Trade Facilitation

SASEC Trade Facilitation
Sector Strategy

  • Implement the SASEC Trade Facilitation Strategic Framework 2014-2018, focusing on customs modernization, standards and conformity assessment strengthening, cross-border facilities improvement, through transport facilitation, and institution and capacity building
  • Support the strategic priorities of South Asia Free Trade Agreement cooperation framework

Key Facts

  • The full potential of multimodal transport networks and logistics hubs will never be optimized without faster and least cost border-crossing points that facilitate trade and move people, goods, and vehicles more efficiently around the region
  • Business process analysis shows progress between 2006–2012 for certain products, yet average time and costs of trading across borders in South Asia is still relatively high in comparison with other developing regions

Key Challenges

  • Increasing intra-regional trade in South Asia, which made up only 4.3% of the region’s total trade in 2010
  • Eliminating barriers including lengthy administrative procedures, and unnecessary documentation requirements, and coordinating harmonized trade regulations
  • Establishing effective automation and streamlining of customs and security procedures
  • Building efficient transit arrangements
  • Strengthening cooperation between governments to create efficient and integrated border management arrangements, including single-window systems

Unlocking the Future: Faster, Cheaper Trade

  • Increasing intra-regional trade in South Asia by developing trade facilitation systems that meet international standards
  • Assisting SASEC member countries implement policy, regulatory, and institutional reforms for customs modernization and harmonization to reduce time and costs of trading across borders
  • Upgrading infrastructure at border-crossing points to facilitate intraregional trade in South Asia