Impact of Pakistan Sri Lanka Free Trade Agreement (Psfta) on Pakistan and Sri Lanka Economic Relations (a Case Study)

  • Samia Sami Baig Samia Sami Baig 401/7 Solhaira Apartment, Gulstan Johar Kararchi-Pakistan 75290.
  • Dr. Farooq Aziz Dr Farooq Aziz 75-A Block 18 Fedral B Area Kharachi-Pakistan 75950.
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.

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Published
2017-01-26
Section
Articles