Impact of Pakistan Sri Lanka Free Trade Agreement (Psfta) on Pakistan and Sri Lanka Economic Relations (a Case Study)
Keywords:
(International Trade), (Exports, High Trade Potential), (Imports, Free Trade Agreement).Abstract
This exploration endeavors to gauge Pakistan-Sri Lanka Free Trade Agreement utilizing the exchange potential and CAGR by optional information. Board information for the period 2003-2015 crosswise over two nations is utilized in the investigation. The point of study is to anticipate the exchange capability of both nations worldwide and in addition inside particular SAARC district. The outcomes uncover that Sri Lanka's current exchange potential with Pakistan is high. In this manner, Sri Lanka ought to investigate ways and intends to encourage enhance its exchange relations with Pakistan furthermore focus more on new items to expand its piece of the overall industry quite far. In any case, the volume of exchange of Sri Lanka with Pakistan is lower than that of India, in spite of the current noteworthy possibilities. The fundamental impediments to this end are the political, ethnic and social pressures with India, which is the key player of SAARC. Also, Sri Lanka and Pakistan confront a few noteworthy difficulties, for example, decreasing peripheral comes back to monetary reconciliation, significance of non-duty hindrances to exchange, homogeneous items and absence of administration in Pakistan. It is called attention to that Sri Lankan business people and exporters need to expand from conventional fare markets to mechanical markets in Pakistan. Notwithstanding that, post-PSFTA situation clarified that Sri Lanka's exchange reliance proportions have expanded contrasted and pre-PSFTA situation. This is confirm from persistently expanded post-PSFTA exchange shortage. Thus, Sri Lanka ought to urge financial specialists from Pakistan to put resources into Sri Lanka.
The studies would yield the expansion of learning about the key terms. The distinct strategy would be utilized. Information would be gathered through appraisal papers. Information would be examinations by the assistance of tables. Solid proposal would be made on the essential of finding.
References
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[35]. Rahman, M.M , “A Panel Data Analysis of Bangladesh’s Trade: The Gravity Model Approach”, 2003
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[40]. Saman Kelegama and Chandana Karunaratne. “ Experiences of Sri Lanka in the Sri Lanka – India FTA and the Sri Lanka – Pakistan FTA”, Institute of Policy Studies ,2013
[41]. Sweta Chaman Saxena., “CAN SOUTH ASIA ADOPT A COMMON CURRENCY?” ,2005
[42]. Samina Shabir and Reema Kazmi , “Economic Effects of the Recently Signed Pak-China Free Trade Agreement” , The Lahore Journal of Economics ,Special Edition,2007
[43]. Selim Raihan , “Rules of Origin and Sensitive List under SAFTA and Bilateral FTAs among South Asian Countries: Quantitative Assessments of Potential Implications for Nepal” ,Paper Prepared for the Nepal Residence Mission of Asian Development Bank, MPRA Paper No. 37893, 2008
[44]. Sultan, Maryam and Munir, Kashif , Export, Import and Total Trade Potential of Pakistan: A Gravity Model Approach. Gravity Model PDF ,MPRA_paper_66621.pdf.,2015
[45]. Suthiphand Chirathivat and Piti Srisangnam , “The 2030 Architecture of Association of Southeast Asian Nations Free Trade Agreements” , April ADBI Working Paper Series, No. 419 Provided in Cooperation with: Asian Development Bank Institute (ADBI), Tokyo Asian Development Bank Institute. ,2013
[46]. Shakeel Ahmad Ramay and Muhammad Hamza Abbas , “SOUTH ASIAN FREE TRADE AGREEMENT (SAFTA) AND IMPLICATIONS FOR PAKISTAN” ,Working Paper # 138, 2013.
