Achieving Energy Security in Asia: Diversification, Integration and Policy ImplicationsThis publication reviews the status of energy security in Asia. In South Asia, countries face challenges in achieving energy security and climate goals. India and Bangladesh, for instance, face rising energy import bills while Maldives depends on oil products. The book suggests that countries and regions can achieve energy security through energy cooperation and diversification. This would lead to economic growth and poverty reduction, as well as mitigate energy security risks from climate change. Author: Asian Development Bank Institute and World Scientific Year: 2019 Download Tags: WB, India, Bangladesh, Maldives, Energy, Climate Change Doing Business 2020From May 2018 to May 2019, 294 regulatory reforms were implemented worldwide to make it easier to do business. India was among the countries that showed the most notable improvement in doing business during the period. South Asia had the highest share of economies that implemented cross-border cooperation reform, which ensures easy customs clearance procedures, harmonization of compliance rules, and border control efficiency. For example, Nepal opened a new integrated check post with India, thereby decreasing the time to import and export. Author: World Bank Group Year: 2019 Download Tags: WB, Ease of Doing Business, Customs, South Asia, Harmonisation Asian Development Outlook (ADO) 2019 Supplement, December: Growth Slows Further in Developing Asia’s GiantsDeveloping Asia's gross domestic product is projected to grow by 5.2% both in 2019 and 2020 as a slowing of global economic activity tempers regional growth, according to the Asian Development Outlook (ADO) 2019 Supplement. In South Asia, growth forecasts have been lowered to 6.1% in 2020. Strong remittances in Bangladesh will raise domestic demand, while in Bhutan, hydropower production rose to 3.1% in Q1 of FY2020 (ending 30 June 2020). Growth in India is expected to recover to 6.5% in 2020 with government policy measures, such as a corporate tax cutt and policy rate reduction. In Maldives, tourism remains strong. Foreign direct investments surged in Nepal while a recovery in economic activity is projected in Sri Lanka. Author: Asian Development Bank Year: 2019 Download Tags: ADB, South Asia, Hydropower, Tourism, Investment, Bangladesh, Bhutan, Maldives, Nepal, Sri Lanka World Bank East Asia and Pacific Economic Update, October 2019: Weathering Growing RisksAmid weakening global demand and policy uncertainty regarding trade tensions, growth in developing East Asia and Pacific region slowed in the first half of 2019. There is a need to address vulnerabilities and preserve economic dynamism in developing economies in the region. In Myanmar, GDP growth will reach 6.8% in 2021/2022 with the projected pick-up in agriculture. Policy measures to encourage investment, such as those for the energy sector, are expected to strengthen Myanmar’s manufacturing and construction sectors. Author: World Bank Year: 2019 Download Tags: Energy, Investment, Myanmar, WB Integrated Check-Posts on the India-Bangladesh Border: a Field Survey and Brief AnalysisIntegrated Check-Posts (ICPs) are designed to be one-stop solutions that house all regulatory agencies, including immigration, customs, and border security. India is in the process of establishing ICPs to efficiently manage crossings along its land borders. The country has identified 20 checkpoints for development as ICPs, including 10 that are on the India–Bangladesh border. This report studies the impact of the ICPs on activities along the India-Bangladesh border and suggests ways to improve efficiency of ICPs. Author: Joyeeta Bhattacharjee Year: 2019 Download Tags: Bangladesh, Customs, Trade Facilitation, India  Key Indicators for Asia and the Pacific 2019This report presents the latest economic, financial, social, and environmental statistics, and includes sustainable development goals indicators, for the 49 regional members of the Asian Development Bank (ADB). Remittances have been a stable source of revenue for Asia and the Pacific, with India being the top recipient of remittances globally at $78.6 billion in 2018. In 2017, foreign direct investment (FDI) in the region rose to $541.9 billion, although FDI flows have been more volatile compared to remittance flows. This report uses domestic value-added via forward linkages (DVA_F) to discuss the evolution of global value chains in Asia. In 2018, almost a third of the DVA_F generated in Asia stayed within the region, representing 39.0% of the total domestic value-added sent to the region. It shows the importance of intraregional trade for Asia, as Asia's trade connection to North America is weakening. Author: Asian Development Bank Year: 2019 Download Tags: ADB, India, South Asia, Sustainable Development Goals, Trade International Rules and e-Commerce: Trade Insight, Vol. 15 No. 1–2, 2019Trade Insight is published by the South Asia Watch on Trade, Economics and Environment. This issue includes discussions on various aspects of e-commerce, such as cryptocurrencies, integration of small and medium enterprises, and competition and regulation. Its editorial