By Imesh RanasingheThe Covid-19 pandemic has revealed the real weaknesses Sri Lanka had in terms of its economy for the past four decades. He said more than the aggregates of imports and exports, the encouragement to productivity from having open trade or non-restricted trade is more important. Countries with GSP+ status are Cape Verde, Armenia, Kyrgyzstan, Mongolia, Pakistan, the Philippines, Sri Lanka, Bolivia, and Paraguay. Hence, according to him, by maintaining this focus, Sri Lanka can try to keep up with its competitors. Also, because of the draconian protectionist policy, Sri Lanka had missed this type of opportunity.

Source: The Nation September 04, 2021 18:45 UTC