News List

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

March 2020

LPAI Lauded for Infrastructure for Facilitation of Cross-Border Trade

Union Minister of State for Home Affairs Mr. Shri Nityanand Rai lauded the Land Ports Authority of India (LPAI) for work on border infrastructure for facilitation of cross-border trade and travel.

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Tags: ADB, India, Infrastructure, Trade, Trade Facilitation, Tourism

December 2018

Myanmar State Counselor Aung San Suu Kyi Stresses Expanding Myanmar-Nepal Cooperation

Myanmar State Counselor Aung San Suu Kyi undertook her first state visit to Nepal. She paid a courtesy call to Nepal Prime Minister KP Sharma Oli where they explored how to further expand their bilateral ties. At the Nepal Chamber Expo 2018, she delivered a speech urging both countries to improve economic relations. She also emphasized both countries’ membership to the SASEC program.

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Tags: Myanmar, Nepal, Economic cooperation, Tourism, Transport, SASEC

June 2018

Sri Lanka High Commissioner: Vision Offers Opportunities for Indian Businesses

Ms. Chitranganee Wagiswara, high commissioner of Sri Lanka in New Delhi, India, urged Indian companies to take advantage of the ample business opportunities in Sri Lanka. She said Sri Lanka’s Vision 2025 positions the country as an export-oriented economic hub at the center of the Indian Ocean.

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Tags: Sri Lanka, India, Trade, Tourism, Jobs

May 2018

India, Myanmar Sign Agreement on Land Border Crossing

The Governments of India and Myanmar inked the Agreement on Land Border Crossing during the visit of Ms. Sushma Swaraj, External Affairs Minister of the Government of India, to Myanmar on 10-11 May 2018. This landmark agreement allows people from both countries to cross the land border with passport and visa, for purposes such as availing health and education services, pilgrimage, and tourism.

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Tags: India, Myanmar, Tourism

April 2018

Sri Lanka Finalizes National Export Strategy, Appoints Advisory Committees

The National Export Strategy (NES) of the Government of Sri Lanka has been finalized by the Export Development Board (EDB) and is ready for submission to the Cabinet. The strategy aims to boost the performance of the country's focus sectors and improve the business environment by developing trade support functions in logistics, trade information and promotion, and national quality infrastructure.

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Tags: Sri Lanka, Exports, Trade, Trade Facilitation, Tourism

January 2017

Railway Network Linking India and its Neighbors Under Consideration

A railway network linking India and its neighboring countries, Bangladesh, Bhutan, Myanmar, and Nepal, is being considered by the Government of India, according to India Railway Minister Suresh Prabhu. Developing railway connectivity will increase employment, interaction, trade, and tourism.

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Tags: India, Rail, Bangladesh, Bhutan, Myanmar, Nepal, Trade, Trade Facilitation, Transport, Tourism, Employment

January 2017

Sri Lanka Seeks to Attract Foreign Investment, Boost Exports

The Government of Sri Lanka aims to attract $50 billion in foreign investment in the next 5-10 years to help develop infrastructure, and boost exports to $20 billion by 2020. This year, Sri Lanka expects to sign free-trade deals with India, Singapore, and China.

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Tags: Sri Lanka, Exports, India, China, Free Trade Agreement, BIMSTEC, Tourism

September 2016

ADB Approves $1.5 Billion Railway Project for Bangladesh

The Asian Development Bank has approved a multitranche loan of $1.5 billion to the Government of Bangladesh for construction of a key section of the Chittagong-Cox’s Bazar railway line—the largest ever investment in railways by ADB. The new line will improve Bangladesh’s access to Myanmar and beyond, facilitate trade, and boost tourism in southeastern Bangladesh.

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Tags: Bangladesh, Myanmar, Rail, Connectivity, Transport, Trade, Tourism

June 2016

Bhutan Air Connectivity Project to Upgrade Domestic Airports

Bhutan is upgrading three domestic airports—Bumthang, Gelephu, and Yonphula—to enhance their capacity, safety, and efficiency. The Asian Development Bank is providing additional financing for this SASEC project, to further strengthen safety and security, and improve passenger convenience and service at these airports.

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Tags: Bhutan, Airports, Transport, Tourism

December 2015

Commentary: South Asia Could Be Linchpin for Regional Integration

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.

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Tags: South Asia, Economic corridor, Development, ASEAN, Southeast Asia, East Asia, Trade Facilitation, Transport, Tourism, manufacturing, Bangladesh, Bhutan, India, Maldives, Nepal

October 2015

E-Permit for Indian Visitors to Bhutan under Consideration

A meeting between Bhutan Tourism Board officials and India's State Tourism Secretary Ajit Ranjan Bardhan discussed ways to improve links between Bhutan and India, including introducing an online entry permit system for Indian visitors and easing immigration checks. Bhutan agreed to consider providing online permits by 2016, said Secretary Bardhan.

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Tags: ICT, India, Bhutan, Tourism