EENI Global Business School

Business in Sri Lanka, Colombo, Foreign Trade

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Syllabus of the Subject

Sri Lankan Economy and International Trade. Agreement with India. Buddhism

  1. Introduction to the Democratic Socialist Republic of Sri Lanka (Asia)
  2. Business in Colombo
  3. Sri Lankan Economy
  4. International Trade of Sri Lanka
    1. Asia-Africa Corridor
    2. Trade Relations Sri Lanka-India
  5. Investment in Sri Lanka
  6. Case Study: Sri Lankan companies
    1. Brandix Lanka
    2. Sri Lanka Telecom
  7. Access to the Sri Lankan Market
  8. Business Plan for Sri Lanka

Sri Lanka Business

The objectives of the subject “International Trade and Business in the Democratic Socialist Republic of Sri Lanka” are the following:

  1. To analyze the Sri Lankan Economy and Global Trade
  2. To identify business opportunities in the Democratic Socialist Republic of Sri Lanka
  3. To explore the Sri Lankan trade relations with the student's country
  4. To know the Sri Lankan Trade Agreements
  5. To examine the profile of Sri Lankan Companies
  6. To develop a business plan for the Sri Lankan Market

Online Student Master in International Business

The Subject “Foreign Trade and Business in Sri Lanka” belongs to the following Online Programs taught by EENI Global Business School:

Masters: International Business, Foreign Trade.

Masters in International Business and Foreign Trade (MIB)

Doctorate: World Trade.

Doctorate in International Business (DIB) Online

Masters adapted to the Sri Lanka, Masters, International Business Trade Sri Lankan Students.

Languages: Masters, Doctorate, International Business, English (Study Master Doctorate in International Business in Spanish Sri Lanka Study Doctorate in International Business in French Sri Lanka).

  1. Credits of the subject “Doing Business in Sri Lanka”: 2 ECTS Credits
  2. Duration: two weeks

International Trade and Business in Sri Lanka.

Market Access - Free Trade Agreements

Trade Facilitation Programs. TFA Agreement

  1. WTO
    1. Agreement on Sanitary and Phytosanitary Measures
    2. GATS
    3. Agreement on Technical Barriers to Trade
    4. Agreement on Preshipment Inspection
    5. Agreement on Safeguards
    6. Trade Facilitation Agreement
  2. WCO
    1. Kyoto Convention
  3. BIC
  4. Chicago Convention (ICAO)
  5. International Maritime Organization
    1. Istanbul Convention - not a member
  6. Customs Convention on Containers - not a member

Asian Economic Institutions

  1. Asian Development Bank
  2. Boao Forum for Asia
  3. Asia Cooperation Dialogue
  4. ESCAP
  5. Colombo Plan
  6. Africa-Asia Strategic Partnership
  7. Asia-Middle East Dialogue

Globalization and International Organizations

  1. Commonwealth
  2. UN
  3. WB
  4. WTO
  5. IMF

The Democratic Socialist Republic of Sri Lanka (formerly Ceylon before 1972) is located in South Asia, about thirty-one kilometers from the Southern coast of India.

  1. Population of Sri Lanka: 21 million people
  2. Sri Lanka is in 102 position out of 182 countries in the Human Development Indicators, ahead of Argentina (105), Vietnam (116th), Indonesia (111), India (134), Pakistan (141), and Bangladesh (146)
  3. Sinhalese constitute 74% of the population
  4. The two official languages of Sri Lanka are Sinhala and Tamil
  5. Capital of Sri Lanka: Sri Jayawardenapura Kotte
  6. Sri Lankan main city: Colombo
  7. Sri Lankan Area: 65,610 km²
  8. Sri Lanka is a Parliamentary Republic
  9. Independence of Sri Lanka from the UK: 1948
  10. Sri Lankan currency: Sri Lanka Rupee
  11. Maritime borders of Sri Lanka: India and the Maldives

Religions in Sri Lanka:

  1. Sri Lanka is a multi-ethnic and multi-religious nation
  2. 70% of the Sri Lankans belongs to Theravada Buddhism
  3. Sri Lanka has been a Buddhist religion and culture centre from ancient times
  4. Hinduism: 15% of the population
  5. Catholic Christians (1.2 million)

Buddhism and Global Business

Sri Lanka belongs to the Buddhist Economic Area

Sri Lankan Economy

  1. The Democratic Socialist Republic of Sri Lanka has a strategic location in Southern Asia, in the centre of one of the principal marine routes between Europe and the Far East: The Indian Ocean
  2. Sri Lanka has a relatively modern industrial economy and one of the highest levels of per capita income in the South Asian region
  3. Sri Lanka has positioned as a regional logistics centre and International Trade hub
  4. The services sector of Sri Lanka generates 60% of the GDP
  5. The main sectors of the Sri Lankan economy are telecommunications, trade, logistics and transport, and financial services
  6. Sri Lanka Multimodal Transport Project
  7. Brandix is the leading import apparel producer in Sri Lanka
  8. Sri Lanka Telecom is one of most valuable blue chip companies in Sri Lanka

Sri Lanka, Foreign Trade

Foreign Trade (Importing, Exporting)

International Trade of Sri Lanka.

  1. Sri Lanka is known worldwide for tea, coffee, coconuts, and rubber exports
  2. The vision of the former President Rajapaksa (Mahinda Chintana) wishes to open the economy to the Globalization process, attracting the foreign direct investment and establishing Free Trade Agreements with the strategic partners
  3. Exports of Sri Lanka: 7 billion dollars
  4. Top Sri Lankan exports products are garments, tea, rubber products, coffee, jewelry and gems, refined petroleum, and coconuts
  5. Top Sri Lankan export markets are the U.S., the UK, and India
  6. Imports of Sri Lanka: 9.6 billion
  7. The largest suppliers of Sri Lanka are India, Singapore, Hong Kong, Iran, Malaysia, Japan, the UK, the Emirates, Belgium, Indonesia, South Korea, and the U.S.

India-Sri Lanka Free Trade Agreement (FTA)

Free trade zones in Sri Lanka are one of the pillars of economic development and foreign direct investment source (FDI).

  1. Malaysia is the largest investor (55 million dollars)
  2. Other notable investors in Sri Lanka are the UK, Singapore, and Hong Kong
  3. 50% of all the Indian investments in the South Asian Association for Regional Cooperation countries are invested in Sri Lanka

(c) EENI Global Business School (1995-2024)
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