News List

Compiled features on recent developments in regional cooperation and integration in the SASEC region.

May 2022

Nepal Energy Officials, Sri Lanka Hydropower Companies Discuss Potential Hydropower Investment

The Embassy of Sri Lanka in Nepal and the Export Development Board (EDB) of Sri Lanka jointly organized a webinar among the Nepal Ministry of Energy, Water Resources and Irrigation (MOEWRI) and Nepal Electricity Authority (NEA), and around 30 hydropower companies from Sri Lanka.

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Tags: Nepal, Sri Lanka, Energy, Investment

February 2019

Maldives-Sri Lanka Similarities Make it Easier to Do Business

President Ibrahim Mohamed Solih, Maldives, said Sri Lanka’s similarities with Maldives make it easier for the two countries to do business with each other. He noted how trade between Maldives and Sri Lanka has prospered in the last two decades.

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Tags: Maldives, Sri Lanka, Trade, Investment

August 2018

Sri Lankan Investors Eye Expanding Bangladesh Investment

A Sri Lanka-Bangladesh Chamber of Commerce and Industry business delegation held a meeting with the Bangladesh Investment Development Authority to discuss bilateral trade and investment expansion between Bangladesh and Sri Lanka. Sri Lankan businessmen expressed desire to take advantage of Bangladesh's business-friendly environment. According to Mr. Aminul, Sri Lankan entrepreneurs are interested to invest in LPG wholesaling, the financial sector, information technology, and port logistics.

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Tags: Bangladesh, Sri Lanka, Investment, Bilateral Agreement, ICT, Ports

July 2018

MoU to boost Myanmar-Nepal Bilateral Consultation Signed

The Ministries of Foreign Affairs (MoFA) of Myanmar and Nepal have signed an MoU establishing a bilateral consultation mechanism. The first meeting reviewed Myanmar-Nepal relations, and discussed how to further boost cooperation between the two nations.

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Tags: Myanmar, Nepal, Cooperation, Trade, Investment

March 2018

6th SAARC Business Leaders' Conclave Notes the Need to Prioritize the Economic Agenda

The 6th SAARC Business Leaders' Conclave stressed the importance of prioritizing the economic agenda in the SAARC region. Mr. Shekhar Golcha, Senior Vice President, Federation of Nepalese Chambers of Commerce and Industry, underscored the need to make the economic agenda the guiding force among relationships within SAARC.

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Tags: Connectivity, Infrastructure, Investment, SAARC, Trade

October 2017

Fourth India-Bangladesh JCC Meeting Discusses Progress of Key Bilateral Initiatives

Ms. Sushma Swaraj, Minister of External Affairs, India, and Mr. Abul Hassan Mahmood Ali, Foreign Minister, Bangladesh, co-chaired the Fourth India-Bangladesh Joint Consultative Commission (JCC) Meeting, reviewing progress on key initiatives and decisions in areas including trade and investment, security, connectivity, border management, power, energy, shipping, and people-to-people exchange.

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Tags: Bangladesh, India, Connectivity, Energy, Hydropower, Trade, Investment

February 2017

ADB to Back Bangladesh Road Connectivity and Energy 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.

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Tags: ADB, Bangladesh, Bhutan, BBIN, Cooperation, Development, Motor Vehicles Agreement, Energy, Investment, Nepal

December 2016

Commentary: Nepal Hydropower to Bring Economic, Social, and Environmental Benefits

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.

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Tags: Development, Energy, Hydropower, India, Investment, Nepal, Private Sector, Regional Cooperation, Trade

November 2016

Bangladesh to Improve Ease of Doing Business to Attract More Indian Investors

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.

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Tags: Bangladesh, India, Ease of Doing Business, Investment, Energy, Infrastructure, Bilateral Trade

November 2016

Conference Highlights Deepening Economic Integration, Boosting Connectivity in South Asia

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.

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Tags: SAARC, Transport, Rail, Road, Investment, Investments, Nepal

September 2016

Seminar Emphasizes Need to Attract More FDI for Nepal's Hydropower Sector

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: Nepal, Investment, Hydropower, Energy, India, Exports

November 2012

SASEC Energy Officials Endorse Feasibility Studies for Transmission Investments

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.

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Tags: Bhutan, Energy, Investment, SASEC, South Asia

March 2012

SASEC Trade Facilitation and Transport Working Group Meeting in Kolkata

Following the SASEC Trade Facilitation and Transport Working Group (TFTW) Meeting in Bangkok in October 2011 the TFTWG met again in Kolkata on 5 March 2012 and agreed on a list of investment and technical assistance projects.

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Tags: India, Investment, SASEC, Thailand, Trade Facilitation, Transport