Sri Lanka among top 20 rising stars of world trade 

Sri Lanka is ranked 14th in the Trade20 index compiled by Standard Chartered, which reveals the 20 markets with the highest potential for future trade growth.

Based on market changes over the last decade, the study examines 66 global markets with respect to 12 metrics that were classified under three broad pillars: economic dynamism, trade readiness and export diversity.

Cote d’Ivoire, India and Kenya top the list, indicating the highest trade potential in the world.

“Markets that are demonstrating the most impressive pace of progress may represent interesting opportunities for corporates seeking new investment, import and supply chain partners,” says José Viñals, Group Chairman of Standard Chartered.

Other insights of this research include the fact that African economies have displayed substantial progress from a relatively low starting point, Asian trade growth potential has accelerated to a vast degree, Middle Eastern markets are diversifying and moving away from their over-reliance on oil, and Latin American economies have not fared as well as other regions.