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:

Energy Secretaries of Bangladesh, Bhutan, India, and Nepal held a virtual meeting to evaluate the state of energy...

Read More


The Central Board of Indirect Taxes and Customs (CBIC) of the Government of India released...

Read More


India Prime Minister Narendra Modi and Nepal Prime Minister KP Sharma Oli held a phone call to discuss...

Read More


A video conference among South Asian Association for Regional Cooperation (SAARC) senior trade officials was held on 8...

Read More


Mr. Arjun Goswami of the Asian Development Bank (ADB) emphasizes that amidst the threat posed by the COVID-19 pandemic, “what...

Read More


Member countries of the South Asia Association for Regional Cooperation (SAARC) held a Virtual SAARC Emergency meeting on...

Read More


The Governments of Bangladesh and India will undertake a joint study on an advanced free trade agreement (FTA)...

Read More