SASEC News

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

Year:  

June 2017
Electronic Cargo Tracking System to Improve India-Nepal Cargo Traffic and Security

An electronic tracking system will soon ease traffic-in-transit for cargo traveling by road and rail from Kolkata to four major Customs points of Nepal, including the Raxaul route. Mr. Sandeep Kumar, Customs Commissioner, India, and Mr. Rabi Shanker Sainju, Commerce Ministry Joint Secretary, Nepal, signed a memorandum of intent to pilot the tracking system for a trial period of at least 90 days in late 2017.


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Tags:  Electronic Cargo Tracking SystemADBSASECNepalIndiaBBINCustomsRoadRailTransport
 

May 2017
SAARC Finance Ministers Meet in Yokohama, Japan

Finance ministers and senior officials of member countries of the South Asian Association for Regional Cooperation (SAARC), including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka met on 5 May at Yokohama, Japan, at the sidelines of the Asian Development Bank (ADB) 50th Annual General Meeting.


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Tags:  ADBBangladeshBhutanCentral AsiaClimate ChangeEnergyIndiaMaldivesNepalPolicyRegional CooperationSAARCSASECSri LankaTradeTransport
 

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
Nepal Government Ministries Urged to Collaborate to Manage Widening Export Gap

Low exports and rising imports are causing exponential growth in Nepal's trade deficit, according to Nepal’s Minister of Commerce, and he urged ministries, agencies, and the private sector to collaborate to bridge Nepal's widening export gap. The Ministry of Commerce has prioritized initiatives to promote Nepal's productive capacity.


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Tags:  BangladeshIndiaNepalTrade
 

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
Commentary: An Emergent Urgency for Bangladesh

Good connectivity reduces the cost of doing business and increases the competitive strengths of trading partners. In this commentary, Dr. Mustafizur Rahman, Executive Director, Centre for Policy Dialogue, highlights how a sanitary and phytosanitary agreement and an effective Bangladesh-Bhutan-India-Nepal Motor Vehicle Agreement would promote South Asian integration and step up Asia-wide cooperation.


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Tags:  BBINMotor Vehicles AgreementBangladeshBhutanIndiaNepalTransportEconomic corridor
 

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
ADB to Increase Support to Nepal to $1.2 Billion

ADB has allocated $843.8 million for Nepal for 2017-2019. An additional $356 million can be made available over the period for projects contributing to regional cooperation and integration and reduction of disaster risks, provided that Nepal continues to improve performance of its ongoing projects, according to Mr. Wencai Zhang, Vice President, ADB. 


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Tags:  NepalADBRegional CooperationInfrastructureEnergy
 

February 2017
ADB to Back Bangladesh Road Connectivity and Energy Trade

The Asian Development Bank (ADB) is ready to assist Bangladesh in its efforts to improve transport and energy connectivity. Mr. Wencai Zhang, Vice President, ADB, affirmed that ADB will continue to support Bangladesh in its goal of becoming a developed country by 2041, as well as in achieving the Sustainable Development Goals and minimizing climate change impact.


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Tags:  ADBBangladeshBhutanBBINCooperationDevelopmentMotor Vehicles AgreementEnergyInvestmentNepal
 

February 2017
India, Nepal Bilateral Meeting Discusses Operational Modality of New Transmission Lines

The Governments of India and Nepal discussed how to bring transmission line projects—the Dhalkebar (Nepal)-Muzaffarpur (India) transmission line, Raxaul (India)-Parwanipur (Nepal) transmission line, and Kataiya (India)-Kushaha (Nepal) transmission line—into operation. They agreed to increase the Dhalkebar-Muzaffarpur transmission line to 220 kVa capacity in May 2017, and begin electricity import through the Raxaul-Parwanipur and Kataiya-Kushaha transmission line.


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Tags:  IndiaNepalEnergyTransmissionHydropowerTradeElectricity
 

February 2017
Commentary: India Infrastructure: Connecting Bihar

The Ganges flows through the middle of Bihar, India, physically dividing it into north and south. Enhanced connectivity can improve lives and livelihoods, especially if the infrastructure is climate-sensitive. Ms. Saleha Waseem, Operations Communications Specialist at the Asian Development Bank’s South Asia Regional Department, shows how improving transport links would make a huge difference to millions of people.


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Tags:  ADBAgricultureBangladeshConnectivityDevelopmentEconomic corridorRegional CooperationIndiaNepalRoadServicesTransport
 

February 2017
Cooperation the Best Option for South Asia’s Growing Power Needs

Hydropower cooperation among Bangladesh, Bhutan, India, and Nepal could be a viable option for addressing growing power needs in the region, said Mr. Ainun Nishat, Professor Emeritus, Centre for Climate Change and Environmental Research, Brac University, Bangladesh. Nepal’s hydropower potential stands at 83,000 megawatts (MW), while Bhutan’s is at 40,000 MW and northeast India’s at 60,000 MW.


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Tags:  HydropowerEnergyRenewable EnergySustainabilityBangladeshBhutanIndiaNepal
 

January 2017
Nepal-India Oversight Mechanism Agrees to Expedite Project Implementation

The second meeting of the Nepal-India Oversight Mechanism, held on 30 January 2017 in Kathmandu, Nepal, reviewed progress of India-funded economic and development projects in Nepal, and agreed to expedite implementation of these projects for timely completion. Projects discussed included cross-border railways, integrated check posts, and cross-border transmission lines.


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Tags:  IndiaNepalRailHydropowerInfrastructureTransportEnergy
 

January 2017
Nepal Submits Instrument of Acceptance for Trade Facilitation Agreement

The World Trade Organization (WTO) Trade Facilitation Agreement (TFA) is getting closer to coming into force after Mr. Deepak Dhital, Nepal’s Ambassador to the WTO, submitted his country’s instrument of acceptance to WTO Director-General Roberto Azevêdo on 24 January 2017. Nepal is the 14th least developed country to ratify the TFA, which is expected to help reduce trade costs for WTO member countries.


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Tags:  NepalCustomsTrade Facilitation
 

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
 

January 2017
Report Highlights How Cross-Border Electricity Trade Will Benefit India and Nepal

The Integrated Research and Action for Development initiative has launched the analytical study “Economic Benefits from Nepal-India Electricity Trade,” confirming that a large economically feasible electricity export potential exists. Electricity trade can help boost Nepal's economy and improve the well-being of its people, and offers India an affordable and convenient renewable resource to meet demand.


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Tags:  HydropowerNepalIndiaEnergy
 

January 2017
Davos 2017: Accelerating South Asia's Growth and Development through Regional Cooperation

The interactive session “Harnessing Regional Cooperation in South Asia” held at the Annual Meeting of the World Economic Forum discussed how regional economic cooperation is helping accelerate growth and development. Bangladesh Prime Minister Sheikh Hasina emphasized continuous initiatives, in economic cooperation in South Asia, including SAFTA and SASEC. India Minister of State for Commerce and Industry Nirmala Sitharaman lauded initiatives to boost connectivity.


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Tags:  South AsiaRegional CooperationTrade FacilitationTransportBangladeshBhutanIndiaNepal
 

January 2017
India to Sign Customs Convention on International Transport of Goods

India is set to join the Transports Internationaux Routiers (TIR), or International Road Transport Convention in its bid to establish seamless trade connectivity with Southeast Asia and Eurasian countries. Through the TIR Convention, India could access Eurasia via the International North-South Transport Corridor. TIR would also give India an advantage in trade with fellow signatories of the Bangladesh, Bhutan, India, Nepal (BBIN) Motor Vehicles Agreement.


