymirror.lk/opinion/Why-SL-claim-it-has-less-capacity-Than-least-developed-countries-for-trade-facilitation-Concerning-notification-made-to-the-WTO/172-261553en_US
dc.identifier.urihttps://archive.veriteresearch.org/handle/456/6707
dc.description3p. This article was published as an opinion column by the Daily Mirror in print and is available online at https://www.dailymirror.lk/opinion/Why-SL-claim-it-has-less-capacity-Than-least-developed-countries-for-trade-facilitation-Concerning-notification-made-to-the-WTO/172-261553en_US
dc.description.abstractHigher costs and time resulting from opaque, complex, time consuming, manual export and and import procedures discourage businesses from engaging in international trade and undermine their international competitiveness. Such costs and time can be significantly reduced by simplifying, streamlining, and automating import and export procedures and making them more transparent. Doing so is referred to in trade jargon as trade facilitation. Research on the commitments and progress made in trade facilitation by Sri Lanka, a lower middle-income country, reveals that it is not only falling behind other middle-income countries but is also falling behind the least developed countries (LDCs). Over the last six years, Sri Lanka has made less progress than LDCs in making the country’s import and export procedures more efficient, more transparent, and less costly. What is alarming is that Sri Lanka, despite being a lower middle-income country, has claimed that it has lesser capacity than the LDCs to do the needful. This does not bode well for a country that is in dire need of foreign exchange. It is vital to take steps without delay to reverse this trend.en_US
dc.language.isoenen_US
dc.publisherColombo: Daily Mirroren_US
dc.subjectWTOTFA - World trade organisation trade facilitation agreementen_US
dc.subjectTrade - Exportsen_US
dc.subjectSME - Small and medium enterpriseen_US
dc.subjectWorld trade organisation trade facilitation agreementen_US
dc.subjectTrade facilitationen_US
dc.titleWhy Does Sri Lanka Claim it Has Less Capacity Than Least Developed Countries for Trade Facilitation?en_US
dc.typeArticleen_US


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