Saturday, 05 August 2023 09:23

Sri Lanka ranked 104th among LDC in trade facilitation Featured

Sri Lanka ranks 104th out of 125 developing and least developed countries (LDCs) in its implementation of trade facilitation measures over the last six years, a new study by Verité Research has found.

Alarmingly, 21 out of 35 LDCs have a higher rate of implementation than Sri Lanka, which has progressed only marginally from a rate of 29% in 2017 to 31.5% in June 2023.

Sri Lanka has also claimed to have less capacity than LDCs to implement trade facilitation measures. For example, the country has stated that it cannot implement over 69.3% of the trade facilitation measures without external assistance.

Of the 125 LDCs and developing countries party to the World Trade Organisation’s Trade Facilitation Agreement (WTO TFA), only 10 countries (including Sri Lanka) have requested external assistance to implement over 69% of trade facilitation measures.

Latest News

There are 35832 listings and 1274 categories in our website