argues that South Asia should take an active part in drafting global rules on e-commerce. The issue also includes features on the South Asian Association for Regional Cooperation investment agreement, Connectivity 2.0 for the South Asia Economic Union, the use of inland waterways, and the electronic cargo tracking system. Author: South Asia Watch on Trade, Economics and Environment Year: 2019 Download Tags: Electronic Cargo Tracking System, SAARC, Trade, Transport Bountiful Bangladesh: An Ocean of OpportunitiesThis special publication by the Bangladesh High Commission, New Delhi, India, celebrates India-Bangladesh relations. A chapter on regional cooperation discusses how prosperity is promoted in the region through the South Asia Subregional Economic Cooperation (SASEC). Progress in regional cooperation builds on the momentum generated in the last 18 years through SASEC. Economic performance has been impressive and South Asia is forecast to become the fastest growing subregion in Asia. Author: Bangladesh High Commission, New Delhi, India Year: 2019 Download Tags: Bangladesh, India, SASEC, Regional Cooperation Asia-Pacific Trade Facilitation Report 2019: Bridging Trade Finance Gaps through TechnologyThis report reviews the progress of trade facilitation in Asia and the Pacific. It looks at recent trends in paperless trade and transit facilitation and the impact of trade facilitation initiatives on trade costs. The Global Survey on Digital and Sustainable Trade Facilitation shows significant progress toward streamlining trade procedures in the Asia and the Pacific. In South Asia, the average implementation rate of trade facilitation procedures in 2019 is at 55.4%. The report features a special chapter on how trade finance gaps—especially prevalent for small and medium-sized enterprises—can be bridged by technology. Author: Asian Development Bank and United Nations Economic and Social Commission for Asia and the Pacific Year: 2019 Download Tags: Small and Medium Enterprise, South Asia, Trade Facilitation South Asia: Shifting Outlook Calls For Steadfast ReformsGrowth in South Asia is projected to rise to 7.0% in 2020. To create more and better jobs, the region needs to further strengthen reforms. Growth in Bangladesh is expected to remain strong at around 8.0% in fiscal year (FY) 2019, led by private consumption and investment. In Bhutan, economic activity will pick up to around 6.0% in FY2020, supported by private consumption. In India, gross domestic product (GDP) growth slowed to 6.8% in FY2018/2019. Economic activity in Nepal remains robust as FY2018/2019 growth reached 7.1%. In Maldives, growth has been supported by increasing tourist arrivals. Economic activity in Sri Lanka is projected to recover as the tourism sector stabilizes. Author: International Monetary Fund Year: 2019 Download Tags: Bangladesh, Bhutan, India, Maldives, Nepal, Sri Lanka, Investment, Jobs, Tourism Borders without Barriers: Facilitating Trade in SASEC CountriesBorders without Barriers presents an analysis of the state of trade facilitation in member countries of the South Asia Subregional Economic Cooperation (SASEC) program. The book includes an analysis of the state of trade facilitation in Bangladesh, Bhutan, India, Nepal, and Sri Lanka, as well as in Maldives and Myanmar. It identifies trade facilitation priorities in SASEC countries: implementation of trade facilitation agreements and other conventions; logistics and infrastructure development and regulatory reforms; coordinated border management; and institutions and capacity development. Author: Asian Development Bank Year: 2019 Download Tags: ADB, SASEC, Trade Facilitation Agreement, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka Infrastructure Financing for Sustainable Development in Asia and the PacificThis book proposes adopting a more holistic approach to help accelerate infrastructure development in Asia and the Pacific. It discuses project financing for Nepal’s cross-border dry ports, streamlining Nepal’s trade and transit procedures through Automated Systems for Customs Data (ASYCUDA) and Advanced Cargo Information System (ACIS), and project financing by the Asian Development Bank of the Kakarbhitta dry port and a cross-country corridor project between Bangladesh and India. Financing and technical assistance from multilateral development banks and neighboring countries not only bridge funding gaps, these also help countries learn from funders’ experience constructing and operating infrastructure assets. Author: United Nations Economic and Social Commission for Asia and the Pacific Year: 2019 Download Tags: Infrastructure, Nepal, Sustainable Development Goals, UNESCAP Bridging the East: Trade and Transport Connectivity in the Bay of Bengal RegionBangladesh, Bhutan, India, and Nepal Motor Vehicles Agreement aims to reap the trade and economic potentials of the countries of South Asia. This study identifies hurdles to the successful implementation of the agreement through evidence-based advocacy and dialogue. The study highlights issues related to infrastructure, political economy, gender, and livelihood. Author: CUTS International Year: 2019 Download Tags: Trade, Transport, BBIN, BBIN