BBIN Intraregional Trade On the Rise
21 June 2017
The International Trade Centre's Trade Map reports an increase in intraregional trade in the Bangladesh-Bhutan-India-Nepal (BBIN) subregion in 2016, from $21.65 billion in 2015 to $23.52 billion. The ratio of BBIN intraregional trade to world trade went up from 2.98% in 2015 to 3.34% in 2016.
The BBIN initiative is a subregional platform that meets to formulate, implement, and review agreements among the four South Asian countries in sectors including transport, energy, trade, water resources management, and infrastructure.