News List

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

Year:
June 2016

Indian Entrepreneurs Invest in Bangladesh, Create 63,277 Jobs

Indian entrepreneurs have invested INR 3,084.43 crore ($458.14 million) in Bangladesh, a move that has created 63,277 jobs, says Mr. Amir Hossain Amu, Ministry of Industries, Bangladesh. He also said Bangladesh is looking forward to being India’s partner in tech industries.

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Tags: SAFTA, India, Bangladesh, Trade

April 2016

Commentary: Political Economy of Regional Integration: Where Do We Stand in South Asia?

Dr. Selim Reihan notes that drivers of political economy can impact the region's integration agenda. In this essay, Dr. Raihan highlights the importance of exploring the political economy of regional integration to generate a better assessment of the factors driving and constraining regional integration, and create broader awareness among stakeholders to stimulate a more realistic and effective regional policy design and processes.

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Tags: Economic corridor, Bhutan, India, Bangladesh, Nepal, Maldives, Sri Lanka, SAARC, SAFTA, Services, South Asia, Infrastructure, Trade Facilitation, Transport

April 2016

Promoting Trade in the BBIN Subregion Dialogue Discusses Need to Reduce NTMs

A Metropolitan Chamber of Commerce and Industry (MCCI) dialogue on promoting trade in the Bangladesh-Bhutan-India-Nepal (BBIN) subregion has discussed intraregional trade in South Asia, which remains under 5% despite implementation of the South Asia Free Trade Agreement. According to MCCI, non-tariff measures manifested as non-tariff barriers and para-tariff barriers lead to high transaction costs in cross-border trade, keeping trade volume low.

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Tags: Trade, BBIN, SAFTA, Bangladesh, Bhutan, India, Nepal

March 2016

SAARC Member Countries Urged to Work Together to Achieve Goal of SAEU

India's External Affairs Minister Sushma Swaraj called for further consolidation of the South Asian Free Trade Area and the South Asian Trade in Services Agreement to achieve the goal of a South Asian Economic Union, in her address at the 37th SAARC Council of Ministers' Meeting. She said SAARC member countries must work together to harness their economic complementarities and create an environment conducive to rapid growth.

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Tags: SAARC, SAFTA, SAEU, South Asian Economic Union, India, Trade Facilitation

March 2015

SAFTA Certificates for Bangladesh Small Garment Makers

The Government of Bangladesh will issue South Asian Free Trade Agreement (SAFTA) certificates to allow South Asian countries to export at lower duty and receive duty benefits while shipping products in eight South Asian countries. The EPB recently decided to issue certificates to smaller apparel makers to help them export to neighboring countries and meet the growing demand of low-cost garments from Bangladesh.

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Tags: SAFTA, Bangladesh, Trade

November 2014

SAARC Development Bank Proposed during 18th SAARC Summit

Research and Information System for Developing Countries (RIS) has recommended the establishment of a South Asian Association of Regional Cooperation (SAARC) Development Bank that would prioritize financing of regional infrastructure projects among SAARC member nations.

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Tags: SAARC, Infrastructure, SAFTA

June 2012

SAARC Working Group on Reduction in the Sensitive Lists under SAFTA Phase III

The SAARC Working Group noted that under Phase II all member states had already reduced their respective Sensitive Lists by a minimum of 20%. Bhutan India and Maldives had made substantial reductions in their lists which in fact were significantly more than the previously mandated reduction level.

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Tags: Bhutan, Free Trade Agreement, India, Maldives, SAARC, SAFTA, South Asia, Trade