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[49]. Shahid Kardar. “South Asia—Intraregional Cooperation: The Way Forward” Rcs south Asia oth-2 ,2011
[50]. Syeda Bano, “ AseanNewZealandTradeRelations And Trade Potential Evidence And Analysis” , EI 2013 March;28(1) :144-182 ,Published online DOI: http://dx.doi.org/10.11130/jei.2013.28.1.144 ,2013
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[52]. Suresh Moktan and Miriyagalla , “Assessing the economic effects and welfare implications of SAFTA and SAFTA+5: the South Asian experience”, Japan, GSID, Nagoya University,2008
[53]. Uzair.J.Kayani and Sikandar A.Shah. , “Non Traiff Barriers and Pakistan’s regional trade” ,2014
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[55]. Usman Khan, J. Kayani. “Pakistan: South Asia Trade & Non-Tariff Barriers”Uz DPRC WORKING PAPER ,2010
[56]. Zareen Fatima Naqvi and Philip Schuler,.”The Challenges and Potential of Pakistan–India Trade” , 40273, The World Bank,2007
[57]. An Assessment of Pakistan-Sri Lanka Free Trade Agreement,April 2015,The Pakistan Business Council
[2]. Ajantha Geeganage. “Sri Lanka’s Role in the World Trade Organization”, International Journal of Business and Social Science Vol. 4 No. 1 ,2013
[3]. Ahmed, Saira, Vaqar Ahmed, Irfan Sarfaz, and Safdar A. Sohail, “Trade Agreements between Developing Countries: A Case Study of Pakistan – Sri Lanka FTA”, IMT Institute for Advanced Studies, 2010
[4]. Ananda Jayawickrama and Shandre M. Thangavelu. “ASEAN+1 FTAs and Global Value Chains in East Asia”: The Case of the Textiles and Clothing Industry in Sri Lanka,2011
[5]. Alauddin Masood, “Pakistan-Sri Lanka to boost trade relations”,2010
[6]. Aradhna Aggarwal “Regional Economic Integration and FDI in South Asia :Prospects and Problems” , Working Paper 218, INDIAN COUNCIL FOR RESEARCH ON INTERNATIONAL ECONOMIC RELATIONS, 2008
[7]. ANUM AKMAL and QASIM SALEEM , “EXPORT GROWTH OF TEXTILES AND ECONOMIC DEVELOPMENT IN PAKISTAN AND INDIA; A COMPARATIVE STUDY” , International Journal of Management Sciences and Business Research, 2012, Vol. 1, Issue 8. (ISSN: 2226-8235) ,2012
[8]. Anjali Sharma, “Redefining Sri Lanka - Pakistan Ties an Indian Perspective”, 2011
[9]. Analyst. India–Sri Lanka FTA (IL-FTA) and Comprehensive Economic Partnership Agreement (CEPA). Sri Lanka Exporter 62:13–19,2008
[10]. Business Recorder , “Pakistan-Sri Lanka trade and economic relations” ,2012
[11]. Dr. Anwar Chishti,Dr. Muhammad Zulfiqar and Dr. Zareen Naqvi. “The Impact of trade Policies on Pakistan's Preferential Access to the European Union” ,Reference no: TRADE08/C3/C18.2008
[12]. Deshal de Mel , “India-Sri Lanka, Pakistan-Sri Lanka Bilateral Free Trade Agreement”, Institute of Policy Studies of Sri Lanka” (IPS), 2008
[13]. Dushni Weerakoon , “Bilateral FTAs in South Asia: Recasting the Regionalism Debate”, The Lahore Journal of Economics 14: SE pp. 155-170 ,2009
[14]. “External Sector Developments And Policies” CENTRAL BANK OF SRI LANKA | ANNUAL REPORT 2014
[15]. Ejaz Ghani,.”PAKISTAN’S TRADE POTENTIAL AND THE REGIONAL ECONOMIC PARTNERSHIP” ,2012
[16]. Garry Pursell, Ashraf Khan and SaadGulzar, “Pakistan’s trade policies: future directions” IGC INTERNATIONAL GROWTH CENTRE , 2011
