SASEC News

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

Year:  

June 2017
India Proposes Regional Air Connectivity Scheme among BIMSTEC Countries

The Government of India has proposed application of its "Ude Desh ka Aam Naagrik" (UDAN) or "Common People of the Country can Fly" policy among member countries of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). An enabling regional connectivity policy could help attract high value economic agents, business travelers, and tourists.


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Tags:  IndiaBIMSTECTransportConnectivityBhutanMyanmarRegional Cooperation
 

May 2017
India to Link Meghalaya-Myanmar, Boost Waterway Transit

The Government of India plans to begin construction of the highway connecting Meghalaya to Myanmar in June 2017, according to the Ministry of Road Transport, Highways, and Shipping, India. India also plans to boost waterway transit for more cost-effective transport of goods, and is considering waterway connectivity between Myanmar and Bangladesh.


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Tags:  TransportIndiaMyanmarBangladeshSoutheast Asia
 

April 2017
India Cabinet Approves Signing of BIMSTEC Power Grid Pact

India's Union Cabinet, chaired by Prime Minister Narendra Modi, approved the ratification of the MOU for the Establishment of the BIMSTEC Grid Interconnection. The MOU is expected to be signed at the next BIMSTEC Energy Minsters' Meeting and provides a broad framework for energy trade among BIMSTEC member countries.


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Tags:  BIMSTECBangladeshBhutanConnectivityEnergyIndiaMyanmarNepalSri LankaThailand
 

April 2017
Bangladesh Wants to Be South Asia’s Transport Hub

Bangladesh has the potential to become a transport hub for India, Bhutan, Nepal, Maldives, Sri Lanka, and Myamar, according to Mr. AMA Muhith, Finance Minister, Bangladesh. Turning Bangladesh into a regional and transshipment hub would enhance economic cooperation and result in collective economic growth for the countries, Mr. Muhith said at the SASEC Finance Ministers’ Meeting in New Delhi, India.


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Tags:  BangladeshBhutanEconomic Corridor DevelopmentEnergyICTIndiaNepalMaldivesMyanmarSASECSouth AsiaSri LankaTrade FacilitationTransportRegional Cooperation
 

March 2017
SASEC Program Is Now on Facebook

SASEC is now on Facebook, connecting followers to the most up-to-date news on regional cooperation in South Asia, SASEC events, project information, and publications that are all featured daily on www.sasec.asia. To follow SASEC on Facebook, simply click here; then click “Like” at the top of the Facebook page.


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Tags:  SASECBangladeshBhutanIndiaMaldivesMyanmarNepalSri LankaRegional CooperationTradeEconomic cooperation
 

March 2017
India-Myanmar Border "Haats" Performing Well

Informal trading in the Northeast region's border 'haats' (rural markets) between India and Myanmar is doing very well, reported Mr. Najib Shah, Chairman of India's Central Board of Excise and Customs. The Government of India is considering opening more border haats to promote trade ties with its neighbors.


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Tags:  IndiaMyanmarTradeTrade FacilitationConnectivity
 

March 2017
BIMSTEC Roundtable Stresses Need to Resolve Border-Related Trade Barriers

The Eighth BIMSTEC Roundtable Meeting tackled “Rewriting the Rulebook of Regional Connectivity,” emphasizing the need to resolve border-related trade barriers through coordination of government policies across Asia, including Customs procedures and clearance of goods, to unlock the vibrancy of the Asian Highway and reduce the cost of doing business.


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Tags:  BIMSTECTradeCustomsBangladeshIndiaMyanmarICTNepalTransportEase of Doing Business
 

February 2017
India-Myanmar Trade Increases to $22 Million

Bilateral trade between India and Myanmar increased from nearly $11.9 million in 2013-2014 to around $22.2 million in 2015-2016, according to India's Ministry of Commerce and Industry. India's Act East Policy was instrumental in promoting trade growth between the two countries, deepening economic cooperation and expanding trade through India's Northeast region.


