By investing in infrastructure that improves connectivity and reduces transport times to key markets, South Asia Subregional Economic Cooperation countries could reap major benefits, a new Asian Development Bank study says.
Tags: SASEC, ADB, Trade, Bangladesh, Bhutan, Maldives, Myanmar, Nepal, Sri Lanka, World Bank
In his keynote address at the ADB Regional Cooperation and Integration Week, ADB President Takehiko Nakao stated that regional cooperation is critical to securing Asia’s economic future. He noted ADB’s continued commitment to support regional cooperation as a means to reduce inequality and overcome infrastructure gaps, and cited specific SASEC projects as effective examples. The ADB Regional Cooperation and Integration Week was held on 27-29 November 2017, in Manila, Philippines.
Tags: ADB, ASEAN, Economic Corridor Development, Energy, Myanmar, Regional Cooperation, SASEC, Transport, World Bank, WTO