South Asia Subregional Economic Cooperation: Trade Facilitation Strategic Framework 2014-2018

Asian Development Bank (adb), Asian Development Bank (adb) (), Asian Development Bank (adb) and Asian Development Bank (adb)
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Asian Development Bank (adb): South Asia Department, ADB
Asian Development Bank (adb): South Asia Department, ADB

No RPT146898-2, ADB Reports from Asian Development Bank (ADB)

Abstract: The South Asia Subregional Economic Cooperation (SASEC) Program brings together Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka in a project-based partnership to promote regional prosperity by improving cross-border connectivity, facilitating faster and less costly trade among member countries, and strengthening regional economic cooperation. Since 2001, the Asian Development Bank has invested support more than $5.6 billion through loan and grants to member countries that improve physical infrastructure, support reform processes and build capacity in the three key areas of SASEC—transport, trade facilitation, and energy. SASEC also creates knowledge platforms that promote a regular exchange of information and experience-sharing in the subregion and ensure that international best practices underpin and strengthen the planning of effective regional development initiatives. The Asian Development Bank serves as the SASEC Secretariat.

Keywords: regional prosperity; SASEC; Bangladesh; Bhutan; India; Maldives; Nepal; Sri Lanka; regional economic cooperation; transport; trade facilitation; and energy (search for similar items in EconPapers)
Pages: 24 pages
Date: 2014-10
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