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Tags:  BangladeshBhutanIndiaNepalConnectivityCustomsEconomic corridorHarmonizationMotor Vehicles AgreementRoadRoadsTrade FacilitationTradeTransportBBIN
 

January 2017
Nepal Prepares to Implement the Customs Reform and Modernization Strategies and Action Plan 2017-2021

Nepal's Department of Customs is set to present the Customs Reform and Modernization Strategies and Action Plan (CRMSAP) 2017-2021 on 26 January 2017, International Customs Day. The CRMSAP 2017-2021 aims to implement provisions of the Revised Kyoto Convention, the World Trade Organization Trade Facilitation Agreement, and the Single Window System.


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Tags:  NepalCustomsTrade FacilitationSingle Window
 

January 2017
Commentary: Hydro-powering Regional Development in India and Nepal

Transboundary rivers between India and Nepal have huge hydropower and irrigation potential. Developing these rivers can become an engine for regional development, alleviating poverty for millions of people within a reasonable timeframe. With improved relations between Bangladesh, Bhutan, India and Nepal, formulating and implementing sustainable plans to manage these rivers presents a significant win-win opportunity for the subregion.


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Tags:  IndiaNepalHydropowerKosi RiverSustainabilityPoverty Reduction
 

January 2017
Nepal Customs Officers Undergo Training at NACEN

The National Academy of Customs, Excise and Narcotics (NACEN) held a capacity-building program for 35 Customs Officers from Nepal. The 5-day program discussed various Customs-related topics, including Customs valuation; World Trade Organization provisions; Customs reform; and use of risk management.


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Tags:  IndiaNepalTrade FacilitationCustomsFree Trade AgreementRisk ManagementWTO
 

January 2017
Nepal Parliament Ratifies the WTO Trade Facilitation Agreement

Nepal’s Parliament ratified the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) on 13 January 2017, drawing up the instrument of acceptance for the WTO TFA, whose implementation will help expand trade and attract foreign direct investment in Nepal by increasing transparency and effectiveness of the trading process.


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Tags:  NepalTrade FacilitationExportsCustomsFDILDCWTO
 

January 2017
Nepal Upgrades Hydropower Plant with India’s Help

Nepal has upgraded the Thame Khola Small Hydropower Plant in Namche VDC, Solukhumbu District, raising the plant’s capacity from 630 kilowatts (kW) to 930 kW. India provided assistance of $54,500 for the upgrade. The facility supplies power to the upper Khumbu valley, including 18 villages of Khumjung and Namche VDC.


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Tags:  HydropowerNepalIndiaEnergy
 

December 2016
Commentary: Bhutan and Nepal: Two "Least Developed Nations" that Could Change Face of Asia

Least Developed Countries (LDCs) comprise around 880 million people yet account for less than 2% of the world gross domestic product. South Asian countries can accelerate economic development and graduate from the LDC category by working with each other. The economic future of their people could change radically through collaboration between the countries and lift millions of people out of poverty.


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Tags:  BhutanNepalBBINConnectivityEnergySAARCSri LankaTradeUNCTAD
 

December 2016
Regional Workshop Highlights Achievements of the SASEC Information Highway Project

A Regional Workshop on the SASEC Research and Training Network was held to assess the results and achievements of the SASEC Information Highway Project. The Meeting reviewed project implementation, discussed knowledge products, and summarized project benefits to rural communities. It also proposed ways to facilitate sustainable ICT cooperation among the four countries.


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Tags:  ICTSASECADBBangladeshBhutanIndiaNepal
 

December 2016
Commentary: Nepal Hydropower to Bring Economic, Social, and Environmental Benefits

Nepal’s hydropower potential could be realized with an efficient technological base, entrepreneurial vision, a coordinated power trading approach, and sustained investment commitment. Hydropower development would bring economic, social, and environmental benefits in Nepal and the rest of the South Asian region. In this speech delivered at the Power Summit, Nepal Prime Minister Pushpa Kamal Dahal vowed to support domestic and foreign investors through a policy encouraging investment.


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Tags:  DevelopmentEnergyHydropowerIndiaInvestmentNepalPrivate SectorRegional CooperationTrade
 

December 2016
ADB Strategic Climate Fund Boosts the Nepal SASEC Power System Expansion Project Fund

The Asian Development Bank (ADB) has approved an additional $20 million for the SASEC Power System Expansion Project in Nepal, to be provided by the ADB Strategic Climate Fund. This additional financing will support installation of utility-scale solar photovoltaic systems by 2018. The Government of Nepal is also providing complementary funding of $24.5 million.


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Tags:  EnergyNepalTradeHydropowerADBSASECClimate ChangeRenewable EnergySustainabilityRegional CooperationRegional IntegrationSolar EnergyIndia
 

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
SASEC Portfolio Tops $9 billion

The SASEC project portfolio has surpassed the $9 billion mark with the December 2016 approval of Nepal’s SASEC Roads Improvement Project, worth $256.5 million. There are now 44 SASEC investment projects worth a cumulative $9.13 billion. During 2016, seven projects have been approved for a total of $2.37 billion.


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Tags:  SASECTrade FacilitationEnergyTransportRoadsNepalBangladeshBhutanICTRailEconomic corridorConnectivity
 

December 2016
SASEC Roads Improvement Project to Boost Nepal's Transport Connectivity and Export Competitiveness

The Asian Development Bank has approved a loan for $187 million to Nepal for the SASEC Roads Improvement Project, which will upgrade transport connectivity and bring transformational gains by making social services more accessible, opening up previously untapped economic opportunities, and supporting trade between Nepal and India.


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Tags:  SASECTransportNepalConnectivityADBServicesTrade
 

November 2016
Nepal's Third Country Trade through Vizag Port Moves Forward

A notification for moving export and import cargo to and from Nepal through Visakhapatnam (Vizag) Port in Andhra Pradesh, India, was issued by the Nepal Department of Customs. This follows the go-ahead given by the Central Bank of Nepal to issue letters of credit to clients using Vizag Port to bring in trade. Furthermore, the Government of Nepal is considering establishing a consulate in Andhra Pradesh to ensure more efficient utilization of Vizag Port.


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Tags:  NepalIndiaTrade FacilitationPortsImportsExportsLLDC
 

November 2016
Bangladesh-Nepal Road Route Survey to be Held in December

Government officials of Bangladesh and Nepal will conduct a joint survey on a potential road route under the Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicle Agreement (MVA), starting from5 December 2016. It will check road conditions, length of travel, and necessary infrastructure to ensure seamless movement of vehicles.


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Tags:  BangladeshNepalBBINTrade FacilitationTransport
 

November 2016
Online Alert System for SPS/TBT Notifications Launched

EPing, an online alert system for updates on the latest information on regulatory requirements for international trade, was launched by the United Nations Department of Economic and Social Affairs, the World Trade Organization, and the International Trade Centre. The system enables access to WTO member notifications on TBT and SPS measures, and facilitates dialogue among the public and private sector in the early stages of potential trade issues.


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Tags:  Trade FacilitationTechnical Barriers to TradeSanitary and PhytosanitaryTradeWTOBangladeshBhutanIndiaMaldivesNepalSri Lanka
 

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:  SAARCTransportRailRoadInvestmentInvestmentsNepal
 

November 2016
SASEC Operational Plan Launched in Nepal

The SASEC Operational Plan, which aligns and brings together all SASEC sectoral strategies, was launched in Kathmandu, Nepal. With 37 of the 200 planned projects set to be implemented in Nepal, the Government’s policy reform efforts to integrate with global markets is set to receive a significant boost.