[17]. Garry Pursell and F.M. Ziaul Ahsan , “Sri Lanka’s Trade Policies: Back to Protectionism” , ASARC Working Paper 2011/03, 2011
[18]. Hamid Mahmood1& Sidra Gul model , “EVALUATION OF TRADE AGREEMENT IN SOUTH ASIA: A CASE STUDY OF PAKISTAN- MALAYSIA FREE TRADE AGREEMENT (FTA)”,2012
[19]. Indra Nath Mukherji , “AGRICULTURAL TRADE LIBERALIZATION FOR FOOD SECURITY IN SOUTH ASIA” , DEVELOPMENT PAPERS 1404, South and South-West Asia OFFICE ,2014
[20]. INDRA NATH , “South Asian Free Trade Area and Indo-Pakistan Trade” , The Pakistan Development Review ,43 : 4 Part II pp. 943–958, 2004
[21]. John Wong and Sarah Chan , “China-Asean Free Trade Agreement: Shaping Future Economic Relations” , Source: Asian Survey, Vol. 43, No. 3 pp. 507-526 Published by: University of California Press Stable URL: http://www.jstor.org/stable/3557850 Accessed: 21/02/2009 00:37,2003
[22]. Jayatilleke S Bandara and Wusheng Yu , “Sri Lanka s Free Trade Agreements with its South Asian Neighbours: Economic Versus Strategic/Political Considerations” , Paper submitted to the Twelfth Annual Conference on Global Economic Analysis, Santiago,Chile, 2009
[23]. Jeevika Weerahewa , “Impact of Trade Facilitation Measures and Regional Trade Agreements on Food and Agricultural Trade in South Asia” ,Asia-Pacific Research and Training Network on Trade Working Paper Series, No 69,2009
[24]. Konstantinos Kepaptsoglou, Matthew G. Karlaftis and Dimitrios Tsamboulas, “The Gravity Model Specification for Modeling International Trade Flows and Free Trade Agreement Effects: A 10-Year Review of Empirical Studies” , The Open Economics Journal, ISSN 1874-9194, Bentham Open, Sharjah,Vol.3, pp. 11,2010.
[25]. Katsushi S. Imai, Raghav Gaiha, Abdilahi Ali and Nidhi Kaicker, “Remittances, growth and poverty.New evidence from Asian countries” , The fifteenth in a series of discussion papers produced by the Asia and the Pacific Division, IFAD, 2012
[26]. LIN SUN AND MICHAEL R. REED, “IMPACTS OF FREE TRADE AGREEMENTS ON AGRICULTURAL TRADE CREATION AND TRADE DIVERSION” , This is journal paper # 09-04-117 of the Kentucky Agricultural Experiment Station,2010
[27]. Masood, A., PAK-SRI LANKA FREE TRADE AGREEMENT: A step forward in the right direction. The News, Pakistan ,2009
[28]. Mustafa Moinuddin, “Fulfilling the Promises of South Asian Integration: A Gravity Estimation” , ADBI Working Paper Series,2013
[29]. MUSLEH-UD DIN , “Exports, Imports, and Economic Growth in South Asia: Evidence Using a Multivariate Time-series Framework” , The Pakistan Development Review, pp. 105–124,2004
[30]. Mukherji, Indra Nath and Kavita Iyengar , “Deepening economic cooperation between India and Sri Lanka” , Asian Development Bank,. ISBN 978-92-9254-169-9, 2013
[31]. Manzoor Ahmad, “Improving Regional Trade to Support Pakistan’s Economic Growth“ The Lahore Journal of Economics 19 : SE (September 2014): pp. 461–469 ,2014
[32]. Nasir Iqbal, Ejaz Ghani, Musleh ud Din , “Pakistan’s Imports Dependency and Regional Integration” , The Lahore Journal of Economics 19 : SE (September 2014): pp. 395–409,2014
[33]. Nazia Gul and Hafiz M. Yasin , “The Trade Potential of Pakistan: An Application of the Gravity Model”, „The Lahore Journal of Economics?, Volume: 16, 1, (Summer 2011).
