Making BIMSTEC a Regional Vehicle for Nepal's Economic Growth
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was established in 1996 with a permanent secretariat in Dhaka, Bangladesh. Nepal, which joined BIMSTEC in 2004, could achieve its goals of development and prosperity through the organization. Nepal could expand its trade, economy, business, investments, and cultural connections through connections with BIMSTEC member countries in South and Southeast Asia.
Author: Sunil K.C.
Tags: BIMSTEC, Nepal, Trade
Harnessing Inland Waterways for Inclusive Trade Among Bay of Bengal Countries
The transboundary rivers Ganges, Brahmaputra, and Meghna create a vibrant water grid connecting Bangladesh, Bhutan, India, and Nepal. India has been developing fairways and river and multimodal terminals in the last few years. Further development of inland waterways in Bay of Bengal countries would create jobs and open opportunities for inclusive trade.
Author: Veena Vidyadharan
Tags: Bangladesh, Bhutan, India, Inland Waterways, Nepal, Trade, Transport
Regional Integration in Bay of Bengal Region in Post-COVID-19 Period
Bay of Bengal countries face similar challenges in facing the coronavirus disease (COVID-19) pandemic. By strengthening regional cooperation, countries could bring down costs brought about by the pandemic and help hurdle barriers to the flow of people, ideas, and trade in goods and services. This paper analyzes the possible economic losses caused by the pandemic in the Bay of Bengal region. It also looks at progress in regional cooperation and suggests ways for working together in dealing with the COVID-19 pandemic.
Author: Prabir De
Tags: COVID-19, BIMSTEC, Regional Cooperation
Learning from CAREC Corridors and Connectivity: Prospects for BBIN Sub-region
This publication looks at Central Asia Regional Economic Cooperation (CAREC) corridors, drawing lessons for the Bangladesh, Bhutan, India, Nepal (BBIN) subregion. It also looks at the potential for multimodal connectivity between CAREC and BBIN countries. BBIN countries formed the South Asian Growth Quadrangle in 1996 and, with help from the Asian Development Bank, formed the South Asia Subregional Economic Cooperation (SASEC) program in 2001 to promote regional cooperation in transport and trade. The SASEC partnership later grew to include Maldives, Sri Lanka, and Myanmar.
Author: CUTS International
Tags: BBIN, Connectivity, Economic Corridor Development, SASEC, Regional Connectivity, Trade Facilitation, Transport
Regional Cooperation for Trade and Transport Connectivity in the Age of Pandemics in Asia and the Pacific
Governments, border agencies, logistics companies, and traders have been studying how trade and transport facilitation measures may be used to maintain the flow of goods across borders. In South Asia, the South Asia Subregional Economic Cooperation (SASEC) Trade Facilitation Working Group and the SASEC Customs Subgroup, through SASEC’s Trade Facilitation Strategic Framework, have helped develop separate lanes for handling and releasing medicines and other critical goods. A SASEC technical assistance project is also being implemented to modernize cross-border e-commerce for micro, small and medium enterprises.
Author: United Nations Economic and Social Commission for Asia and the Pacific
Tags: Trade, Transport, SASEC, Trade Facilitation