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Tags:  NepalSASEC Operational PlanTrade FacilitationTransportEnergy
 

October 2016
India-Nepal Panel Formed to Implement Bilateral Projects

A high-level panel formed by the Governments of India and Nepal will work to address bottlenecks in infrastructure projects in Nepal funded by the Government of India—including hydropower projects, roads and railways—to ensure their timely completion.


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Tags:  IndiaNepalRailTransportEnergy
 

October 2016
Power Trade to Help South Asian Countries Save $9 Billion Annually, Reduce Emissions

South Asian countries should engage more in regional energy trade and joint management of resources. By doing so, they could save over $9 billion annually and reduce carbon emissions by 8%. And since energy drives development, energy cooperation and trade is expected to translate to improved standards of living and poverty reduction.


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Tags:  EnergyHydropowerSouth AsiaBangladeshBhutanIndiaMaldivesNepalSri Lanka
 

October 2016
Bangladesh and Nepal Prime Ministers Keen on Hastening South Asian Integration

Bangladesh and Nepal officials have emphasized the need to both hasten and deepen integration among South Asian countries through the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Bangladesh Prime Minister Sheikh Hasina said the region must work to finalize BIMSTEC Free Trade Area Framework Agreement deals to boost trade in the region. Nepal Prime Minister Pushpa Kamal Dahal stated that BIMSTEC can be a dynamic engine for growth and development.


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Tags:  BangladeshNepalBIMSTECRegional CooperationFree Trade Agreement
 

October 2016
Nepal Commerce Minister Stresses Implementation of BIMSTEC FTA, BTILS

Mr. Romi Gauchan Thakali, Minister for Commerce, Nepal, emphasized the need to finalize and implement the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Free Trade Area (FTA) Framework Agreement, to help boost growth among least developed and developing nations in South and Southeast Asia. He also highlighted implementation of the BIMSTEC Transport Infrastructure and Logistics Study.


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Tags:  BIMSTECTradeNepalTransport
 

October 2016
Bangladesh and Nepal to Undertake Joint Hydropower Investments

The Governments of Bangladesh and Nepal have agreed to undertake joint investments in hydropower plants in Nepal, to generate electricity, including energy exports to Bangladesh. The two countries signed a deal to set up two hydropower plants capable of generating 1,500 megawatts.


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Tags:  BangladeshEnergyNepal
 

October 2016
Commentary: The Case for Stronger Ties in South Asia

In recent years, countries in South Asia have shown increasing commitment to deepening regional cooperation through bilateral agreements and regional initiatives, including the Bangladesh-Bhutan-India-Nepal Motor Vehicles Agreement. This commentary by Ms. Nahela Nowshin of the Centre for Policy Dialogue discusses the importance of regional initiatives in South Asia, as well as the need to promote dialogue on matters of regional cooperation and connectivity.


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Tags:  Trade FacilitationTransportBangladeshBhutanIndiaNepal
 

October 2016
Simplified Customs Process to Benefit Emerging Domestic Brands

A new Customs inspection and verification procedure is changing how trade is conducted among South Asian countries. Through the BBIN Motor Vehicles Agreement, cargo and passenger vehicles may now pass through the four countries more smoothly. The simplified process greatly benefits apparel-centric economies, making South Asia more competitive for both global and domestic brands.


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Tags:  BBINCustomsTrade FacilitationGarmentsImportsMotor Vehicles AgreementBangladeshIndiaNepal
 

October 2016
ADB Advances Harmonization of SPS/TBT Measures in the SASEC Subregion

The Asian Development Bank is helping countries in the SASEC subregion harmonize two technical non-tariff measures, Sanitary and Phytosanitary (SPS) Measures and Technical Barriers to Trade (TBT), to enhance intraregional trade. Under this initiative, a national diagnostic study on SPS and TBT will be conducted in the six SASEC member countries, to be led by core committees formed by the six governments, in consultation with trade experts.


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Tags:  Trade FacilitationNon-tariff MeasuresBangladeshBhutanNepal
 

September 2016
SASEC Countries Gear Up for Greater Economic Cooperation

The six member countries of the South Asia Subregional Economic Cooperation Program have launched the SASEC Operational Plan for 2016-2025. The plan expands the program’s focus beyond intraregional cooperation to deepening linkages with Southeast and East Asia, and widens the scope of transport, trade facilitation, and energy cooperation to include economic corridor development as a priority initiative. The plan also lists more than 200 potential regional projects for South Asia.


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Tags:  ADBSASECEconomic corridorBangladeshBhutanIndiaMaldivesNepalSri Lanka
 

September 2016
Nepal Trade Portal Launched to Support Nepal Trade and Investment

The Government of Nepal launched the Nepal Trade Portal, a one-stop shop for official information on trade procedures and requirements for Nepali business. Featuring essential information for traders, the online portal aims to improve the way trade and business is conducted, and to facilitate cross-border trade by providing easy access to legal documents, forms and procedures in both English and Nepali.


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Tags:  NepalTrade FacilitationExportsImports
 

September 2016
13th SAARC Trade Fair Held in Thimphu

The 13th SAARC trade fair was held in Thimphu, Bhutan, to promote intra-regional trade and investment among SAARC countries. In his opening address, Mr. Lekey Dorji, Bhutan Economic Affairs Minister, underscored the importance of fostering business links among companies in the region to accelerate economic growth and improve people's well-being.


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Tags:  SAARCTradeSouth AsiaBhutanBangladeshIndiaNepalMaldivesSri Lanka
 

September 2016
Nepal Parliament Ratifies Protocol of Amendments to the Revised Kyoto Convention

The Nepal Parliament ratified the Protocol of Amendments to the International Convention on the Simplification and Harmonization of Customs Procedure (Revised Kyoto Convention) on 9 September 2016, tabled by Mr. Krishna Bahadur Mahara, Nepal Deputy Prime Minister and Finance Minister. The ratification is expected to boost the capacity of Nepal Customs to facilitate trade.


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Tags:  NepalTrade FacilitationCustoms
 

September 2016
Seminar Emphasizes Need to Attract More FDI for Nepal's Hydropower Sector

A 'Foreign Direct Investment (FDI) in Hydropower' forum in Kathmandu, Nepal stressed the need for more FDI in hydropower projects. According to Nepal Minister for Energy Janardan Sharma, Nepal needs more investment to be able to fully harness its hydropower capacity. The Power Trade Agreement signed by Nepal and India promises a huge market for Nepal's hydroelectricity.


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Tags:  NepalInvestmentHydropowerEnergyIndiaExports
 

September 2016
Second BBIN Trial Run Demonstrates Benefits of BBIN MVA

A new chapter in trade relations and people-to-people contact between Bangladesh, Bhutan, India, and Nepal (BBIN) began on 5 September 2016, as a Bangladeshi cargo truck rolled into the Customs Inland Container Depot, Patparganj, Delhi. Though the vehicle entered India through Petrapole Land Customs Station, Customs clearance was done at the ICD, Patparganj, as part of a trial run of the BBIN Motor Vehicles Agreement.


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Tags:  BBINTrade FacilitationTransportMotor Vehicles AgreementBangladeshBhutanIndiaNepal
 

September 2016
SAARC Ministers Push for Economic Union

Finance Ministers from the eight South Asian Association for Regional Cooperation (SAARC) member states are pushing for the formation of a South Asian Economic Union (SAEU) to ensure larger inflow of investments, higher trade volumes, and energy generation. The ministers highlighted the need to fast-track the formation of the SAEU to help boost the inflow of investments and trade volumes.


