IPC Admin 01/01/2018 SRI LANKA3331

Sri Lanka officially the Democratic Socialist Republic of Sri Lanka is a country off the southern coast of the Indian subcontinent in South Asia. Known until 1972 as Ceylon, Sri Lanka is an island surrounded by the Indian Ocean, the Gulf of Mannar, the Palk Strait, and lies in the vicinity of India and the Maldives. As a result of its location in the path of major sea routes, Sri Lanka is a strategic naval link between West Asia and South East Asia.[10] It was an important stop on the ancient Silk Road. Sri Lanka has also been a center of the Buddhist religion and culture from ancient times, and is one of the few remaining abodes of Buddhism in South Asia along with Ladakh, Bhutan and the Chittagong hill tracts. The Sinhalese community forms the majority of the population; Tamils, who are concentrated in the north and east of the island, form the largest ethnic minority. Other communities include Moors, Burghers, Kaffirs, Malays and the aboriginal Vedda people.

Sri Lanka is a republic and a unitary state which is governed by a semi-presidential system with its official seat of government in Sri Jayawardenapura-Kotte, the capital. The country is famous for the production and export of tea, coffee, coconuts, rubber and cinnamon, the last of which is native to the country. The natural beauty of Sri Lanka has led to the title The Pearl of the Indian Ocean. The island is laden with lush tropical forests, white beaches and diverse landscapes with rich biodiversity. The country lays claim to a long and colorful history of over three thousand years, having one of the longest documented histories in the world. Sri Lanka's rich culture can be attributed to the many different communities on the island.

Sri Lanka is a founding member state of SAARC and a member United Nations, Commonwealth of Nations, G77 and Non-Aligned Movement. As of 2010, Sri Lanka was one of the fastest growing economies of the world. Its stock exchange was Asia's best performing stock market during 2009 and 2010.

Pepper in sri lanka

During 2014 production of Pepper in Sri Lanka increased significantly from 14,139 Mt in 2014 to 27,155 Mt in 2015. Favourable weather condition was the main driving force for the significant increase in the produce of Pepper.

During the year 2015, Sri Lanka exported around 16,660 Mt of Pepper as against 8,031 Mt in 2014, showing a substantial increase of 107%. When compared to the average export of 9,519 Mt during the last ten years, export in 2015 was highest.

India is the main export destination of Pepper, accounting for more than 50% of total Pepper exports from Sri Lanka. The main use of raw material by India is for further values additions, mainly for production of Oils and Oleoresins of Pepper followed by Pakistan and Egypt. Sri Lanka also exports Pepper oil, at around 25 Mt in the year 2014.

In addition to Pepper, Sri Lanka also produces other spices of very good quality like Cinnamon, Cloves etc.

Area under pepper (ha) 32,400 29,462 31,064
Pepper Production (mt) 27,155 14,801 17,591
Pepper Export (mt) 16,660 8,190 10,380
Export Earnings from pepper (USD'000) 143,618 17,059 57,929
Import of pepper (mt) 80 67 92
Domestic Consumption (mt) 9,115 6,129 6,950
Exchange Rate (LKR/USD) 136.55 103.35 118.48

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