Motor Vehicles Agreement, Bangladesh, India, Bhutan, Myanmar, Nepal  Asian Economic Integration Report 2019/2020: Demographic Change, Productivity, and the Role of TechnologyThis report reviews economic cooperation and integration in Asia and the Pacific. It reports that in 2018, the South Asia Subregional Economic Cooperation (SASEC) focused on reducing gaps in multimodal connectivity among its member countries. By the end of 2018, 52 ADB-financed projects worth $11.36 billion had been committed to SASEC projects, with an additional $106.44 million in 81 technical assistance grants. SASEC nodal officials and working groups met in Singapore in March 2018 to update the SASEC operational plan. The operational plan identified 77 projects ($45.6 billion) to be financed by SASEC members, ADB, and development partners. A holistic approach under the operational plan will build transport links with Southeast Asia and East Asia and expand regional trade markets. Author: Asian Development Bank Year: 2019 Download Tags: ADB, Regional Cooperation, SASEC, Trade Facilitation, Transport, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka Maritime Cooperation in SASEC: South Asia Subregional Economic CooperationMost South Asia Subregional Economic Cooperation (SASEC) countries rely on maritime transport for international trade. Stronger maritime relations are crucial to achieve the economic growth potential for the subregion. This report looks at how countries can strengthen international trade by improving maritime cooperation among the SASEC countries, comprised of Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka. It gives an overview of the SASEC maritime sector and identifies collaboration initiatives that could address key challenges. Author: Asian Development Bank Year: 2019 Download Tags: Transport, Trade Facilitation, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka Asian Development Outlook (ADO) 2019 Update: Fostering Growth and Inclusion in Asia's CitiesGrowth in developing Asia remains strong despite the slowing down of international trade and a weakening of investments. In South Asia, growth momentum has slowed, with growth forecasts lowered to 6.2% for 2019 and retained at 6.7% for 2020. Growth in India has softened but is expected to bounce back to 7.2% in 2020. Bangladesh and Nepal performed better than projected. Bhutan’s growth slowed to 5.3% in fiscal year (FY) 2019 due to a decline in hydroelectric generation. Growth projection for FY2020 is retained at 6.0%. In Sri Lanka, growth forecast has been lowered for 2019 and 2020. Forecasts for Maldives is retained as tourist arrivals increased in the first half of 2019. In Southeast Asia, growth projections for Myanmar has been retained. Author: Asian Development Bank Year: 2019 Download Tags: Hydropower, ADB, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka Services for Trade Competitiveness: Country and Regional Assessments of Services TradeThis book applies methodologies for assessing competitiveness of countries’ services sector. It examines the types of barriers to services in the regulatory environment and identifies the policy implications. It aims to guide policymakers in the area of services in international trade. The chapter on diversifying Nepal’s economy assesses the country’s trade potential in services. Using the Services Trade Competitiveness Diagnostic toolkit, it identifies policy measures that can help Nepal identify strategies for greater integration in the global marketplace. Author: Claire Hollweg and Sebastian Saez, eds. Year: 2019 Download Tags: Energy, Nepal, Services, Trade, WB ASYCUDA Programme: Compendium of Case Studies 2019Through customs automation and reform projects, the Automated System for Customs Data (ASYCUDA) Programme contributes to the achievement of the Sustainable Development Goals and production of trade-related statistics. This compendium includes details of achievements and benefits reported by countries—including Bangladesh and Sri Lanka—after implementing ASYCUDA systems. The information suggests ASYCUDA is not just a technical assistance program but also a development program. Author: United Nations Conference on Trade and Development Year: 2019 Download Tags: Sustainable Development Goals, Bangladesh, Sri Lanka, Trade Global Economic Prospects, June 2019South Asia enjoyed solid economic activity in 2018 with gross domestic product (GDP) growth at 7% owing to strong domestic demand. Risks to the outlook include possible re-escalation of political uncertainties, financial sector weaknesses due to nonperforming assets, and fiscal challenges amid elections in several countries. Author: World Bank Group Year: 2019 Download Tags: WB, South Asia, Trade World Investment Report 2019This report monitors global and regional foreign direct investment trends and national and international investment policy developments. Foreign direct investments (FDI) in South Asia grew by 4% in 2018 to $54 billion, with India accounting for $42 billion. International cooperation in the development of special economic zones (SEZs) has been increasing. In developing countries, many SEZs are built through bilateral partnerships or