Sri Lanka

In recent years, a series of proposed mineral extraction projects along this fragile stretch, particularly near Alampil Beach in Mullaitivu district, has triggered alarm among environmentalists, local residents, and civil society.

Government sources, however, said trade and export expansion – including talks on the stalled Free Trade Agreement between Sri Lanka and China – is likely to be high on the agenda.

The report stresses that as the world stares down the possibility of a widespread recession, the urgency for cohesive, multilateral solutions has never been greater.

Sri Lanka’s involvement in the regional initiative comes amid growing environmental concern about the country's increasing plastic waste. Like many nations in Asia, Sri Lanka has seen a surge in single-use plastics and limited infrastructure to manage them.

According to the US Trade Representative’s findings, Sri Lanka’s high tariff rates – among the world’s highest by certain metrics – along with unpredictable customs procedures and non-transparent policy shifts, have contributed to strained trade relations.

India played a key role as a co-chair in Sri Lanka’s overall debt restructuring discussions, making it a critical diplomatic player in the island nation’s path to financial recovery.

While the previous government’s reforms aimed at increasing transparency, efficiency, and private sector involvement, the Dissanayake administration appears to be prioritising a different approach, potentially curbing or modifying privatisation efforts.

Sri Lanka’s history of economic instability, marked by multiple currency collapses and inflation crises, has been exacerbated by excessive monetary stimulus and fiscal mismanagement.