September 2024
Maldives Vice President Hussain Mohamed Latheef launched Tradian on 3 September 2024 at Jen Hotel in Malé, Maldives. Tradian, the first phase of Maldives's National Single Window project, is a platform that links business owners with government service agencies.
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Tags: Exports, Imports, Maldives, National Single Window
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April 2018
The Government of Bangladesh will sign a free trade agreement (FTA) with the Government of Thailand, according to Commerce Minister of the Government of Bangladesh Tofail Ahmed. The FTA promises to boost trade between the two countries, which stands around $2 billion.
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Tags: Bangladesh, Exports, FTA, Imports, Thailand, Trade
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April 2018
The National Export Strategy (NES) of the Government of Sri Lanka has been finalized by the Export Development Board (EDB) and is ready for submission to the Cabinet. The strategy aims to boost the performance of the country's focus sectors and improve the business environment by developing trade support functions in logistics, trade information and promotion, and national quality infrastructure.
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Tags: Exports, Sri Lanka, Tourism, Trade, Trade Facilitation
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February 2018
Bangladesh is looking to expand the market share of its goods in Nepal. Ms. Mashfee Binte Shams, Bangladeshi Ambassador to Nepal, reviews the opportunities for Bangladesh manufacturers and explains what her country is doing to promote its products in Nepal. This interview of Ms. Shams, conducted by Ibrahim Hossain Ovi, first appeared on Dhaka Tribune.
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Tags: Bangladesh, Exports, Imports, Nepal, Trade Facilitation
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September 2017
India has formed the India-Myanmar Chamber of Commerce (IMCC) in Yangon to increase trade between the two countries, which currently stands at around $2 billion. IMCC will focus on helping Indian business invest in Myanmar and vice versa.
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Tags: Agriculture, Exports, Imports, India, Infrastructure, Renewable Energy, Small and Medium Enterprises, Thailand, Trade, Transport
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July 2017
Economic growth prospects in developing Asia for 2017 have improved on the back of stronger-than-expected export demand in the first quarter of this year, according to Asian Development Bank (ADB) report, Asian Development Outlook (ADO) 2017 Supplement. South Asia will remain the fastest growing of all subregions in Asia and the Pacific, with growth on track to meet projections of 7.0% in 2017.
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Tags: ADB, Development, Exports, India, South Asia
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May 2017
Mr. Abdul Matlub Ahmad, former President of the Federation of Bangladesh Chambers of Commerce and Industry, expressed confidence in the business relationship between Bangladesh and India, saying it is better right now than any time in the past. He encouraged the trade and business community to utilize the friendship between the two countries to promote development.
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Tags: Bangladesh, Exports, India, Private Sector, Trade Facilitation
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January 2017
Nepal’s Parliament ratified the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) on 13 January 2017, drawing up the instrument of acceptance for the WTO TFA, whose implementation will help expand trade and attract foreign direct investment in Nepal by increasing transparency and effectiveness of the trading process.
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Tags: Customs, Exports, FDI, LDC, Nepal, Trade Facilitation, WTO
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January 2017
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.
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Tags: BIMSTEC, China, Exports, Free Trade Agreement, India, Sri Lanka, Tourism
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November 2016
A notification for moving export and import cargo to and from Nepal through Visakhapatnam (Vizag) Port in Andhra Pradesh, India, was issued by the Nepal Department of Customs. This follows the go-ahead given by the Central Bank of Nepal to issue letters of credit to clients using Vizag Port to bring in trade. Furthermore, the Government of Nepal is considering establishing a consulate in Andhra Pradesh to ensure more efficient utilization of Vizag Port.
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Tags: Exports, Imports, India, LLDC, Nepal, Ports, Trade Facilitation
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November 2016
Bangladesh and Sri Lanka have agreed to sign a free trade agreement to enhance bilateral trade between the two countries. This decision came out of of the Fifth Joint Economic Cooperation Session between Bangladesh and Sri Lanka, and reflects an eagerness of both countries to improve trade volumes.
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Tags: Bangladesh, Exports, Free Trade Agreement, Imports, Sri Lanka, Trade
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September 2016
The Government of Nepal launched the Nepal Trade Portal, a one-stop shop for official information on trade procedures and requirements for Nepali business. Featuring essential information for traders, the online portal aims to improve the way trade and business is conducted, and to facilitate cross-border trade by providing easy access to legal documents, forms and procedures in both English and Nepali.
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Tags: Exports, Imports, Nepal, Trade Facilitation
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September 2016
A 'Foreign Direct Investment (FDI) in Hydropower' forum in Kathmandu, Nepal stressed the need for more FDI in hydropower projects. According to Nepal Minister for Energy Janardan Sharma, Nepal needs more investment to be able to fully harness its hydropower capacity. The Power Trade Agreement signed by Nepal and India promises a huge market for Nepal's hydroelectricity.
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Tags: Energy, Exports, Hydropower, India, Investment, Nepal
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August 2016
Ongoing negotiations for the proposed Sri Lanka-India Economic and Technology Cooperation Agreement (ETCA) are addressing many of the existing procedural barriers and delays Sri Lankan exporters face in Indian ports of entry. In this speech, Mr. Malik Samarawickrama, Sri Lanka Minister of Development Strategies and International Trade, discusses measures included in the Government's economic reform agenda, including ETCA.
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Tags: Exports, India, Sri Lanka, Trade
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August 2016
The Government of India is taking steps to boost the country’s exports by promoting access to new products, and expanding market access initiatives and market development schemes. India is promoting product standards, providing a facility for duty-free import of machinery for production of goods for export, and helping in the packaging and branding of Indian-made products.
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Tags: Exports, India, Trade
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June 2016
Sri Lanka needs to immediately put in place a comprehensive system of trade agreements, says Mr. Malik Samarawickram, Sri Lanka Minister for International Trade. In a business forum in Singapore, Mr. Samarawickram highlighted Sri Lanka's efforts to remove certain tariffs and to modernize its Customs system through ASYCUDA and the one-stop shop at the Central Customs Clearance Unit.
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Tags: Exports, Ports, Sri Lanka, Trade
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May 2016
The Government of Nepal has streamlined the Nepal Trade Integration Strategy's (NTIS) list of high value goods and services with export potential, reducing the items from 19 to 12, to promote competitiveness and increase production capacity. According to Nepal Commerce Minister Jayanta Chand, the revised NTIS will allow the Government to focus on enhancing the supply chain.
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Tags: Exports, Nepal, Trade Integration
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March 2016
A Meeting of high-level officials from the Government of India's Ministry of Finance, Central Board of Excise and Customs, Railway Board, Shipping and Airport Authority has discussed ways to expedite the country's clearance process for exports and imports, deciding to conduct a joint exercise to identify and address delays at every stage.
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Tags: Exports, Imports, India, Trade Facilitation
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