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Published in:

Volume 8 Issue 2
February-2021
eISSN: 2349-5162

Unique Identifier

JETIR2102038

Page Number

351-360

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Title

Indo-Sri Lanka Free Trade Agreement: An Analysis of India’s Merchandise Trade Performance

ISSN

2349-5162

Cite This Article

"Indo-Sri Lanka Free Trade Agreement: An Analysis of India’s Merchandise Trade Performance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 2, page no.351-360, February-2021, Available :http://www.jetir.org/papers/JETIR2102038.pdf

Abstract

Sri Lanka has been India’s biggest trade partner in the South Asia region. Both the nations have a history of robust trade relationship which has been further cemented by signing of Indo Sri Lanka Free Trade Agreement. The ISFTA provides duty-free access and duty preferences to goods, barring those which are on the Negative List. Bilateral trade between India and Sri Lanka has increased by around 9 times ever since the agreement came into effect in the year 2001. Total trade between the two countries was US$ 6.2 billion in 2018-19, out of which India’s exports to Sri Lanka were US$ 4.7billion and imports were US$ 1.5 billion. This paper is an attempt at quantitative analysis of the impact of FTA on India’s trade with Sri Lanka both in terms of volume & commodity composition. For this purpose the analysis has been divided into two distinct time periods i.e Pre-FTA and Post- FTA period. Subsequently a comparison of performance during both the periods is undertaken before arriving at a conclusion as to the performance of the agreement.

Key Words

Bilateral Trade, ISLFA, HS Classification

Cite This Article

"Indo-Sri Lanka Free Trade Agreement: An Analysis of India’s Merchandise Trade Performance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 2, page no. pp351-360, February-2021, Available at : http://www.jetir.org/papers/JETIR2102038.pdf

Publication Details

Published Paper ID: JETIR2102038
Registration ID: 305559
Published In: Volume 8 | Issue 2 | Year February-2021
DOI (Digital Object Identifier):
Page No: 351-360
ISSN Number: 2349-5162

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Cite This Article

"Indo-Sri Lanka Free Trade Agreement: An Analysis of India’s Merchandise Trade Performance", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 2, page no. pp351-360, February-2021, Available at : http://www.jetir.org/papers/JETIR2102038.pdf




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