News List

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

June 2023

Bangladesh Commerce Minister Urges Bangladesh and Bhutan Private Sector to Lead Trade Expansion

Mr. Tipu Munshi, Commerce Minister of the Government of Bangladesh, invited Bhutan to build an economic zone in Bangladesh to boost the trade relationship between the two countries. He also encouraged businesses from Bangladesh and Bhutan to lead the trade expansion by establishing strong relationships with each other to reap the benefits of their preferential trade and transit agreements.

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Tags: Bangladesh, Bhutan, Trade Facilitation, Private Sector

May 2017

Former FBCCI President: Bangladesh-India Relations Better Now than Any Time in the Past

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, India, Private Sector, Trade Facilitation, Exports

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

August 2016

Southern Gujarat Chamber of Commerce and Industry Signs MoUs with Bangladesh Private Sector

The Southern Gujarat Chamber of Commerce and Industry (SGCCI) undertook a 6-day visit to Bangladesh, and met with the Dhaka Chamber of Commerce and Industry (DCCI) and the Chittagong Chamber of Commerce and Industry (CCCI), to look into economic opportunities India and Bangladesh could tap. SGCCI signed memorandums of understanding (MoUs) with DCCI and CCCI, to explore new areas of cooperation and boost bilateral trade relations.

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Tags: Bangladesh, India, Private Sector, Trade

July 2016

Three Member Countries Designate Areas for SAARC Industrial Parks

Bangladesh, India, and Pakistan, member countries of the South Asian Association for Regional Cooperation (SAARC), have stepped up their support for the proposed SAARC Industrial Parks by allocating lands for the planned initiative. Designated areas include Chittagong, Bangladesh; Gujarat, India; and Faisalabad City, Pakistan.

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Tags: SAARC, Trade, Private Sector, Bangladesh, India

May 2016

Bangladesh Trade Organization Looks into Growing Bhutan Trade Volume

The Federation of Bangladesh Chambers of Commerce and Industries (FBCCI) explored the possibility of growing its trade volume from Bhutan through investments in the country's fruit and vegetable processing industries and buying spices from Bhutan. FBCCI President Abdul Matlub Ahmad was in the country to explore new areas of trade and investments between the two countries.

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Tags: Bangladesh, Bhutan, Trade, Private Sector

April 2016

Private Sector Representative: BBIN Corridor Trial Run Highlighted Scope for Development

Dr. Pritam Banerjee, Senior Director, Corporate Public Policy (South Asia), Deutsche Post DHL, reported that the first trial run of cargo vehicles on the Kolkata-Dhaka-Agartala route under the Bangladesh-Bhutan-India-Nepal (BBIN) sub-regional framework, enabled a better understanding of future needs and solutions for safe and efficient movement of cargo across BBIN borders.

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Tags: Private Sector, BBIN, Trade Facilitation, Transport, India, Bangladesh

March 2016

Industrial Park and Connectivity on SAARC CCI Agenda

The development of a SAARC Industrial Park is one of the top priorities of the SAARC Chamber of Commerce and Industry (SAARC CCI), and will enable the sharing of technical knowledge for industries and services among SAARC countries, and promote intra-SAARC trade and investment, according to new SAARC CCI President Suraj Vaidya. SAARC CCI will also work toward boosting connectivity in the region.

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Tags: SAARC CCI, Connectivity, Private Sector, Nepal

December 2015

DCCI Seminar Highlights Need to Implement Trade Facilitation Measures in Bangladesh

A seminar organized by the Dhaka Chamber of Commerce & Industry (DCCI) discussed 'Trade Facilitation: Opportunities and Challenges for Sustainable Growth' in Bangladesh. Economic Adviser to the Prime Minister Dr. Mashiur Rahman emphasized that trade facilitation measures should boost trade and promote investments. Dr. Khairuzzaman Mozumder, Deputy Chief of USAID, identified remaining key challenges in implementing the WTO Trade Facilitation Agreement in the country.

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Tags: Trade Facilitation, Bangladesh, Private Sector

November 2015

THyE, Indian Banks Sign Loan Agreement for Nikachhu Hydropower

Bhutan’s Tangsibji Hydro Energy Limited (ThyE) and the State Bank of India (SBI) and EXIM signed a financial agreement costing around $53.5 million for the 118 megawatt Nikachhu hydropower plant. Power generated through the project will boost renewable energy generation in Bhutan, and further expand cross-border power trading in the region.

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Tags: Bhutan, Energy, Private Sector

September 2015

Taskforces to Promote SAARC Connectivity and Trade

Taskforces in energy cooperation, trade facilitation, trade infrastructure, foreign direct investment, and people-to-people contact will be formed to promote connectivity and trade in the South Asia Association for Regional Cooperation (SAARC) region. The taskforces will examine key areas for regional cooperation in greater depth.

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Tags: SAARC, Private Sector, Regional Cooperation

September 2015

6th Bhutan International Trade Fair 2015

Bhutan and Nepal conducted an international trade fair from 4-8 September 2015 in Thimphu, Bhutan to boost trade between the two countries. This private sector event recognizes Bhutan as a potential market for a growing number of businesses. A total of 215 business entities from seven countries participated in the fair.

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Tags: Bhutan, Nepal, Trade, Private Sector

September 2015

Bangladesh Businessmen Call for Better Land Port Infrastructure

Bangladesh businessmen envisage increased trade with India if constraints on land port infrastructure are addressed. Land ports and land Customs stations play a significant role in the country's trade within the subregion. Current limitations in infrastructure, communication, and excessive documentation create hurdles for trade efficiency.

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Tags: Bangladesh, Trade Facilitation, Private Sector