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Tags:  SAEUSAARCTradeEnergyTrade FacilitationBangladeshIndiaBhutanMaldivesNepal
 

August 2016
SAARC Framework Agreement for Energy Cooperation Endorsed by Nepal Parliament

The Parliament of Nepal has endorsed the South Asian Association for Regional Cooperation (SAARC) Framework Agreement for Energy Cooperation, enabling the 8 SAARC member countries to conduct cross-border electricity trade. Under the Agreement, SAARC member states have agreed to provide non-discriminatory access to the regional transmission grids.


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Tags:  EnergyNepalSAARC
 

August 2016
SAARC Finance Ministers Meeting Focuses on Trade, Taxation

The South Asian Association for Regional Cooperation (SAARC) Finance Ministers’ Meeting focused on improving trade relations among member nations. Discussions revolved around economic issues, Customs unions, avoidance of double taxation, improving connectivity, increasing trade volume, and developing supply chain linkages.


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Tags:  SAARCIndiaTradeBangladeshBhutanMaldivesNepalSri LankaConnectivityCustomsSASECTrade
 

August 2016
BBIN MVA to Boost Infrastructure Development in the Subregion

The Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement (MVA) is set to boost infrastructure development in the BBIN subregion. Bangladesh will see significant increase in cargo movement, enabling India to access its Northeast region, and helping facilitate third-country trade of landlocked Bhutan and Nepal. However, major investments in infrastructure are needed to maximize Bangladesh’s potential to become a transport and transshipment hub.


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Tags:  BangladeshBhutanIndiaNepalTrade Facilitation
 

August 2016
Nepal Energy Ministry Advances Preparation for Nepal-Bangladesh Energy Cooperation

Preparations to sign a power trade agreement between the Governments of Nepal and Bangladesh are underway, with the Energy Ministry of Nepal finalizing a draft memorandum of understanding on Nepal-Bangladesh energy cooperation. The draft outlines protocols for conducting energy trade between the two countries, in line with the South Asian Association for Regional Cooperation Framework Agreement for Energy Cooperation.


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Tags:  BangladeshNepalEnergySAARC
 

August 2016
India Begins Operations on the Varanasi-Haldia River Route

Mr. Nitin Gadkari, Road Transport and Shipping Minister, India, led the inauguration of the Varanasi-Haldia inland waterway route, laying the foundation stone for an inland waterway terminal, and flagging off a trial run of two cargo vessels from Varanasi to Haldia Port near Kolkata, a route that touches Nepal’s two major rivers—Koshi and Gandaki.


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Tags:  IndiaNepalTrade FacilitationTransport
 

August 2016
Banglabandha Land Port Improvement to Support Rising Bangladesh-Nepal Trade

The Ministry of Shipping, Government of Bangladesh, has ordered upgrading of the Banglabandha Land Port to cater to rising trade with Nepal. This includes improving and building new loading and unloading sheds, and other needed infrastructure, such as warehouses, vehicle parking, and the road leading to the port.


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Tags:  ShippingBangladeshNepalTransportBBIN
 

August 2016
Visakhapatnam Port Getting Ready for Nepal's Third Country Trade

Nepal private sector representatives, including members of the Nepalese Chambers of Commerce and Industry, the Nepal Freight Forwarders' Association, and India port authorities from Kolkata and Visakhapatnam, met to discuss measures needed to bring India's Visakhapatnam Port into full-fledged operation for Nepal's third country trade, and simplifying clearing processes for Nepal-bound cargoes.


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Tags:  IndiaNepalTrade Facilitation
 

July 2016
Nepal Freight Forwarders Urge Early Operationalization of Vizag Port

Freight forwarders in Nepal have urged early operationalization of the Vizag Port in India as an alternative port for Nepal trade. According to the Nepal Freight Forwarders Association, ocean freight costs, Customs house agent charges, and other logistic costs can be reduced by directing trade through Vizag Port.


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Tags:  NepalShippingTrade Facilitation
 

July 2016
SASEC Investment Projects Top $7.7 Billion

South Asia Subregional Economic Cooperation (SASEC) investment projects increased to a cumulative $7.66 billion in the areas of transport, energy, trade facilitation, and ICT with the recent approval of India’s Bihar New Ganga Bridge Project. To date, 40 SASEC-supported projects are helping member countries strengthen regional connectivity infrastructure, promote economic growth, and foster regional cooperation. In addition, there are now 71 technical assistance projects worth $66.14 mi
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Tags:  SASECEnergyTrade FacilitationTransportSouth AsiaADBICTBangladeshBhutanIndiaMaldivesNepalSri LankaEconomic Corridor Development

 

July 2016
Bangladesh Road Transport and Bridges Minister: BBIN MVA May Start in December

Implementation of the Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement (MVA) may start in December, according to Bangladesh Road Transport and Bridges Minister Obaidul Quader, while speaking at a closing ceremony of a drivers' training on road safety.


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Tags:  BBINTrade FacilitationTransportBangladeshBhutanIndiaNepal
 

July 2016
Investment Board Nepal Endorses Energy Demand and Supply Study

The 24th meeting of the Investment Board Nepal (IBN) endorsed the "National Energy Demand and Supply Study," which was undertaken to address the issue of latent demand and come up with a more realistic demand forecast for energy. According to the study, Nepal's energy demand will reach around 10,000 megawatts by 2030. Electricity will also have a dominant share of energy in Nepali households.


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Tags:  EnergyTradeNepal
 

July 2016
India's National Green Tribunal Approves Delhi-Kathmandu Bus Service

India's National Green Tribunal has approved registration of a Delhi-Kathmandu bus service by the Delhi Transport Corporation, offering transit between select destinations in India and Nepal. The bus service was launched to further enhance economic ties between the two countries


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Tags:  IndiaNepalTransport
 

July 2016
Blog: Is South Asia ready for a Regional Motor Vehicles Agreement?

Bangladesh, Bhutan, India and Nepal (BBIN) signed a landmark Motor Vehicles Agreement (MVA) meant to allow smooth passage of goods and passenger vehicles in each other’s territories. In this blog post, Sanjay Kathuria, Lead Economist and Coordinator, South Asia Regional Integration, Trade and Competitiveness Global Practice, World Bank, asks if South Asia is truly ready for such a regional agreement.


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Tags:  South AsiaTransportTrade FacilitationBangladeshBhutanIndiaMaldivesNepalSri Lanka
 

July 2016
Commentary: 800 Million Reasons

Mr. Hun Kim, Director General, South Asia Department, ADB, describes how partnership of 6 South Asian countries through the ADB-supported South Asia Subregional Economic Cooperation (SASEC) Program is helping propel economic growth in South Asia, amidst an uncertain regional and global economic climate, by working to increase trade volumes to reduce the number of impoverished people in the region.


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Tags:  Regional CooperationSouth AsiaEnergyTrade FacilitationTransportBangladeshBhutanIndiaMaldivesNepalSri Lanka
 

June 2016
ADB Blog: Why We Should Be Happy When SASEC Customs Officials Talk More

Meetings between Customs officials from SASEC member countries reaps benefits for the SASEC subregion and beyond, providing a platform for officers to decide the next steps in improving cross-border coordination and cooperation to resolve bottlenecks for trade at the borders. An Asian Development Bank (ADB) blog post by Ms. Rose McKenzie, Senior Regional Cooperation Specialist, Regional Cooperation and Operations Coordination, South Asia Regional Department, ADB, is shared.


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Tags:  CustomsTrade FacilitationRegional CooperationICTBBINBangladeshBhutanIndiaMaldivesNepal
 

June 2016
Planned Longest River Bridge in India to Link to Nepal, Could Benefit 9 Million People

The Asian Development Bank has approved a $500-million loan to build a bridge across the Ganges River that will link India and Nepal. The 9.8-kilometer bridge will be India’s longest river bridge and will help people move between jobs and markets. It is projected to benefit 9 million people, especially those in poorer communities.


