Reimagining Border Haats as Border Co-prosperity Zones
Border Haats have been successful in increasing local livelihoods, improving cross-border microtrade, facilitating people-to-people contact, reducing informal trade, and enhancing border security. This paper argues that establishing border coprosperity zones, coupled with investments in infrastructure and technologies, could help promote connectivity and realize mutual growth and prosperity for Bangladesh and India.
Author: Sabyasachi Dutta
Tags: Bangladesh, India, Border Haats, Bilateral Trade, Customs
Developing Economic Corridors in South Asia
This book describes key conditions for transforming transport corridors into economic corridors and establishes the rationale for developing economic corridors, and the related benefits from production value chains along those corridors. It further emphasizes the significant potential of economic corridors in South Asia, particularly those being developed under the South Asia Subregional Economic Cooperation Program. The chapters highlight the impact of trade barriers on bilateral trade and present case studies on trade facilitation in South Asia. Countries in the subregion would benefit by working closely to exploit the full economic potential of economic corridors.
Author: Asian Development Bank
Tags: Economic Corridor, South Asia, Trade Facilitation, Bangladesh, India, Sri Lanka, ADB, SASEC, Bilateral Trade, Transport
Impact of Trade Facilitation on Foreign Direct Investment
This United Nations Economic and Social Commission for Asia and the Pacific Trade and Investment Working Paper attempts to quantify the potential impact of trade facilitation on foreign direct investment (FDI) flows. The study uses bilateral FDI data from 2006 onward from both developing and developed countries, including South-South FDI flows, wherein contiguity (common border between source and host country) and geographic distance are found to be much more important factors. In applying an augmented FDI model framework to determine the effect of comprehensive international trade costs, the results show that both non-tariff and tariff costs are important determinants of FDI inflows.
Author: Yann Duval and Chorthip Utoktham
Tags: FDI, Trade Facilitation, Bilateral Trade, UNESCAP, Investment, Tariff, Bangladesh, Maldives
Unlocking Bangladesh-India Trade: Emerging Potential and the Way Forward
This working paper breaks down the importance of trade cooperation between Bangladesh and India by taking a closer look at the impacts of Bangladesh's increased market access to India, and their improved border connectivity. Employing data from national government resources and multilateral development organizations including the International Monetary Fund, World Bank, and World Trade Organization, the study provides an estimate of the trade potential of Bangladesh and India, and calculates the implications on costs of trade facilitation, among others. It also discusses ongoing challenges in bilateral relations and provides recommendations that will enable larger gains for the two contiguous countries.
Author: Prabir De, Selim Raihan, and Sanjay Kathuria
Tags: Trade, Trade Facilitation, Regional Cooperation, Bangladesh, India, WB, WTO, Bilateral Trade