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Compiled features on recent developments in regional cooperation and integration in the SASEC region.

Year:
December 2021

ADB, India Sign Loan Agreement for the Industrial Corridor Development Program (Subprogram 1)

ADB and the Government of India signed a loan agreement for the Industrial Corridor Development Program (Subprogram 1). Under the Program, ADB will lend $250 million (about Rs 1,872 crore) support to India. Mr. Rajat Kumar Mishra, Additional Secretary, Ministry of Finance, signed on behalf of the Government of India, and Mr. Takeo Konishi, Country Director of ADB India Resident Mission, signed on behalf of ADB.

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Tags: ADB, India, Economic corridor, Investments, manufacturing, Logistics

June 2019

Nepal to Welcome Bangladesh Hydropower Investments

Nepal will welcome private and public sector investments from Bangladesh, said Energy, Water Resources and Irrigation Secretary, Nepal, Mr. Dinesh Kumar Ghimire. He said Nepal and Bangladesh are looking to boost trade and business with each other and should explore new areas of cooperation.

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Tags: Bangladesh, Energy, Hydropower, Investments, Nepal, Solar Energy

August 2017

India Minister of State for Commerce and Industry: India and ASEAN Must Step-up Efforts to Increase Trade

Ms. Nirmala Sitharaman, Minister of State for Commerce and Industry, India, urged India and member countries of the Association of Southeast Asian Nations (ASEAN) to bolster efforts to increase bilateral trade and investment, and improve road and sea transport links. She urged a review of the ASEAN-India Trade in Goods Agreement to facilitate elimination of technical barriers to trade, and promoted transformation of the India-Southeast Asia transport corridors into economic corridors.

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Tags: India, ASEAN, Bilateral Agreement, Investments, Roads, Transport

July 2017

SAARC Countries Urged to Focus on Removing Non-tariff Barriers

Mr. Younus Dagha, Federal Secretary of Commerce, Pakistan, has urged the South Asian Association for Regional Cooperation (SAARC) member countries to focus on removing non-tariff barriers to strengthen trade in the region. The region holds immense trade and investment potential, being home to 21% of the world's population.

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Tags: SAARC CCI, Investments, Trade, Bangladesh, Bhutan, India

November 2016

Conference Highlights Deepening Economic Integration, Boosting Connectivity in South Asia

Nepal Minister for Foreign Affairs Prakash Sharan Mahat urged conclusion of the SAARC Agreement on Promotion and Protection of Investment to deepen economic integration among South Asian countries, and emphasized the need to improve connectivity in the region at the inauguration of the Fourteenth Annual Conference of the South Asian Network of Economic Research.

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Tags: SAARC, Transport, Rail, Road, Investment, Investments, Nepal