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Tags:  IndiaNepalTransport
 

June 2016
Speech: The Future of Energy Demand

Greatly increased energy consumption is powering economic transformation in Asia and the Pacific, but also contributing to higher greenhouse gas emissions. The devastating effects of climate change are already being felt in the region. In this speech delivered at the Pacific Energy Summit on 24 June 2016 in Singapore, Bambang Susantono, Vice-President for Knowledge Management and Sustainable Development, Asian Development Bank, looks at the challenges faced by Asia’s growing economies a
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Tags:  ADBEnergyHydropowerClimate ChangeBhutanIndiaNepal

 

June 2016
India to Begin Work on Bihar New Ganga Bridge Project

India is set to begin work on the Bihar New Ganga Bridge Project, which is expected to become the longest river bridge in India at 9.8 kilometers (km). The road bridge spanning the Ganges River will improve transport connectivity between north and south Bihar, India, and enhance the existing road corridors between India and Nepal. ADB is providing $500 million for the project and $900,000 in technical assistance to improve bridge operation and management.


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Tags:  IndiaNepalTransportRoadBridge
 

June 2016
Visakhapatnam Port Inaugurated as Nepal's Second Gateway Port

Cargo bound for Nepal was flagged off symbolically from Visakhapatnam Port in India on 24 June 2016, signaling to traders that the port is ready to facilitate exports and imports as Nepal's second gateway port. A delegation from Nepal is in Visakhapatnam to see through implementation of the agreement and discuss modalities of cargo transit with Customs officials from India.


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Tags:  NepalIndiaPortsTrade FacilitationTransport
 

June 2016
ADB Blog: High Hopes for BBIN Vehicle Agreement, One Year On

The Bangladesh-Bhutan-India-Nepal (BBIN) Motor Vehicles Agreement is a landmark framework agreement signed by the transport ministers of the BBIN countries last June 2015 in Thimphu, Bhutan. Mr. Ronald Butiong, Director, Regional Cooperation and Operations Coordination, South Asia Regional Department, Asian Development Bank (ADB), describes how it is paving the way for a more integrated and more prosperous South Asian region in an ADB blog entry.


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Tags:  BBINTrade FacilitationTransportBangladeshBhutanIndiaNepal
 

June 2016
Bhutan, Nepal, and Sri Lanka Look Into Setting up Trade Portals

Bhutan, Nepal, and Sri Lanka have expressed interest in adopting best practices of the Indian Trade Portal in setting up their own trade portals to promote international trade. Trade portals to be set up by Bhutan and Nepal will also be useful for cargo being routed through India, and will contribute to the common documentation system needed to implement the World Trade Organization's Trade Facilitation Agreement.


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Tags:  BhutanIndiaNepalSri LankaTrade PortalTrade FacilitationSASECCustomsTrade
 

June 2016
Nepal PM Stresses Importance of South Asia Regional Cooperation

Prime Minister of Nepal, Mr. KP Sharma Oli emphasized the importance of enhancing regional cooperation in South Asia, at the June 2016 SAARC Cabinet Secretaries Meeting held in Kathmandu, Nepal, where member states gathered to discuss good governance and how to resolve governance issues in the region.


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Tags:  NepalSAARCGovernanceRegional Cooperation
 

June 2016
SAARC CCI and SAARC Development Fund to Co-finance Projects

The South Asian Association for Regional Cooperation (SAARC) Development Fund (SDF) and SAARC Chamber of Commerce and Industry have pledged to collaborate and co-finance projects under the SDF's social, economic and infrastructure windows to promote regional connectivity across the SAARC region.
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Tags:  SAARC CCISAARCRegional CooperationBangladeshBhutanIndiaMaldivesNepalSri LankaTradeTransport
 

June 2016
Dedicated Railway Line from Indian Ports to Nepal Sought to Reduce Cost of Trade

Nepal's private sector stakeholders are seeking a dedicated railway line from Nepal to Indian sea ports, including the Visakhapatnam Port, to reduce the cost of trade in the country. Mr. Rajan Sharma, Transport and Transit Committee Chair of the Federation of Nepalese Chambers of Commerce and Industry, noted that direct access to India's Visakhapatnam Port could bring transformational changes to Nepal's economy.
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Tags:  NepalIndiaTrade FacilitationTransport
 

June 2016
Nepal Power Summit Declares Need for $20 Billion to Develop 10,000 MW

The 2-day Nepal Power Investment Summit 2016 concluded with a declaration that Nepal needs $20 billion to develop 10,000 megawatts through on-grid hydropower projects in the next decade. It also noted investment needs of $5 billion for high-voltage transmission projects and other opportunities in the country's hydropower sector.
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Tags:  NepalEnergyHydropower
 

May 2016
India, Nepal Energy Bank Proposed

Nepal has forwarded a proposal to set up an India-Nepal energy bank that would help both countries address the problem of power shortage at a meeting of the India-Nepal Joint Standing Committee. The energy bank would enable Nepal to export electricity to India during summer and import electricity from India during winter.
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Tags:  IndiaNepalEnergyHydropower
 

May 2016
ADB, SDF Sign Pact to Co-finance Development Projects

The South Asian Association for Regional Cooperation Development Fund (SAARC SDF) and the Asian Development Bank (ADB) have signed a memorandum of understanding to undertake development projects in the South Asian region.
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Tags:  ADBTransportSAARCICTTradeBhutanIndiaNepal
 

May 2016
Nepal Revises NTIS List of Goods, Services with Export Potential to Boost Competitiveness

The Government of Nepal has streamlined the Nepal Trade Integration Strategy's (NTIS) list of high value goods and services with export potential, reducing the items from 19 to 12, to promote competitiveness and increase production capacity. According to Nepal Commerce Minister Jayanta Chand, the revised NTIS will allow the Government to focus on enhancing the supply chain.
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Tags:  NepalExportsTrade Integration
 

May 2016
King of Bhutan Emphasizes Bangladesh-Bhutan-India-Nepal Cooperation

Bangladesh Foreign Minister Abul Hassan Mahmood Ali paid a courtesy call on the King of Bhutan Jigme Khesar Namgyel Wangchuck. The King lauded Bangladesh Prime Minister Sheikh Hasina's initiatives to boost Bangladesh-Bhutan bilateral relations, and emphasized the Bangladesh-Bhutan-India-Nepal (BBIN) cooperation as a platform to achieve regional prosperity.
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Tags:  BhutanBangladeshBBINIndiaNepalTransportRegional Cooperation
 

May 2016
Bangladesh-Nepal Commerce Secretary-level Meeting Move to Increase Bilateral Trade

A bilateral meeting led by Bangladesh Senior Commerce Secretary Hedayetullah Al Mamoon and Nepal Commerce Secretary Naindra Prasad Upadhyay initiated a number of measures to expand trade volume between the two countries, including removal of technical barriers to trade, harmonization of sanitary and phytosanitary measures, and preferential market access for 158 products.
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Tags:  BangladeshNepalTradeStandards HarmonizationTechnical Barriers to Trade
 

May 2016
Bangladesh-Bhutan-India-Nepal Economic Zone May be Formed

A Bangladesh-Bhutan-India-Nepal (BBIN) economic zone may be declared in an upcoming BBIN seminar and business expo to be held in Siliguri, India, according to Mr. Abdul Matlub Ahmad, President, Federation of Bangladesh Chamber of Commerce and Industry (FBCCI). Mr. Ahmad was in Thimphu, Bhutan to discuss the upcoming BBIN seminar, as well as opportunities for trade and investment between Bangladesh and Bhutan.
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Tags:  Economic zoneBBINTradeBangladeshBhutanIndiaNepal
 

