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Trade in Services: Unearthing the devil in the details

Sri Lanka is negotiating an Economic and Technological Cooperation Agreement (ECTA) with India. It envisages liberalising trade in services. The lack of information on what is being negotiated has fueled speculation on the outcomes. A previous Verité Insight titled “Trade in Services: Sri Lanka needs to pull up its socks” pointed out, with reference to current Trade Agreements (TAs) of Sri Lanka, that the devil is really in the details – not the concept itself.

This Insight attempts to unearth the devil in the details (pitfalls and opportunities) by a quantitative and case analysis of India’s trade agreement with Japan. Explaining at the outset some of the trade related terminology will help to unpack the implications.

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Last modified: November 11, 2023