as part of development cooperation programs. In South Asia, the number of SEZs is set to increase substantially. India has 200 new zones in the pipeline, while Bangladesh has 60, and Nepal 12. Author: United Nations Conference on Trade and Development Year: 2019 Download Tags: Bangladesh, India, Nepal, FDI, Investment, South Asia, UNCTAD Basic Statistics 2019Basic Statistics presents select economic, environmental, and social indicators used to track progress toward the Sustainable Development Goals. It includes indicators for 46 development indicators for 46 economies in the Asia and Pacific region, including those for the seven SASEC countries: Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka. Author: Asian Development Bank Year: 2019 Download Tags: Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka, Trade, Sustainable Development Goals, Energy Economic and Social Survey of Asia and the Pacific 2019: Ambitions beyond GrowthThe Asia-Pacific region needs an estimated $1.5 trillion per year to end poverty and hunger, provide basic health care, quality education, enabling infrastructure, and clean energy for all, and for climate action and living in harmony with nature. Available public and private resources make these ambitions affordable for most countries in the region. However, development partnerships and regional cooperation are needed for all countries to achieve these “ambitions beyond growth.” Author: United Nations Economic and Social Commission for Asia and the Pacific Year: 2019 Download Tags: Sustainable Development Goals, Bangladesh, Bhutan, India, Nepal, Maldives, Myanmar, Sri Lanka, Trade, Energy Connecting Corridors beyond Borders: Enabling Seamless Connectivity in the BBIN Subregion Trade connectivity is expected to bring economic growth and prosperity and reduce poverty in Bangladesh, Bhutan, India, and Nepal (BBIN). It will strengthen the economies of landlocked Bhutan and Nepal and give BBIN countries greater access to global markets for exports and imports. The Motor Vehicles Agreement will promote containerization of multimodal cargo movement, which will help reduce trade costs. This study identifies eight trade corridors in the BBIN countries and provides details on existing infrastructure, time-cost-distance analysis, and projected sociopolitical impact. Author: CUTS International Year: 2019 Download Tags: BBIN, BBIN Motor Vehicles Agreement, Transport, Bangladesh, Bhutan, India, Nepal Impact Evaluation of Energy Interventions: A Review of the EvidenceImpact evaluations in the energy sector has so far focused on rural electrification and improved cookstoves. However, most investments have been in power generation and transmission. This energy sector impact evaluation report assesses what has been produced against what might be possible. It summarizes outcomes of 85 impact evaluations of energy interventions in developing countries, including Bangladesh, Bhutan, India, and Nepal. It looks at evidence gaps and proposes future directions for impact evaluations in the energy sector. Author: David A. Raitzer, Nina Blöndal, and Jasmin Sibal Year: 2019 Download Tags: Energy, Bangladesh, Bhutan, Nepal, India 2018 Development Effectiveness ReviewThis report looks at the Asian Development Bank’s (ADB) performance in achieving the goals set out in ADB’s Strategy 2020. In its South Asia operations, ADB supported the linking of countries through transport connectivity. ADB has committed $180 million to rehabilitate the Kanchanpur–Kamala section of the East–West Highway in Nepal to promote safety and transport connectivity. It is also committed to a $150 million project through the South Asia Subregional Economic Cooperation Road Connectivity Investment Program to upgrade a section of the Asian Highway connecting Manipur, India, to Myanmar and construct an international bridge between India and Nepal. Author: Asian Development Bank Year: 2019 Download Tags: ADB, India, Jobs, Myanmar, Nepal, SASEC, Transport, Road Impact Evaluation of Transport Interventions: A Review of the EvidenceDevelopment of transport is integral to the development of economic corridors, regional economic integration, and trade. This publication reviews the impact of 91 transport interventions in developing countries, including Bangladesh, Bhutan, India, and Nepal. It summarizes the project outcomes, identifies evidence gaps, and presents proposals for future directions. Author: David A. Raitzer, Nina Blöndal, and Jasmin Sibal Year: 2019 Download Tags: Bangladesh, Regional Connectivity, Bhutan, India, Nepal, Rail, Road, Transport Renewable Capacity Statistics 2019This report provides renewable energy statistics for 2009–2018. It includes figures on total renewable energy capacity installed and connected by energy source (hydropower, wind energy, solar energy, etc.). It gives figures for capacity per region and per country, including those for Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka. Author: International Renewable Energy Agency Year: 2019 Download Tags: Renewable Energy, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal Exports to Jobs: Boosting the Gains from Trade in South Asia South Asia’s economy has grown while