Compiled features on recent developments in regional cooperation and integration in the SASEC region.
The Government of Sri Lanka aims to attract $50 billion in foreign investment in the next 5-10 years to help develop infrastructure, and boost exports to $20 billion by 2020. This year, Sri Lanka expects to sign free-trade deals with India, Singapore, and China.
Tags: Sri Lanka, Exports, India, China, Free Trade Agreement, BIMSTEC, Tourism
Bangladesh’s 7th five-year plan focuses on bilateral free trade area with India and preferential trade area agreements with China to facilitate exports to these countries. India and China are important trading partners for Bangladesh due to their vast economies. The 7th five-year plan also prioritizes market diversification by exploring emerging potential markets to lessen dependence on European Union and the United States.
Tags: China, India, FTA