April 2016
WCO Workshop Considers Improvement of Regional Transit Regimes in BBIN Subregion

A World Customs Organization (WCO) Subregional Workshop on Transit Corridors in South Asia considered improvement of regional transit regimes in the region. Progress of the Bangladesh, Bhutan, India and Nepal (BBIN) Motor Vehicle Agreement, as well as national experiences of Japan, Switzerland and Malawi in implementing efficient transit regimes, was discussed.
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Tags:  Trade FacilitationTransportBBINBangladeshBhutanIndiaNepal
 

April 2016
Bangladesh, Bhutan, India, Nepal Railway Agreement Proposed to Boost Multimodal Connectivity

A railway agreement in the Bangladesh, Bhutan, India, Nepal (BBIN) subregion is being proposed, in line with expansion of railway links boosting connectivity between India's Northeast and its BBIN neighbors. According to Mr. Mukul Kumar, Director (Transport), Railway Board, Ministry of Railways, Government of India, this initiative will facilitate cross-border transport of goods and people, and enable efficient multimodal transport system to integrate and sustain the region's economic growth.
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Tags:  BBINRailTransportBangladeshBhutanIndiaNepal
 

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
 

April 2016
Central Safeguard Unit to Help Coordinate Nepal SASEC Power System Expansion Project

The Nepal Electricity Authority (NEA) and the Asian Development Bank (ADB) will create a 'central-level safeguard unit' to focus on preparation of the ADB-supported SASEC Power System Expansion Project in Nepal. The unit will comprise a team of professionals and experts, who will coordinate project issues at the local level, including land acquisition, forest clearance, and right of way.
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Tags:  ADBNepalEnergy
 

April 2016
Commentary: Political Economy of Regional Integration: Where Do We Stand in South Asia?

Dr. Selim Reihan notes that drivers of political economy can impact the region's integration agenda. In this essay, Dr. Raihan highlights the importance of exploring the political economy of regional integration to generate a better assessment of the factors driving and constraining regional integration, and create broader awareness among stakeholders to stimulate a more realistic and effective regional policy design and processes.


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Tags:  Economic corridorBhutanIndiaBangladeshNepalMaldivesSri LankaSAARCSAFTAServicesSouth AsiaInfrastructureTrade FacilitationTransport
 

April 2016
Promoting Trade in the BBIN Subregion Dialogue Discusses Need to Reduce NTMs

A Metropolitan Chamber of Commerce and Industry (MCCI) dialogue on promoting trade in the Bangladesh-Bhutan-India-Nepal (BBIN) subregion has discussed intraregional trade in South Asia, which remains under 5% despite implementation of the South Asia Free Trade Agreement. According to MCCI, non-tariff measures manifested as non-tariff barriers and para-tariff barriers lead to high transaction costs in cross-border trade, keeping trade volume low.
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Tags:  TradeBBINSAFTABangladeshBhutanIndiaNepal
 

March 2016
ADB Vice President Zhang: Broader, Deeper Regional Cooperation and Integration Could Turn Nepal into Land-Connected Country

Mr. Wencai Zhang, Vice-President, Asian Development Bank, discussed ways to accelerate Nepal's economic structural transformation with policy makers, scholars, and Government officials in “Envisioning Nepal 2030”, an international seminar jointly organized by the National Planning Commission and ADB. In his address, he discussed how regional cooperation and integration could turn Nepal from a landlocked to a land-connected country.
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Tags:  NepalEnergyAirportsHydropowerLLDC
 

March 2016
Industrial Park and Connectivity on SAARC CCI Agenda

The development of a SAARC Industrial Park is one of the top priorities of the SAARC Chamber of Commerce and Industry (SAARC CCI), and will enable the sharing of technical knowledge for industries and services among SAARC countries, and promote intra-SAARC trade and investment, according to new SAARC CCI President Suraj Vaidya. SAARC CCI will also work toward boosting connectivity in the region.
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Tags:  SAARC CCIConnectivityPrivate SectorNepal
 

March 2016
Bangladesh Minister for Information Discusses Energy Cooperation between Bangladesh and Nepal

The need to ramp up cooperation in energy between Bangladesh and Nepal was discussed by Bangladesh Minister for Information Hasanul Haq Inu at an interaction organized by the Nepal Reporters’ Club. According to the Minister, Bangladesh has already forwarded a proposal for transmission of energy from Nepal.
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Tags:  BangladeshEnergyNepal
 

February 2016
India and Nepal Exchange Transit Agreements Boosting Nepal's Third Country Trade

India Prime Minister Narendra Modi and Nepal Prime Minister KP Sharma Oli—on his first state visit since assuming office in October 2015—held comprehensive talks in New Delhi, and witnessed the signing of several agreements, including letters of exchange on transit and rail. These agreements will help promote Nepal's trade with third countries by making transport more efficient and less costly.
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Tags:  IndiaNepalTrade FacilitationTransit Facilitation
 

February 2016
Regional Economic Connectivity Initiatives to Change Bangladesh Business Landscape

Regional economic connectivity initiatives, including the Bangladesh-Bhutan-India-Nepal Motor Vehicle Agreement, can change the business landscape of Bangladesh, said Bangladesh Foreign Secretary Md. Shahidul Haque at a meeting of the Metropolitan Chamber of Commerce and Industry.  The BBIN MVA will transform 30 transport corridors into economic corridors, and is set to give subregional businesses a boost.
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Tags:  BangladeshIndiaBhutanNepalTransport
 

February 2016
SAARC-ADB First Training Programme of Nodal Points on Updating SAARCSTAT Web Portal

The SAARC-ADB First Training Programme of Nodal Points on Updating SAARCSTAT Web Portal was organised by the Pakistan Bureau of Statistics (PBS). The Training focused on updating national data available on the SAARCSTAT Web Portal to enhance usability, and equipped representatives from Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan, and Sri Lanka with knowledge and capacity to upload and update their information on the website.
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Tags:  SAARCTradeEconomic cooperationBangladeshBhutanIndiaMaldivesNepalSri Lanka
 

January 2016
Energy Secretaries of India and Nepal Discuss Implementation of PTA

A 2-day meeting of the Joint Working Committee and Joint Steering Committee on India-Nepal Cooperation in the Power Sector discussed the implementation of the power trade agreement (PTA) signed in September 2014. The Meeting agreed that India will supply Nepal with 300 megawatt of electricity in the next 18 months, and reviewed plans for long-term energy trade, including the proposed 6 cross-border power corridors.
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Tags:  EnergyIndiaNepal
 

January 2016
2016 International Customs Day: Nepal Department of Customs

International Customs Day is observed in honor of the establishment of the World Customs Organization, an independent intergovernmental body, on 26 January 1952. Nepal Department of Customs shares the week-long program planned in Nepal to mark the occasion.
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Tags:  CustomsNepalTrade Facilitation
 

January 2016
3rd Meeting of BBIN Joint Working Group on Subregional Cooperation, Dhaka

The third meeting of the Joint Working Group on Subregional Cooperation between Bangladesh, Bhutan, India and Nepal (BBIN) on Connectivity and Transit and Water Resources Management and Power/Hydropower deliberated new initiatives for deepening cooperation. Discussion centered around progress made under the BBIN Motor Vehicle Agreement and the proposed BBIN Rail Agreement.
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Tags:  BBINTrade FacilitationEnergyTransportBangladeshBhutanIndiaNepal
 