significantly reducing poverty. Yet concerns persist regarding growing joblessness and poor job quality. This report shows how increasing exports per worker could result in higher wages for skilled workers, while less-skilled and rural workers could benefit from new jobs. To spread benefits from higher exports, policies are needed to raise skills and get women and youth into better jobs. Author: Erhan Artuc, Gladys Lopez-Acevedo, Raymond Robertson, and Daniel Samaan Year: 2019 Download Tags: South Asia, Jobs, Trade ADB Annual Report 2018The Asian Development Bank (ADB) supports cross-border infrastructure to help foster regional cooperation and integration. It is transforming transport corridors into economic corridors, allowing South Asian countries to participate in regional and global value chains and promote agriculture trade. In 2018, ADB committed $150 million to upgrade sections of South Asia Subregional Economic Cooperation (SASEC) road corridors in India and Nepal. The investments aim to improve connectivity between Manipur (in India) and Myanmar; build an India–Nepal international bridge; and improve the safety of Nepal’s East–West Highway. ADB also approved a technical assistance project to build institutional capacity and improve expertise of trade facilitation officials in SASEC member countries. Author: Asian Development Bank Year: 2019 Download Tags: Economic Corridor Development, ADB, Energy, India, Nepal, SASEC, Trade Facilitation  Potential Exports and Nontariff Barriers to Trade: Sri Lanka National StudyHow can Sri Lanka address nontariff barriers (NTBs) that hinder growth of its trade with Bangladesh, Bhutan, India, Maldives, and Nepal? The study examined the impact of sanitary and phytosanitary (SPS) and technical barriers to trade (TBT)-related nontariff measures enforced by SASEC countries to Sri Lanka’s exports with maximum potential, conducted a national diagnostic audit of the SPS and TBT infrastructure, and identified current SPS and TBT infrastructure capacity constraints. It considered options and opportunities to deal with the identified NTBs, including recommendations to improve Sri Lanka’s SPS–TBT infrastructure, and enhancing efficiency of SPS–TBT-related processes. Findings of the study could help formulate policies, laws, and institutions to address SPS–TBT-related NTBs and promote intraregional trade, as well as provide considerations for bilateral Free Trade Agreement negotiations. Additionally, the study provides traders with a comprehensive coverage of available export opportunities in Sri Lanka, and barriers they could encounter. Author: Asian Development Bank Year: 2019 Download Tags: Sri Lanka, Trade, Sanitary and Phytosanitary Measures, Technical Barriers to Trade, Non-Tariff Measures Asian Development Outlook (ADO) 2019: Strengthening Disaster ResilienceDeveloping Asia is projected to grow at 5.7% in 2019 and 5.6% in 2020. South Asia is projected to bounce back in 2019 and 2020 from the previous year’s slowdown. India’s growth is expected to pick up to 7.2% in 2019 (from 7.0% in the previous year) on recovery in agriculture and strong domestic demand. Bangladesh is projected to grow by 8.0% in 2019. Bhutan is expecting modest growth while the outlook for Maldives is for growth to moderate. Nepal should expect stable growth in 2019 while Sri Lanka is projected to recover moderately. Inflation in South Asia is projected to rise to 4.7% in 2019. Growth should pick up in Myanmar in Southeast Asia. Author: Asian Development Bank Year: 2019 Download Tags: ADB, South Asia, Bangladesh, Bhutan, India, Myanmar, Maldives, Nepal, Sri Lanka Potential Exports and Nontariff Barriers to Trade: Maldives National StudyThis diagnostic study aims to develop a better understanding of how sanitary and phytosanitary (SPS)
measures and technical barriers to trade (TBT) in Maldives negatively affect its trade potential. Selected export products from Maldives that could be traded more within the South Asia Subregional Economic Cooperation (SASEC) subregion are identified. The impact of SPS and TBT measures applied by importing SASEC member countries on these products are studied to gather possible reasons for consistent low levels of intraregional trade within South Asia, compared to trade with other countries. General and priority recommendations are provided to address the issues. Author: Asian Development Bank Year: 2019 Download Tags: Maldives, Trade, Sanitary and Phytosanitary Measures, Technical Barriers to Trade, Non-Tariff Measures SASEC Vision – MyanmarMyanmar serves as a land bridge between South Asia, Southeast Asia, and East Asia. This book identifies regional and subregional opportunities for Myanmar to harness natural and human resources, industrial potential, and infrastructure connectivity as part of the South Asia Subregional Economic Cooperation (SASEC) program. SASEC Vision – Myanmar serves to supplement the 2017 SASEC Vision document, which articulates shared aspirations of the SASEC countries and sets the path to achieve these through regional collaboration. Author: South Asia Subregional Economic Cooperation Program Year: 2019 Download Tags: SASEC, Trade Facilitation, Transport, Energy |
