SRI LANKA

 

IndiaMap.gif (40826 bytes)

 

India and Sri Lanka enjoy strong and vibrant economic and commercial relations and been both historically and culturally, considerably very close for several countries. Evidences suggest the relationship to be as old as 2500 years. India is Sri Lankan’s largest trading partner globally, while Sri Lanka is India’s second largest trading partner in the SAARC. Trade between Sri Lanka and India has grown rapidly after the entry into force of the Indo-Sri Lanka Free Trade Agreement in March 2000.

India and Sri Lanka also share the membership in other regional and multilateral trading arrangements – Asia Pacific Trade Agreement (APTA), South Asia Free Trade Agreement (SAFTA) in the SAARC context, BIMSTECT (Bay of Bengal Initiative for Multicultural Technical and Economic Cooperation), Global System of Trade Preferences (GSTP) and the World Trade Organization (WTO), which were influential in strengthening and further advancing trade and economic ties
.

 

 

At a Glance:

 

 

Country Name 

 

 

Democratic Socialist Republic of Sri Lanka

 

 

Area

 

 

65,610 sq.km

 

 

Capital

 

 

Colombo

 

 

Government type  

      

 

Republic

 

 

Administrative divisions   

        

 

9 provinces; Central, Eastern, North Central, Northern, North Western, Sabaragamuwa, Southern, Uva, Western

 

 

National Holidays    

    

 

Independence Day, 4 February

 

 

Fiscal year      

 

 

Calendar Year 

 

 

Currency

 

 

Sri Lankan Rupee (LKR)

 

 

President

 

 

Maithripala SIRISENA (since 9 January 2015)  

 

 

Population

       

 

22,053,488 (July 2015 est.)

 

 

Net migration rate       

 

 

-1.35 migrant(s)/1,000 populations (2015 est.)

 

 

GDP (purchasing power parity)

 

 

$217.4 billion (2014 est.)

 

 

GDP- composition by sector

 

 

Agriculture: 10.2%

Industry: 33.1%

Services: 56.7% (2014 est.)

 

 

Agriculture-Products

 

 

Rice, sugarcane, grains, pulses, oilseed, spices, vegetables, fruit, tea, rubber, coconuts; milk, eggs, hides, beef; fish

 

 

Industries    

    

 

Processing of rubber, tea, coconuts, tobacco and other agricultural commodities;   telecommunications, insurance, banking; tourism, shipping; clothing, textiles; cement, petroleum refining, information technology services, construction.   

 

 

Major Exports

 

 

Textiles and apparel, tea and spices; rubber manufactures; precious stones; coconut products, fish.

 

 

Major Exports- Partners   

       

 

US 21.8%, UK 8.3%, India 4.5%, Germany 4.2% (2013)

 

 

Major Imports  

 

 

Petroleum, textiles, machinery and transportation equipment, building materials, mineral products, foodstuffs.

 

 

Major Importers- ­­Partners

 

 

India 21.5%, China 17.6%, Singapore 10.1%, UAE 6.1%, Iran 4.9% (2013)

 

 

 

Natural resources  

     

 

Limestone, graphite, mineral sands, gems, phosphates, clay,

Hydropower.

 

 

Languages 

     

 

Sinhala (official and national language) 74%, Tamil (national language) 18%, other 8%

note: English, spoken competently by about  10% of the population is commonly used in government and is referred to as the link language in the constitution.

 

 

Location

 

 

Southern Asia, island in the Indian Ocean, south of India