Compiled features on recent developments in regional cooperation and integration in the SASEC region.
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.
Tags: Nepal, Trade Facilitation, Exports, Customs, FDI, LDC, WTO
Bangladesh is seen as the new investment destination for Indian investors, particularly with the series of bilateral agreements signed between the two countries in June 2015. Trading and exporting appears lucrative for Indian businessmen due to Bangladesh’s weak manufacturing base, tariff-free access to developed markets, geographical proximity, and resilient economy.
Tags: Bangladesh, India, FDI
Prime Minister of Bhutan Tshering Tobgay told investors at the 7th Vibrant Gujarat Summit that Bhutan is open to clean, green and sustainable business proposals, including investments in renewable energy and hydropower. He also emphasized that Bhutan gives more value to gross national happiness, and extended an invitation among those interested in doing value-based business to invest in Bhutan.
Tags: Bhutan, FDI, Hydropower, Energy