India Prime Minister Narendra Modi undertook his first bilateral state visit to Myanmar. Both countries agreed to prioritize conclusion of a bilateral agreement enabling motor vehicle traffic across the border, and grow their bilateral trade and investment by improving market access through removal of all trade barriers.
Tags: India, Myanmar, Bilateral Trade, Investment, Trade Facilitation
Nepal Prime Minister Sher Bahadur Deuba urged Indian investors to look at opportunities in Nepal at an India-Nepal Business Forum, highlighting gains in Nepal's governance, Nepal's duty-free access to the European market, and preferential market entry into the United States. On the same occasion, Ms. Bhawani Rana, President, Federation of Nepalese Chambers of Commerce and Industry, urged governments of both countries to simplify trade procedures to boost regional trade.
Tags: Private Sector, India, Nepal, Trade, Investment
Bangladesh and Sri Lanka will hold high level talks in July 2017 in Dhaka, Bangladesh, to deepen trade and expand investment. Sri Lanka Minister of Industries and Commerce noted that while Sri Lankan exports to Bangladesh have tripled since 2010, Sri Lanka wants to explore many untapped bilateral opportunities to further boost trade growth.
Tags: Bangladesh, Sri Lanka, Trade, Exports, Investment
The Minister of Industry and Commerce for Sri Lanka, Mr. Rishad Bathiudeen, urged collaboration among SAARC member countries to encourage inflows of foreign direct investment during a press briefing for the SAARC Investment Forum and Trade Fair scheduled for 6-9 September 2017 in Colombo, Sri Lanka.
Tags: SAARC, FDI, Sri Lanka, Investment, Trade
The Asian Development Bank (ADB) is ready to assist Bangladesh in its efforts to improve transport and energy connectivity. Mr. Wencai Zhang, Vice President, ADB, affirmed that ADB will continue to support Bangladesh in its goal of becoming a developed country by 2041, as well as in achieving the Sustainable Development Goals and minimizing climate change impact.
Tags: ADB, Bangladesh, Bhutan, BBIN, Cooperation, Development, Motor Vehicles Agreement, Energy, Investment, Nepal
Nepal’s hydropower potential could be realized with an efficient technological base, entrepreneurial vision, a coordinated power trading approach, and sustained investment commitment. Hydropower development would bring economic, social, and environmental benefits in Nepal and the rest of the South Asian region. In this speech delivered at the Power Summit, Nepal Prime Minister Pushpa Kamal Dahal vowed to support domestic and foreign investors through a policy encouraging investment.
Tags: Development, Energy, Hydropower, India, Investment, Nepal, Private Sector, Regional Cooperation, Trade
In a meeting with the Confederation of Indian Industry (CII), Mr. Kazi M. Azul Islam, Chairman, Bangladesh Investment Development Authority, promised CII delegates that Bangladesh will work toward improving the country’s ‘Ease of Doing Business’ to encourage more investors from India. Bangladesh has set a five-year target to improve its ease of doing business.
Tags: Bangladesh, India, Ease of Doing Business, Investment, Energy, Infrastructure, Bilateral Trade
Nepal Minister for Foreign Affairs Prakash Sharan Mahat urged conclusion of the SAARC Agreement on Promotion and Protection of Investment to deepen economic integration among South Asian countries, and emphasized the need to improve connectivity in the region at the inauguration of the Fourteenth Annual Conference of the South Asian Network of Economic Research.
Tags: SAARC, Transport, Rail, Road, Investment, Investments, Nepal
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.
Tags: Nepal, Investment, Hydropower, Energy, India, Exports
The SASEC energy working group agreed to conduct feasibility studies for three new priority large-scale cross-border transmission projects worth over $3 billion at a meeting on 9 November 2012 in Thimphu Bhutan.
Tags: Bhutan, Energy, Investment, SASEC, South Asia