Economic Cooperation Dialogue Highlights Need for Transport Corridors

25 April 2016

The Economic Cooperation Dialogue on Regional Connectivity and Border Special Development Zones in Eastern South Asia, jointly organized by the Government of Meghalaya (India), North Eastern Council, Government of India, and the United Nation Economic and Social Commission for Asia and the Pacific (UNESCAP), highlighted the importance of transport corridors to promote trade and economic cooperation in the region. The Dialogue, held on 25-26 April 2016 in Shillong, India, aimed to formulate an actionable policy agenda for improvement of border development through connectivity.

Developing transport corridors can turn constraints faced by the region's landlocked countries into opportunities, shared Dr. Nagesh Kumar, Head, UNESCAP Subregional Office for South and South-West Asia.

The geographic contiguity of countries in the region—Bangladesh, Bhutan, India, Myanmar, and Nepal—was emphasized by Mr. Syed Muazzem Ali, Bangladesh High Commissioner in India. He reported how Bangladesh is working on establishing links with its neighbors, including restoring connectivity with India's North East. Railways and river connectivity are the least expensive and most ecological and economically viable options.

The need for good connectivity infrastructure to support the region's trade corridors was stressed by Mr. Mukul Sangma, Meghalaya Chief Minister, India, who highlighted potential contribution of India's northeastern states to the growth of countries in the region. He talked about India's proposal to develop 20 rivers—4 of which are connected to Meghalaya, with 2 on the India-Bangladesh border. Border economic zones along international borders can bring about growth and prosperity, according to the Chief Minister.

The Dialogue was attended by senior government officials, policy makers, representatives from the diplomatic community, subregional groupings, multilateral development banks, donors, business leaders, think-tanks and the media.


Related Links:

The Asian Development Bank (ADB) approved on 27 August 2021 a $1.78 billion multitranche financing facility (MFF) to...

Read More


The Governments of India and Maldives held a signing ceremony for the Greater Male Connectivity Project (GMCP) on...

Read More


The Royal Monetary Authority of the Government of Bhutan launched www.bhutanmade.bt. This website is an e-commerce portal...

Read More


The Ministry of Finance of the Government of Nepal launched the Sixth Customs Reform and...

Read More


The Governments of India and Nepal held the Ninth Meeting of the Nepal-India Oversight Mechanism on 16 August...

Read More


Bangladesh’s National Board of Revenue (NBR) has issued the 'Speedy disposal and Release of Perishable Goods Rules-2021.' This...

Read More


The Bangladesh Cabinet Committee on Government Purchase on 19 August 2021 ...

Read More