India is working to develop its inland waterways to increase economic connectivity with Southeast Asia. The project will connect India’s northeastern states with Bangladesh and Nepal and boost trade in the region as part of India’s Act East Policy.
Tags: Inland waterways, India, Southeast Asia, Transport
The Government of Thailand aims to increase bilateral trade with India by developing Ranong port. According to Mr. Tharadol Thongruang, Minister Counsellor (Commercial), Office of Commercial Affairs, Royal Thai Embassy in New Delhi, India, using Ranong port for trade with India’s Kolkata and Chennai ports will reduce distance between the two countries and boost trade.
Tags: India, Thailand, Southeast Asia, South Asia, Ports, Shipping, Trade, Connectivity
The Government of India plans to begin construction of the highway connecting Meghalaya to Myanmar in June 2017, according to the Ministry of Road Transport, Highways, and Shipping, India. India also plans to boost waterway transit for more cost-effective transport of goods, and is considering waterway connectivity between Myanmar and Bangladesh.
Tags: Transport, India, Myanmar, Bangladesh, Southeast Asia
Bangladesh is seeking to become a dialogue partner of the Association of Southeast Asian Nations (ASEAN), to deepen Bangladesh-ASEAN economic, political, and cultural connectivity. Formalization of ties will promote trade flow, investment, and cultural exchanges between South and Southeast Asia, emphasized Bangladesh Foreign Minister AH Mahmood Ali.
Tags: Bangladesh, Southeast Asia, ASEAN, Trade
South Asia is set to play a strategic role in Asian integration. This commentary by Mr. Ganeshan Wignaraja, Advisor in the Asian Development Bank’s Economic Research and Regional Cooperation Department, shares how linking emerging South Asia with the more developed member countries of the Association of South East Asian Nations will transform regional economies through development of regional connectivity, and create a huge regional market of 2-3 billion people.
Tags: South Asia, Economic corridor, Development, ASEAN, Southeast Asia, East Asia, Trade Facilitation, Transport, Tourism, manufacturing, Bangladesh, Bhutan, India, Maldives, Nepal
The Federation of Indian Chambers of Commerce and Industry organized the Second North East Regional Connectivity Summit to review progress made since its first Summit held in 2014, and discuss a way forward for the region's development, to maximize its proximity to South and Southeast Asia. The Summit also launched the knowledge paper 'Emerging North-East India: Economically and Socially Inclusive Development Strategies.'
Tags: India, Transport, Southeast Asia
Regional integration between South and Southeast Asia remains relatively limited, hindered by various problems, including bottlenecks in transport infrastructure. Enhancements in road, railways, and port infrastructure, as well as new road and rail links between Bangladesh, India, Myanmar, and Thailand will lower unit transport costs, reduce shipping times, and increase the quantity of goods, all of which will lead to increased trade.
Tags: Transport, Trade Facilitation, Southeast Asia, South Asia, Rail, Ports
The time is ripe to enhance economic integration between South Asia and Southeast Asia according to a joint study by the Asian Development Bank and the Asian Development Bank Institute. While cross-subregional trade has increased from $4 billion to $90 billion over a 23-year period, bottlenecks in infrastructure, financial markets, trade facilitation, trade barriers and regional cooperation continue to limit further improvement of economic ties.
Tags: South Asia, Southeast Asia, Transport, Trade Facilitation