I called one of my friends – Sanjeewa Rathnasekera at the Export Development Board (EDB) and, asked him to confirm if there have been records of exporting human hair. The good old-daysThe flip side of the point is that the imported input content reduces the local input content: The higher the imported input content, the lower the local input content and, vice versa. Depending on the size of the imported input content, the domestic content becomes smaller. East Asia and South AsiaThe economic progress of East Asian countries owes much to their integration into global value chains. Particularly, the successful integration into global value chains require a fairly open import trade; even tiny changes in import taxes can wipe out the entire range of possibilities of the country to integrate into global value chains.

Source: Sunday Times March 16, 2019 18:22 UTC