In Sri Lanka today, international trade forms a smaller share of our economy, and we have slipped back compared to our competitors. Trade formed close to 80% of our GDP around 2005, but has since fallen to a paltry 55% by 2015. Compare this to Vietnam’s 170%, Malaysia’s 150%, and Thailand’s 120%. When strategizing on how to reverse this trend, we need to sharpen our focus on new areas like trade facilitation and standards, which are two clear priorities emerging globally, as revealed at last week’s World Export Development Forum (WEDF) held in Colombo. In this article, we take a brief look at two key takeaways.