| dc.description.abstract | One of the most vital maritime corridors which
has shown considerable importance for global trade is the
red sea. Being surrounded by major powers and countries
with ongoing conflicts in the middle east it has resulted in
its shipping lanes being disrupted leading to major delays
resulting in increased cost and brings an uneasiness to
global peace and security impacting trade and commerce
worldwide. To protect this choke point major powers have
established military bases in countries near to the Bab-El-
Mandeb strait to protect its shipping routes from threats
resulting from piracy, protracted conflicts in nearby
countries in the region and geopolitical rivalries. With the
recent conflict between Israel and Hamas and the Houthi
rebels in Yemen targeting ships aligned with Israel leading
to significant delays in trade has resulted in countries
finding alternate trade routes. With the emergence of
artificial intelligence, there is also the concern of using this
technology in warfare within the region but such advanced
technology utilized effectively can be also used to mitigate
difficulties facing the country as well. The red sea being a
vital trade route for countries like Sri Lanka there is the
high risk of it significantly impacting the countries trade
and security, if any hinderance to its trade routes were to
occur, it will incur extra cost for the country with the
increase in prices due to additional insurance premiums,
container freight rates and the additional fuel that is
needed for the safe and secure travel of the countries
imports and exports affecting trade and the economic
stability of the country. Ensuring the safety and security of
international trade routes such as the one in the red sea is
necessary for the county's financial stability and certain
steps must be enacted to ensure the nation's safety and
security as well. In this study, the researches aim to analyse
these impacts and outcomes of the difficulties which plague
the red sea to Sri Lankas own national security and its
impact on trade and present possible solutions and
mitigation strategies for policy makers and the Sri Lankan
government to enforce and implement, which may allow Sri
Lanka to face potential threats and maritime security
concerns and its affects in trade within the country and the
issues that will arise due to the conflicts and instability
within the region going forward. This research takes the
form of a qualitative study which uses both primary sources
such as statements, and secondary sources including but
not limited to websites, books, government records and
articles | en_US |
