Sunday 11 July 2021

Sri Lanka a prisoner, or a power of geography?

            How can Sri Lanka be a Power and not a prisoner 
            of Geography ?
 
             The land area of  Sri Lanka is 65,000 sq.metres, while the 
              sea surronding us  is 7.7 times over.Yet we are all the while 
             concerned about our little island rather than the potential 
             of what we can harvest from the sea around. The sea,the
             part of the Indian Ocean  forms part of our territorial 
             waters.
        
             In the same manner the oceans around the world occur 
             more than 70% of the earth's total surface and contain
             roughly 97% of all its water,measuring about 361.9 million 
             square kilometres. This is divided into 5 major basins:
             The Pacific, The Atlantic, The Indian,The Southern Antartic 
             and the Northern Arctic.
                                                              
 
             Best selling author, Tim Marshall says, "the land on which 
            we live has always shaped us". Is this anything new? 
 
            The impact geography can have on international affairs
             has offered an explanation for such geopolitical events
             as Russia's annexation of Crimea,based on Russia's need 
             to retain access to warm water ports,and also China's 
             action in Tibet to enforce its border with India, and United
             States' former President Trump wanting to build a brick
             wall with Mexico.
 
             What can we understand ? 
 
             We have periodically gone through turbulent times in
             our country, that can make history.
 
             We seem to be constrained by our geography
             rather than by history. Our choices seem limited by 
             the  political and the economic s decisions we are
            forced to take at the present time.

              We see all religions,culture,language - interact with 
              local geography,in recent times,with people wanting
              more control of their destiny?

              We may have hardly understood the cost of war,or the
              complexity  of geoplitics in today's world. We did not grasp
               the cost of  debt. We are now having to meet our 
               commitments as a nation and there is price to pay
               which we will pay by cutting unnecessary expense.            
              Now to get out of our burden,we are ready to save our 
              soul to the IMF. We are ready to arrange a reserve facility
             -Special Drawing Rights- of $800 million to tide over
             our immediate commitments, during August-Sept.2021.

             Sri Lanka has to stabilise foreign reserves which have
             dwindled down by nearly half to USD 4.2 billion, in order
             to pay off a soverign bond repayment of USD 400 million.
            
             One way we can we turn our tide is to think out of the box?
             
            Our sea resource extends to a protected territorial  waters
            boundary -an extent of 22km (12 nautical miles) beyond
            our coastline and covers an area of about 21,500 sq.km.
            This is an unutilised resource up to the present. We do not
            really know why, or how we can ?
        
            The contigious zone or the band of water extending from 
            the outer edge of the teritorial area to up to 24 nautical 
            miles also is part of our territorial waters.
        
            How many of us know that there is no land mass beyond
            and below Sri Lanka extending all the way to the South 
            Antartic?  
 
            We know we are geographically in the middle of the sea 
            shipping  route between East and West. Our strategic 
            location commands a price which we need to optimise. 

             We know shipping lines pass our territorial waters all the
             time to  save both on their fuel costs as well as time to
             reach their destination ports. Time is a very important
             factor in the transit of goods. 

             Could Sri Lanka after research consider charging a 
             Transit Shipping fee of all cargo vessls for use of our 
              territorial waters in the forseeable future?    
 
              Could this levy help to pay our debt over time?    
   
              The downside of this plan of action 
    
               We have to spend to save. We need monitoring of
               our territorial waters. We need a Coast Guard Service,
               if we don't have one. We  need to plot a plan of action.
               It may take months,if not years, but we would be able
               to recover some funds to pay off our debt. 
 
               Would we in the course of this exercise find that there
               also a cost for claiming this Transit fee from Shipping.
 
                We may find that the demand to use our territorial
                water for shipping greater than we would want to cope
                in terms of polluting our seas?

               Victor Cherubi

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