SASEC Countries to Gain by Improving Transport Times

19 June 2018

South Asian countries stand to make significant economic gains by improving transport times, according to a study by the Asian Development Bank (ADB). By investing in infrastructure that improves connectivity for international shippers and reduces transport times to key markets, South Asia Subregional Economic Cooperation (SASEC) countries could reap major benefits.

Trade Costs, Time, and Supply Chain Reliability looks at trade costs, time, and supply chain reliability in the region and covers SASEC countries (Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka). The new study uses shipment-level data on parcel flows to analyze the effect of time on trade costs.

Indirect linkages and the need for transshipment increase time, cost, and uncertainty. The study notes that while some international gateways perform well in South Asia, none are close to the world technological frontier. The study says that improving shipment times and reducing uncertainty have the potential to significantly increase trade.

Sri Lanka leads other countries in Asia in the World Bank’s Logistics Performance Index. Colombo is among the best-connected ports.


Related Links:

Nepal and Bangladesh are set to sign an energy cooperation agreement to oversee electricity trade between the two...

Read More


The Ministries of Foreign Affairs (MoFA) of Myanmar and Nepal have signed an MoU establishing a bilateral consultation...

Read More


The World Bank (WB) has recently released its latest figures for logistics performance. WB’s Logistics Performance Index (LPI)...

Read More


The Government of Nepal is awaiting Cabinet approval of the draft protocol of the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicle...

Read More


The Governments of Bangladesh and India are considering development of "border haats" (border markets) in six new locations...

Read More


The Asian Development Bank (ADB) is committed to supporting the development of India’s East Coast Economic Corridor (ECEC),...

Read More


The Government of Sri Lanka's Department of Commerce launched the Sri Lanka Trade Information Portal...

Read More