Sri Lanka, June 7 -- Sri Lanka will require strong commitment from both the government and the private sector as it moves closer to a potential application to join the Regional Comprehensive Economic Partnership (RCEP), diplomats and experts have said.

They also noted that member states will closely assess macroeconomic stability, policy credibility, and a country's ability to implement reforms before approving new entrants to the free trade bloc.

The views were expressed at a roundtable discussion in Colombo on "Sri Lanka, RCEP and the Emerging Global Trading Order", organised by the Pathfinder Foundation.

Former Sri Lankan Ambassador to the World Trade Organisation, Dr Dayaratna Silva, said joining RCEP could significantly reshape Sr...