INTERNATIONAL TRADE AND LOGISTICS 2011
Unit Title : International Trade Policy & Practice Unit number : MTL 504
Assignment number : 2
Submission date : 16th October 2011
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I certify that the attached assignment is my own work. Material drawn from other sources has been acknowledged according to unit-specific requirements for referencing.
…………. ………16th October 2011 ….
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Introduction:
This report critically examines impediments in 5 key areas taken into consideration in assessing the logistics performance of Sri Lanka and methods of overcoming the same as mentioned in the recent survey in determining the Logistics Performance Index (LPI) of various countries worldwide.
Executive Summary
The LPI is a comprehensive index created to help countries identify the challenges and opportunities they face in trade logistics performance. The World Bank conducts the LPI survey every two years. The key document for this is the the second edition of Connecting to Compete:Trade Logistics in the Global Economy,which was first published in November 2007.
The Logistics Performance Index was based on a survey of operators on the ground worldwide - global freight forwarders and express carriers - who provided feedback on the logistics “friendliness” of the countries in which they operate and those with which they trade.
Sri Lanka’s Logistics Performance Index is 2.29 and ranked 137. In spite of prevailed security condition in the first decade of this millennium Sri Lanka was able to lay a good foundation for implementing trade facilitation measure over the years.
Typology of Sri Lanka according to Impediments to Logistics Performance
Table
Trade Related Infrastructure
The Pathfinder Foundation says that Sri Lanka’s LPI ranking also reflects logistics-related problems with road and rail infrastructure, including congested