[34]. Qamar, A. “Trade between India and Pakistan: Potential Items and the MFN Status”. SBP-Research Bulletin 1:1, 45–57,2005
[35]. Rahman, M.M , “A Panel Data Analysis of Bangladesh’s Trade: The Gravity Model Approach”, 2003
[36]. Richard Pomfret, “IS REGIONALISM AN INCREASING FEATUREOF THE WORLD ECONOMY?” , IIIS Discussion Paper No. 164,2006
[37]. No.164/June 2006
[38]. Tsunehiro Otsuki, Keiichiro Honda and John S. Wilson , “POLICY REVIEW Trade facilitation in South Asia” , ISBN 978-92-9072-346-2.,2012
[39]. Sachin Chaturvedi “Trade Facilitation Measures in South Asian FTAs ,
An Overview of Initiatives and Policy Approaches”, Asia-Pacific Research and Training Network on Trade Working Paper Series, No. 28, 2007
[40]. Saman Kelegama and Chandana Karunaratne. “ Experiences of Sri Lanka in the Sri Lanka – India FTA and the Sri Lanka – Pakistan FTA”, Institute of Policy Studies ,2013
[41]. Sweta Chaman Saxena., “CAN SOUTH ASIA ADOPT A COMMON CURRENCY?” ,2005
[42]. Samina Shabir and Reema Kazmi , “Economic Effects of the Recently Signed Pak-China Free Trade Agreement” , The Lahore Journal of Economics ,Special Edition,2007
[43]. Selim Raihan , “Rules of Origin and Sensitive List under SAFTA and Bilateral FTAs among South Asian Countries: Quantitative Assessments of Potential Implications for Nepal” ,Paper Prepared for the Nepal Residence Mission of Asian Development Bank, MPRA Paper No. 37893, 2008
[44]. Sultan, Maryam and Munir, Kashif , Export, Import and Total Trade Potential of Pakistan: A Gravity Model Approach. Gravity Model PDF ,MPRA_paper_66621.pdf.,2015
[45]. Suthiphand Chirathivat and Piti Srisangnam , “The 2030 Architecture of Association of Southeast Asian Nations Free Trade Agreements” , April ADBI Working Paper Series, No. 419 Provided in Cooperation with: Asian Development Bank Institute (ADBI), Tokyo Asian Development Bank Institute. ,2013
[46]. Shakeel Ahmad Ramay and Muhammad Hamza Abbas , “SOUTH ASIAN FREE TRADE AGREEMENT (SAFTA) AND IMPLICATIONS FOR PAKISTAN” ,Working Paper # 138, 2013.
[47]. Swapan K. Bhattacharya and Biswa N. Bhattacharya., “Free Trade Agreement between People’s Republic of China and India: Likely Impact and Its Implications to AsianEconomic Community” , ADB Institute Discussion Paper No. 59 ,2006
[48]. Sirimal Abeyratne, “Sri Lanka’s Free Trade Agreements with India and Pakistan: Are They Leading Bilateral Trade Beyond Normalcy?”, The Lahore Journal of Economics 17 : SE (September 2012): pp. 315–337,2012
[49]. Shahid Kardar. “South Asia—Intraregional Cooperation: The Way Forward” Rcs south Asia oth-2 ,2011
[50]. Syeda Bano, “ AseanNewZealandTradeRelations And Trade Potential Evidence And Analysis” , EI 2013 March;28(1) :144-182 ,Published online DOI: http://dx.doi.org/10.11130/jei.2013.28.1.144 ,2013
[51]. Saman Kelegama.“The India–Sri Lanka Free Trade Agreement and the Proposed Comprehensive Economic Partnership Agreement: A Closer Look” ADBI Working Paper 458. Tokyo: Asian Development Bank Institute,2014
[52]. Suresh Moktan and Miriyagalla , “Assessing the economic effects and welfare implications of SAFTA and SAFTA+5: the South Asian experience”, Japan, GSID, Nagoya University,2008
[53]. Uzair.J.Kayani and Sikandar A.Shah. , “Non Traiff Barriers and Pakistan’s regional trade” ,2014
[54]. URATA Shujiro and OKABE Misa, “The Impacts of Free Trade Agreements on Trade Flows: An Application of the Gravity Model Approach” , RIETI Discussion Paper Series 07-E -052 Revised, The Research Institute of Economy, Trade and Industries.2007
[55]. Usman Khan, J. Kayani. “Pakistan: South Asia Trade & Non-Tariff Barriers”Uz DPRC WORKING PAPER ,2010
[56]. Zareen Fatima Naqvi and Philip Schuler,.”The Challenges and Potential of Pakistan–India Trade” , 40273, The World Bank,2007
[57]. An Assessment of Pakistan-Sri Lanka Free Trade Agreement,April 2015,The Pakistan Business Council
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Published
2017-01-26
How to Cite
Baig, S. S., & Aziz, D. F. (2017). Impact of Pakistan Sri Lanka Free Trade Agreement (Psfta) on Pakistan and Sri Lanka Economic Relations (a Case Study). American Scientific Research Journal for Engineering, Technology, and Sciences, 27(1), 318–363. Retrieved from https://www.asrjetsjournal.org/index.php/American_Scientific_Journal/article/view/2443
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