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Tags:  Act East PolicyIndiaMyanmarTradeTransport
 

February 2017
WTO’s Trade Facilitation Agreement Enters into Force

The World Trade Organization (WTO) Trade Facilitation Agreement came into force after Rwanda, Oman, Chad, and Jordan submitted their instruments of acceptance to WTO Director-General Roberto Azevêdo. The submissions bring the total number of ratifications over the 110 required for activation. Members’ trade costs are forecast to lower by 14.3%, with developing countries having the most to gain.


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Tags:  BangladeshIndiaLDCMyanmarNepalSri LankaTrade Facilitation AgreementWTO
 

February 2017
Myanmar Joins SASEC

The SASEC Secretariat is happy to announce that the Government of Myanmar has joined the SASEC partnership as a full member on 21 February 2017.


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Tags:  MyanmarSASEC
 

February 2017
Commentary: Connecting Asia's Growth Poles

Mr. Wencai Zhang, Asian Development Bank Vice President, discusses in this commentary how Asia’s growth poles will drive the global economy in the coming years, if South Asia, Southeast Asia, and East Asia can dynamically integrate their economies. He emphasized the urgent need to synch strengths across sub-regions—by removing non-tariff barriers, strengthening connectivity, and building economic corridors—to help erase poverty in the region.


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Tags:  ADBMyanmarBangladeshConnectivityEconomic Corridor Development
 

January 2017
Railway Network Linking India and its Neighbors Under Consideration

A railway network linking India and its neighboring countries, Bangladesh, Bhutan, Myanmar, and Nepal, is being considered by the Government of India, according to India Railway Minister Suresh Prabhu. Developing railway connectivity will increase employment, interaction, trade, and tourism.


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Tags:  IndiaRailBangladeshBhutanMyanmarNepalTradeTrade FacilitationTransportTourismEmployment
 

December 2016
4th Regional Customs Enforcement Meeting

The Directorate of Revenue Intelligence under the Central Board of Excise and Customs organized the 4th Regional Customs Enforcement Meeting in New Delhi, India, as part of its Founding Day celebrations. The Heads of Customs Enforcement from Sri Lanka, Myanmar, Bangladesh, Nepal, Bhutan, Mauritius and Maldives were invited to participate in the said Meeting, which discussed issues of mutual concern, noted the need to share information and activate channels of coordination.


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Tags:  CustomsTrade FacilitationSouth AsiaRegional CooperationIndiaSri LankaMyanmarBangladeshNepalBhutanMaldivesMyanmarTrade
 

December 2016
4th Regional Customs Enforcement Meeting

The Directorate of Revenue Intelligence under the Central Board of Excise and Customs organized the 4th Regional Customs Enforcement Meeting in New Delhi, India, as part of its Founding Day celebrations. The Heads of Customs Enforcement from Sri Lanka, Myanmar, Bangladesh, Nepal, Bhutan, Mauritius and Maldives were invited to participate in the said Meeting, which discussed issues of mutual concern, noted the need to share information and activate channels of coordination.


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Tags:  CustomsTrade FacilitationSouth AsiaRegional CooperationIndiaSri LankaMyanmarBangladeshNepalBhutanMaldivesMyanmarTrade
 

December 2016
India-Myanmar-Thailand Friendship Motor Car Rally Highlights IMT Connectivity

An India-Myanmar-Thailand Friendship Motor Car Rally, beginning in New Delhi, India and culminating in Bangkok, Thailand, has highlighted potential benefits of intra-regional connectivity and integration, and sensitized stakeholders on the all-weather road that will make travel from New Delhi to Bangkok by road possible.


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Tags:  IndiaMyanmarThailandIMT-MVATransportRoad
 

September 2016
ADB Approves $1.5 Billion Railway Project for Bangladesh

The Asian Development Bank has approved a multitranche loan of $1.5 billion to the Government of Bangladesh for construction of a key section of the Chittagong-Cox’s Bazar railway line—the largest ever investment in railways by ADB. The new line will improve Bangladesh’s access to Myanmar and beyond, facilitate trade, and boost tourism in southeastern Bangladesh.
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Tags:  BangladeshMyanmarRailConnectivityTransportTradeTourism
 

August 2016
India to Develop a Special Economic Zone in Myanmar

The Government of India is planning to develop an economic hub in the port city of Sittwe, Myanmar, that will help boost India's connectivity to Southeast Asia.


