Maritime trade-dependence of Bangladesh, Myanmar and Sri Lanka: Implications and way forward

Abstract

ABSTRACT Maritime trade is a key contributor to economy in many countries particularly those that are bordering on oceans. Sri Lanka is geographically located in proximity to the main East-West sea route creating multiple logistics advantages to the adjunct countries. This paper considers the maritime trade dependence between Bangladesh, Myanmar and Sri Lanka that focuses on potential implications and a futuristic view. The paper primarily provides an appraisal of maritime trade about Bangladesh, Myanmar, and Sri Lanka. Thereafter, it identifies the historical connections between these countries and discusses the related developments and implications in the maritime industry. It consists of a review and comparison of shipping performance of the countries and an appraisal of Logistics Performance. In addition, it provides an indication of the global perception about other key factors pertaining to logistics and transport. Port project developments, One Belt One Road Initiative, maritime security, risk of Cyber-attacks, a rule based maritime order, trade and investment, transport, energy, and tourism are other factors that are highlighted in this paper.