January 2016
Proposed SAARC Meeting to Discuss Regional Transport Agreements

A proposed meeting of SAARC Transport Ministers in Kathmandu, Nepal aims to discuss the SAARC Motor Vehicle Agreement and SAARC Regional Railway Agreement, ahead of the 19th SAARC Summit to be held in the latter part of 2016 in Pakistan. The proposed regional transit agreements aim to promote transport connectivity in the region, and to enhance regional economic cooperation and integration.
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Tags:  SAARCTransportTrade FacilitationBBINNepal
 

January 2016
Friendship Bus Service Re-launched between India-Nepal

A friendship bus service between India and Nepal was re-launched on 4 January 2016, after a gap of 27 years. No special documents are necessary to travel in these buses. Locals with family and trade ties in both countries, who regularly travel this route on a daily basis met the news with much enthusiasm.
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Tags:  TransportIndiaNepal
 

December 2015
Bangladesh and Nepal Agree to Enhance Bilateral Trade

Bangladesh Commerce Minister Tofail Ahmed and Nepal Minister for Commerce and Supplies Ganesh Man Pun discussed Bangladesh-Nepal trade and other trade-related agreements currently being negotiated on the sidelines of the 10th Ministerial Conference of the World Trade Organization in Nairobi, Kenya. The two ministers agreed to complete all bilateral trade agreements and fast-track negotiations to promote bilateral trade ties.
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Tags:  BangladeshNepalTrade
 

December 2015
Celebrating 30 Years of SAARC

On 8 December 1985, the South Asian Association for Regional Cooperation (SAARC) Charter was signed by Heads of State/Government of SAARC Member States during the First SAARC Summit held in Dhaka, Bangladesh. SAARC promotes welfare economics, collective self-reliance among the countries of South Asia, and accelerated socio-cultural development in the South Asia region.
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Tags:  SAARCRegional CooperationSouth AsiaBangladeshBhutanIndiaNepalMaldivesSri Lanka
 

December 2015
Commentary: South Asia Could Be Linchpin for Regional Integration

South Asia is set to play a strategic role in Asian integration. This commentary by Mr. Ganeshan Wignaraja, Advisor in the Asian Development Bank’s Economic Research and Regional Cooperation Department, shares how linking emerging South Asia with the more developed member countries of the Association of South East Asian Nations will transform regional economies through development of regional connectivity, and create a huge regional market of 2-3 billion people.


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Tags:  South AsiaEconomic corridorDevelopmentASEANSoutheast AsiaEast AsiaTrade FacilitationTransportTourismmanufacturingBangladeshBhutanIndiaMaldivesNepal
 

November 2015
Exchange of Documents at Major SASEC Border-Crossing Points Starts

The exchange of export-related data between designated adjacent border crossing points in the SASEC subregion commenced on 30 November 2015. This SASEC Customs Subgroup Subregional Project promotes the exchange of documents at five major border-crossing points between Bangladesh, Bhutan, India and Nepal, to promote future electronic exchange of data and build a better risk profile of traders.
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Tags:  Trade FacilitationCustomsBangladeshBhutanIndiaNepal
 

November 2015
BBIN MVA Transit Fees for Goods and Passenger Vehicles to be Finalized

A Meeting for the Bangladesh, Bhutan, India, and Nepal Motor Vehicle Agreement (BBIN MVA)on 3-4 December 2015 will finalize the transit fees for goods and passenger vehicles, and discuss other issues, said Bangladesh Road Transport Minister Obaidul Quader. Transport of passengers and goods under the BBIN MVA will formally start in January 2016, with initial restrictions in place.
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Tags:  BBINTransportBangladeshBhutanIndiaNepal
 

October 2015
Nepal Deputy Prime Minister Calls on India's Top Government Officials

Officials from India assured Nepal Deputy Prime Minister and Foreign Minister Kamal Thapa of increased supplies of essential goods from India. Minister Thapa went on a 3-day visit to New Delhi, where he met with India Prime Minister Narendra Modi, External Affairs Minister Sushma Swaraj, and Home Minister Rajnath Singh.
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Tags:  NepalIndiaTrade Facilitation
 

September 2015
India's Power Grid Commissions Transmission Express Highway

The Power Grid Corporation of India began power transmission along its first "Power Transmission Express Highway". With a 6,000-megawatt capacity, this power corridor connects the northern states with the North Eastern Region, and will help both manage the supply of large-scale hydropower and connect power transactions done with Bhutan, Bangladesh, and Nepal.
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Tags:  EnergyIndiaBhutanBangladeshNepal
 

September 2015
Bhutan Prime Minister Calls for Partnerships to Help LLDCs

Bhutan Prime Minister Tshering Tobgay promotedpartnerships as a way to help landlocked developing countries (LLDCs) become land-linked to global opportunities, saying it is possible to ensure a country is not landlocked economically with its neighbors' full trust and confidence. The Prime Minister was attending a high-level forum for landlocked developing countries on the sidelines of the UN General Assembly.
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Tags:  BhutanLLDCNepalEnergyIndiaTrade Facilitation
 

September 2015
6th Bhutan International Trade Fair 2015

Bhutan and Nepal conducted an international trade fair from 4-8 September 2015 in Thimphu, Bhutan to boost trade between the two countries. This private sector event recognizes Bhutan as a potential market for a growing number of businesses. A total of 215 business entities from seven countries participated in the fair.
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Tags:  BhutanNepalTradePrivate Sector
 

August 2015
7th SAARC Finance Ministers Meeting in Kathmandu

Finance Ministers of the South Asian Association for Regional Cooperation Program met in Kathmandu, Nepal on 20 August 2015 to discuss closer economic and financial cooperation in the region, emphasizing faster trade liberalization and investment in connectivity. This would help strengthen unification in the region, promote inter-country investment, and remove non-tariff barriers among member countries.
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Tags:  Economic cooperationNepalSAARC
 

August 2015
Commentary on the BBIN MVA as Positive Development for Subregional Cooperation

Read a commentary on the Bangladesh, Bhutan, India, and Nepal (BBIN) Motor Vehicles Agreement (MVA) as positive development for the BBIN subregional grouping. The BBIN MVA is a landmark framework agreement that aims to facilitate seamless flow of passenger, personal and cargo vehicular traffic between and among the BBIN countries.
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Tags:  BBINTransportBangladeshBhutanIndiaNepal
 

August 2015
Bangladesh’s First Trade Surplus with Nepal in 10 Years

Bangladesh recorded a trade surplus with Nepal in 2014-2015 for the first time in 10 years, due to a decrease in lentil imports. Nepal Transit and Warehousing Company figures show Nepal exported goods worth about $10.8 million, against imports of about $23.9 million last fiscal year.
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Tags:  BangladeshNepalTrade
 

August 2015
Koshi Bridge Restores Connectivity in Nepal's Eastern Development Region

The newly-constructed Koshi Bridge, inaugurated by Nepal Prime Minister Sushil Koirala on 3 August 2015, improves road connectivity and restores economic activities in the eastern region of Nepal. The bridge provides an alternate route and improves mobility, creating new opportunities for growth. It was constructed with financial assistance from the Asian Development Bank.
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Tags:  NepalInfrastructureTransport
 

August 2015
India-Nepal Joint Working Group Move Forward with Vehicle Permits, New Bus Routes

The India-Nepal Cross Border Transport Facilitation Joint Working Group under the bilateral Motor Vehicle Agreement discussed measures to facilitate movement of passenger vehicles across the India-Nepal border. Key recommendations include a web-based solution to issue, monitor, and verify permits, and four new bus routes between India and Nepal.
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Tags:  IndiaNepalTransport
 

