The 2019 TBI ranks a total of 86 countries on their use of trade barriers. The average TBI score is 4.0 on a 10 point scale, with 10 indicating the the highest use of trade barriers. Sri Lanka ranked as 50th in global and 5th In Asia. Tariffs, Non-Tariff Measures, and Services restrictions represent the most direct, and often used, trade barriers. The fourth component, Facilitation, captures necessary components to allow trade to happen: membership in Regional Trade Agreements, restrictions on digital trade restrictions, the property rights ecosystem, and logistics performance.
Sri Lanka ranked 5th place among Asian countries in International Trade barrier Index 2019
Global IndexesNov 7, 2019