Economic summit to assess Lanka's export potential
The 14th annual Sri Lanka Economic Summit to be held from July 9-11
in Colombo will discuss Sri Lanka’s export strategy in one of its
sessions.
Dr. Premachandra
Athukorala. |
The Government policy framework has targeted to raise the rate of
growth in exports to double that of GDP growth, but exports as a
percentage of GDP in 2012 was half of what it was in 2000. The share of
exports of Sri Lanka as a percentage of world exports has also declined
over the years to reach 0.06% by 2011.
The basket of merchandise exports from Sri Lanka and our export
markets have remained unchanged over the past few decades.
The foregoing situation and change in the global economic scenario,
with Asia gaining ground over the West, require us to rethink our export
strategy given the importance of exports to a small economy targeting to
achieve sustained high economic growth in the future.
Leading economists and key exporters have been invited to discuss and
identify changes required to current strategy to rejuvenate the exports
sector in Sri Lanka.
The keynote speaker at this session will be Professor of Economics at
the Australian National University and Honorary Professorial Research
Fellow at the University of Manchester, UK, Dr. Premachandra Athukorala.
His research interests lie primarily in the fields of development
macroeconomics, international trade and development, multinational
enterprises and foreign direct investment and international labour
migration.
At various times he has served as a consultant to the World Bank,
ADB, ILO, UNDP, UNIDO, ESCAP and the Australian Agency for International
Development.
These assignments have resulted in work in Bangladesh, Cambodia,
Ethiopia, Georgia, India, Indonesia, Jordan, Laos, Malaysia, Nepal,
Pakistan, Sri Lanka, Thailand and Vietnam.
Dr. Athukorala will be discussing export development strategies
pursued by developing countries that have been successful and compare it
with those being pursued by Sri Lanka and highlight the strengths and
weaknesses in Sri Lanka’s policy framework and provide recommendations
to move forward.
Executive Director of Policy Studies, Dr. Saman Kelegama will make a
presentation on ‘Trade agreements as a tool to access Markets’ followed
by a panel discussion consisting of Secretary General, Tea Exporters
Association, Niraj de Mel, CEO-hSenid Software International, Dinesh
Saparamadu, Secretary General, Joint Apparel Association Forum, Tuli
Cooray, Senior Economist and Strategic Business Development, Hayleys,
Deshal de Mel.
The session will be chaired by Past Chairman of the Ceylon Chamber of
Commerce, Dr. Anura Ekanayake.
The Sri Lanka Economic Summit 2013 is the ultimate platform to gain a
comprehensive understanding of the county’s economy, the investment
climate and diverse opportunities available for investors and
businessmen.
A large number of participants are expected from the private and
public sectors, local and overseas.
|