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The ancient maritime routes through the Indo-West Pacific (Southeast Asia and the Indian Ocean) had no particular name for the majority of its very long history. [3] Despite the modern name, the Maritime Silk Road involved exchanges in a wide variety of goods over a very wide region, not just silk or Asian exports. [6] [14]
The history of Sri Lanka is unique because its relevance and richness extend beyond the areas of South Asia, Southeast Asia and the Indian Ocean. The early human remains which were found on the island of Sri Lanka date back to about 38,000 years ago ( Balangoda Man ).
A maritime Silk Route opened up between Chinese-controlled Giao Chỉ (centred in modern Vietnam, near Hanoi), probably by the 1st century. It extended, via ports on the coasts of India and Sri Lanka, all the way to Roman-controlled ports in Roman Egypt and the Nabataean territories on the northeastern coast of the Red Sea.
They established trade routes with Southern India and Sri Lanka from around 1500 BC to 600 BC, ushering an exchange of material culture (like catamarans, outrigger boats, lashed-lug and sewn-plank boats, and paan) and cultigens (like coconuts, sandalwood, bananas, and sugarcane), as well as spices endemic to the Spice Islands (cloves and nutmeg ...
The second part of the agreement pertained to the trade in additional commodities that both Sri Lanka and China intended to purchase and sell. However, this part of the agreement lacked specific obligations, with the understanding that the total worth of exports and imports would be balanced on an annual basis. [17]
Sri Lanka has a documented history that spans over 3,000 years, but there are theories to suggest that Sri Lanka had pre-historic human settlements dating back to at least 125,000 years. Its geographic location and deep harbours made it of great strategic importance from the time of the ancient Silk Road through to World War II. Sri Lanka is a ...
The mixed economy of Sri Lanka was worth 27.60 LKR trillion ($84 billion) by gross domestic product (GDP) in 2023 [34] and $318 billion by purchasing power parity (PPP). [35] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
Pages in category "Economic history of Sri Lanka" ... 0–9. Debt restructuring in Sri Lanka; Sri Lankan economic crisis (2019–present) C. ... Maritime Silk Road; T.