Explainer: How Blockchain Can Improve Supply Chain Transparency in Maldives
Maldives is studying the use of high-level technologies to support a national window system to make international trade easier and more efficient. Through the SASEC National Single Window Project, Maldives is introducing blockchain technology to improve trade facilitation and management of local and regional supply chains.
Asian Development Outlook (ADO) 2020: What Drives Innovation in Asia?
In South Asia, growth will decelerate to 4.1% in FY2020 and rebound to 6.0% in FY2021 following a projected revival in India. Bangladesh is projected to grow by 7.8% this fiscal year, while GDP growth in Bhutan will accelerate on high government spending. Growth in Maldives and Sri Lanka will be constrained by weaker tourism. In Nepal, the outlook is for moderating growth. In Southeast Asia, Myanmar growth is expected to slow in FY2020 and pick up in FY2021.
SAARC Senior Trade Officials Talk Trade amidst the COVID-19 Pandemic
A video conference among SAARC senior trade officials discussed the impact of travel restrictions and the larger impact of COVID-19 situation on intra-regional trade. The meeting acknowledged that the COVID-19 pandemic is likely to have a considerable adverse effect on trade in the SAARC region. It also recognized the need to have a bigger discussion on the impact of health issues such as the COVID-19 pandemic on regional trade and possible measures to mitigate it.
BBIN Energy Secretaries Evaluate State of Energy amidst the Pandemic
Energy Secretaries of Bangladesh, Bhutan, India, and Nepal held a virtual meeting to evaluate the state of energy amidst the COVID-19 pandemic. They discussed issues related to energy generation, demand, and distribution. The COVID-19 pandemic has affected the demand and supply balance, and ongoing construction projects in the subregion. Mr. Dinesh Kumar Ghimire, Secretary of Energy of the Government of Nepal discussed possible solutions with his counterparts in the subregion.
India, Nepal to Continue Close Coordination for Smooth Facilitation of Essential Supplies
India Prime Minister Narendra Modi and Nepal Prime Minister KP Sharma Oli held a phone call to discuss policy measures against the ongoing COVID-19 pandemic. The two leaders reiterated their agreement for Indian and Nepalese experts and officials to continue close consultations and coordination on all issues arising out of the COVID-19 situation. This includes facilitation of essential commodities across the border.
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TBDTransport |
12 MarTransport and Trade Facilitation |
20 JanTransport |
17 DecTrade Facilitation |
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17 April 2020 |
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