SAARC Finance Ministers Meeting Focuses on Trade, Taxation

30 August 2016

The South Asian Association for Regional Cooperation (SAARC) Finance Ministers’ Meeting was held on 28-29 August in Islamabad, Pakistan, where discussion focused on improving trade relations among member nations and economic issues, including avoidance of double taxation and improving connectivity. The regional inter-governmental organization comprises Afghanistan, Bangladesh, Bhutan, India, Nepal, Maldives, Pakistan, and Sri Lanka.

Mr. Shaktikanta Das, Economic Affairs Secretary, India, noted that the meeting focused on fostering a Customs union, promoting double taxation avoidance between SAARC nations, improving connectivity, and developing supply chain linkages.

The use of the SAARC Development Fund was also examined. “So far the emphasis [for the SAARC Development Fund] has been social sector projects,” Mr. Das said. “About 11 projects are under implementation currently and now the attention is on infrastructure and economic projects to be financed from the fund.”

South Asia Subregional Economic Cooperation (SASEC) coordinates with SAARC, and prioritizes implementation of transport investments along SAARC road transport corridors 4 and 8.

 

Related Link:

Trading across borders, a key component of a country's ease of doing business, can be quantified through a...

Read More


In his keynote address at the Asian Development Bank (ADB) Regional Cooperation and Integration Week, Mr. Takehiko Nakao,...

Read More


Government ministers in Asia-Pacific have committed to support implementation of the Sustainable Development Goals (SDGs) Agenda. At the...

Read More


Bangladesh Prime Minister Sheikh Hasina, India Prime Minister Narendra Modi, and West Bengal Chief Minister Mamata Banerjee, jointly...

Read More


Nepal has decided to join Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)...

Read More


The Asian Development Bank has submitted the Comprehensive Development Plan (CDP) for the proposed Southwest Bangladesh Economic...

Read More


Completion of infrastructure to connect inland waterways of India and Bangladesh could ease movement between the two countries...

Read More