Compiled features on recent developments in regional cooperation and integration in the SASEC region.
Border trade between India and Myanmar slowed down by over 40% for the current fiscal year, due to the temporary closure of border posts because of the coronavirus disease (COVID-19) outbreak. The value of trade went down from $128 million to $76 million noted Thura Swiss, the agency that conducted the research.
Tags: India, Myanmar, Covid19, Trade Facilitation, Trade
The Asian Development Bank has expanded its support for Bangladesh's private sector through its Trade Finance Program. Enhancing the program will raise exports and imports, increase jobs, and contribute to economic development in Bangladesh.
Tags: ADB, Bangladesh, Trade, Covid19
Leaders and foreign ministers of BIMSTEC member states and the BIMSTEC Secretary General expressed their felicitations on the occasion of BIMSTEC Day 2020, and reaffirmed their commitment to building cooperation and increasing resilience through the interregional organization amidst the ongoing coronavirus disease (COVID-19) pandemic.
Tags: BIMSTEC, Covid19, Connectivity
An ADB trade finance program is supporting a loan to the State Pharmaceuticals Corporation of Sri Lanka to purchase medical supplies as part of the country’s response to the COVID-19 pandemic.
Tags: ADB, Sri Lanka, Trade, Covid19
Mr. Arjun Goswami of the Asian Development Bank (ADB) emphasizes that amidst the threat posed by the COVID-19 pandemic, “what we need now is not to step back from cross-border cooperation but to redouble such cooperation.” Mr. Goswami underscores that regional cooperation is very much a part of ADB, with various regional cooperation platforms, including the SASEC Program.
Tags: Pandemic, Covid19, Regional Cooperation, SASEC, ADB
Member countries of the South Asia Association for Regional Cooperation (SAARC) held a Virtual SAARC Emergency meeting on COVID-19 on 15 March to discuss and coordinate a regional response. Mr. Sujit Bharti, a Diplomat at the Ministry of External Affairs of the Government of India, writes how South Asia is cooperating against the pandemic.
Tags: Pandemic, Covid19, Regional Cooperation, SAARC, India