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Tags:  IndiaMyanmarSpecial Economic ZoneTransportTrade Facilitation
 

July 2016
Bus Service along IMT Route under Negotiation

Talks to implement a regular bus service between India and Thailand through Myanmar are underway as part of a Motor Vehicle Agreement being finalized by India, Myanmar, and Thailand (IMT). The service would run on the 1,400 kilometer IMT Trilateral Highway linking South and Southeast Asia.


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Tags:  IndiaMyanmarThailandTrade FacilitationTransport
 

June 2016
India, Thailand to Increase Trade through Trade Agreement

India and Thailand have agreed to speed up talks on the India-Thailand Free Trade Agreement and bilateral investment treaty. The two countries also agreed to fast-track infrastructure projects linking each other, such as the Asian Trilateral Highway connecting India and Thailand through Myanmar.


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Tags:  IndiaThailandMyanmarFree Trade AgreementTrade
 

May 2016
1,400 Kilometer Highway to Link India, Myanmar, and Thailand

A 1,400 kilometer highway will soon connect South and Southeast Asia by linking India with Myanmar and Thailand. Mr. Bhagwant Singh Bishnoi, Indian Ambassador to Thailand, noted that the tri-nation highway exemplifies India's "Act East" policy, and will facilitate transit of goods and further development of SMEs in north India. The three countries are currently working to finalize negotiations for the groundbreaking India-Myanmar-Thailand Motor Vehicle Agreement.
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Tags:  IndiaMyanmarThailandTrade FacilitationInfrastructureSmall and Medium Enterprises
 

May 2016
India, Myanmar Push for Stronger Economic Ties

The India-Myanmar Business Conclave met recently as part of a push for stronger economic ties between the two countries. At a conference on 18-20 May in Yangon, Myanmar, business leaders discussed partnerships as well as opportunities for future cooperation. Ms. Nirmala Sitharaman, Minister of State for Commerce & Industry of India, spoke on forging partnerships, highlighting India’s opening of 96.4% of tariff lines at zero duty for Myanmar.


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Tags:  MyanmarIndiaTradeEnergyICT
 

April 2016
Economic Cooperation Dialogue Highlights Need for Transport Corridors

The Economic Cooperation Dialogue on Regional Connectivity and Border Special Development Zones in Eastern South Asia highlighted the importance of transport corridors to promote trade and economic cooperation in the region. Dr. Nagesh Kumar, Head, UNESCAP Subregional Office for South and South-West Asia, shared how developing transport corridors can turn constraints faced by the region's landlocked countries into opportunities.
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Tags:  TradeTransportSouth AsiaMyanmarBangladeshBhutanIndiaNepal
 

December 2015
69 Bridges to be Built on Major Section of the IMT Trilateral Highway

A total of 69 bridges will be built by the Government of India along a major road link of the India-Myanmar-Thailand (IMT) Trilateral Highway in Myanmar. These bridges will be part of the route for a proposed bus service linking Imphal, capital of the Indian state of Manipur, with Mandalay City in Myanmar. The project is estimated to cost around $56 million, and is due for completion in mid-2019.
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Tags:  IndiaMyanmarThailandTrade FacilitationTransport
 

November 2015
Trial Runs for the IMT Motor Vehicle Agreement Begin in December

Trial runs to test the effectiveness of the India-Myanmar-Thailand (IMT) Motor Vehicle Agreement and identify implementation-related issues will begin by December 2015, according to India's Union Road Transport and Highway Secretary Vijay Chibber. Protocols for the IMT MVA are currently being finalized, to be signed by early April 2016.
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Tags:  IndiaMyanmarThailandTrade FacilitationTransport
 

August 2015
26 km Section of Asian Highway Linking IMT becomes Operational

The Myawaddy-Thin Gan Nyi Naung-Kawkareik section of the Asian Highway linking India, Myanmar, and Thailand (IMT) has become operational, reducing travel time between Thin Gan Nyi Naung and Kawkareik from 3 hours to 45 minutes. This section was constructed beginning 2012 with the assistance of Thailand, and is part of the Greater Mekong Subregion Program.
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Tags:  IndiaTransportMyanmarThailand