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Business Articles
The European Union and Sri lanka, Co-Operation Strategy 2002 - 2006
Sri Lanka was one of the first Asian countries to sign a formal co-operation agreement with the EC in 1975. A third generation Co-operation Agreement on Partnership and Development was signed in 1952. The Commission opened a Delegation in Colombo in October 1995. The EU is Sri Lanka’s largest trading partner. 50 % of Sri Lanka’s exports to EU are made-up garments.
The emphasis in cooperation between the EC and Sri Lanka has shifted over the years from traditional development aid to economic cooperation. However, poverty, particularly in rural areas remains significant despite Sri Lanka’s social indicators which are generally impressive by South Asian standards, especially for education and health. The present government has indicated that it considers the private sector to be the engine for growth and that it will accordingly introduce a programme of further institutional and regulatory reform. More.... Submit Article Our Business Articles content reflects important Sri Lankan business information written by leading authorities and experts. We welcome submissions which will be peer reviewed before being accepted for publication. If you wish to propose or submit an article for inclusion here, please contact us. Copyright Notice Business Sri Lanka makes no claim in repect to copyright of articles reproduced here. All content belongs to the respective author unless otherwise indicated. |
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