Sri Lanka climbs World Bank logistics ranking
Sanjeevi JAYASURIYA
The World Bank logistics ranking for 2012 released recently has
ranked Sri Lanka in 81 position.
This is the third edition of connecting to Compete: Trade Logistics
in the Global Economy, produced by the world bank once in two years. The
LPI measures on
the ground trade logistics performance in 155 countries,
helping national leaders, key policymakers, and private sector traders
understand the challenges they and their trading partners face, in
reducing logistical barriers to international commerce. A good LPI index
is a definite incentive for foreign investment
“The country has climbed more than 50 positions in the 2012 survey to
be ranked 81 out of 155 countries. This is no doubt a huge improvement
and also confirms our stand, that the assessment done in 2010 may have
been distorted due to the situation that prevailed in the country,”
Sri Lanka Freight Forwarders Association (SLFFA) Chairman Mohan S
Mohanadas said. Infrastructure is the key to progress as the top
performers in the LPI, supported by Logistics Services and Customs
Boarder Management, as noted in the report. Strong cooperation between
the public and private sector and a comprehensive approach in the
development of services and infrastructure, have resulted in efficient
logistics it also said.
“We have made good progress in the physical infrastructure
development in terms of roads, ports and airport, in the recent years
and we see continuous progress in that area. “Though the Customs and
Port through their concerted efforts have partially automated the entry
processing and online payments, which must be congratulated, we as a
country are far behind in EDI, compared to what is happening around us,”
Mohanadas said. |