July 2015
Nepal Budget Emphasizes Air, Road Connectivity

The Government of Nepal unveiled a number of infrastructure projects for transport and energy in its budget for fiscal year 2015-2016 to further boost the country's economic growth. Planned road projects include development of six-lane trade roads and an alternate link road to Kathmandu. The Government is also prioritizing development of airports.
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Tags:  NepalTransportAirports
 

June 2015
$4.4 Billion Pledged to Nepal for Reconstruction

Nepal's SAARC neighbors, friendly countries and development partners have pledged a total of $4.4 billion in the International Conference on Nepal's Reconstruction to help the country in its rebuilding and reconstruction efforts in the aftermath of the recent devastating earthquake. India pledged aid amounting to $1 billion. The Asian Development Bank also announced its readiness to provide up to $400 million in further assistance, bringing its total pledge to $600 million.
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Tags:  NepalDisaster Risk ManagementSAARC
 

June 2015
Commentaries on BBIN MVA from Across the Subregion

Bangladesh, Bhutan, India, and Nepal formed a subregional grouping under the Bangladesh-Bhutan-India-Nepal (BBIN) Framework, and signed a Motor Vehicles Agreement (MVA) allowing seamless transit across each other's territories at the Meeting of Bangladesh, Bhutan, India, and Nepal Transport Ministers on Regional Road Transport Connectivity. Several commentaries from across the region have been published on the BBIN MVA, and are shared below.
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Tags:  BangladeshBhutanIndiaNepalBBINTransport
 

May 2015
NEA, ADB in Talks to Install Solar Lights in Earthquake-Affected Villages

The Nepal Electricity Authority (NEA) is in talks with the Asian Development Bank (ADB) to install solar lights in remote districts where power distribution was severely damaged by the earthquake. Solar power can provide a temporary solution while NEA repairs its distribution channels.
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Tags:  EnergyADBNepal
 

May 2015
Relief and Rehabilitation Efforts in India-Nepal Border Towns, through Partnership with Nepal Forum

More than 170 tons of relief goods was sent by India to Nepal using the rail route from Old Delhi to Raxaul, in response to the earthquake in Nepal. Senior officials of India's National Disaster Management Authority supervised this relief effort. India's West Bengal Government also gave assistance by coordinating needed relief items with the Government of Nepal and the Nepal Army.
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Tags:  IndiaNepalTransportRail
 

April 2015
Message of Condolence to the People of Nepal

The President of Asian Development Bank conveys deepest sympathies to the people of Nepal following the devastating earthquake of 25 April 2015.
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Tags:  Nepal
 

March 2015
Nepal International Trade Fair Highlights 19 Export Products

The fourth Nepal International Trade Fair, held 12-16 March 2015 in Kathmandu, Nepal, highlighted Nepal's 19 priority export products identified by the Nepal Trade Integration Strategy. Business enterprises from other SAARC countries—Bangladesh, Bhutan, India, and Pakistan—also joined. A total of 340 stalls exhibited different goods for 5 days, drawing 125,000 visitors, and recorded sales worth over $1.9 million.
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Tags:  NepalTradeSAARCHydropower
 

February 2015
Nepal Electricity Authority to Cut System Loss to 10%

The Nepal Electricity Authority plans to reduce current system loss to 10% by 2020 through several technical and non-technical measures, including unbundling of development and operation of electricity transmission lines. NEA's total energy generation loss in 2013-2014 stood at 25%. It is currently implementing the Energy Access and Efficiency Improvement Project under the SASEC program.
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Tags:  EnergyHydropowerNepal
 

February 2015
Nepal Prime Minister Koirala Emphasizes Importance of Regional Cooperation to Nepal's Foreign Policy

Nepal Prime Minister Sushil Koirala emphasized Nepal's strong engagement in the process of regional cooperation—through membership in the South Asian Association for Regional Cooperation (SAARC) and Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC)—as “a major defining feature” of Nepal's foreign policy in a speech delivered at the 67th anniversary of Nepal Council of World Affairs on 18 February 2015.
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Tags:  NepalRegional CooperationIndia
 

February 2015
Bangladesh-Nepal Expo 2015 Showcases Potential Areas of Trade

The first Bangladesh-Nepal Expo 2015 in Kathmandu, Nepal attracted about 100 private businesses and more than 10,000 visitors. Enterprises from Bangladesh showcased the wide variety of products Nepal’s business community can source from Bangladesh. The fair opened potential areas of trade and encouraged entrepreneurs from both countries to create business linkages with each other.
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Tags:  BangladeshNepalBilateral TradeTrade
 

February 2015
Motor Vehicles Deal Underway for Seamless Transport through BBIN Subregion

An agreement that will enable seamless transit of  passenger and goods along designated key routes in the Bangladesh, Bhutan, India, and Nepal (BBIN) subregion is in the pipeline. It will reduce costly and time-consuming unloading and loading of people and cargo at border crossing points. The agreement would help transform transport corridors linking BBIN into economic corridors and enhance people-to-people contact.
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Tags:  TransportBangladeshBhutanIndiaNepal
 

February 2015
Asian Development Bank to Give $1 Billion Credit to Improve Nepal's Infrastructure

Asian Development Bank (ADB) President Takehiko Nakao called on Nepal Prime Minister Sushil Koirala on 3 February 2015 during a visit to Nepal, and met with Finance Minister Ram Sharan Mahat and National Planning Commission Vice Chairperson Govinda Pokharel. ADB plans to provide about $1 billion in concessional loans and about $13 million in technical assistance grants to Nepal over the next three years to support faster and more inclusive growth in the country.
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Tags:  ADBNepalEnergyTransportTrade Facilitation
 

January 2015
India-Nepal: Comprehensive Partnership Agreements Can Increase Trade

The Power Trade Agreement (PTA) and the Power Development Agreements (PDAs) are recent developments that have renewed optimism in an India-Nepal economic cooperation.  The PTA is expected to encourage international investment in Nepal’s hydropower sector while the two PDAs are expected to boost investor confidence in Nepal’s water resources.
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Tags:  IndiaNepalTrade
 

January 2015
Nepali-language Version of Revised Kyoto Convention Published

Nepal is currently in an advanced stage of acceding to the Revised Kyoto Convention (RKC) through submission of its Instrument of Accession to the World Customs Organization. In support of Nepal’s accession and future implementation of the provisions of the RKC, a Nepali-language translation has been published under the ADB-financed SASEC Trade Facilitation Program and launched during the 63rd International Customs Day on 26 January 2015.
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Tags:  NepalWCOCustoms
 

January 2015
Nepal Subregional Transport Enhancement Project Receives ADB Award

The Asian Development Bank (ADB) recognized exemplary project implementation of five best-performing projects on 18 January 2015, naming the Subregional Transport Enhancement Project (STEP), a South Asia Subregional Economic Cooperation (SASEC) project in Nepal, Best in Safeguard Monitoring.
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Tags:  NepalTrade FacilitationTransport
 

December 2014
Advisory Committee Evaluates SAARC Summit

The Ministry of Foreign Affairs in Nepal formed an advisory committee on 27 March 2014 to give suggestions in preparation for the South Asian Association for Regional Cooperation (SAARC) Summit and play a proactive role in the SAARC process, particularly in implementing decisions related to regional integration. On 9 December 2014, the committee evaluated and received feedback on the SAARC Summit, concluding unanimously that the 18th SAARC Summit was a success.
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Tags:  NepalSAARCRegional Cooperation
 

December 2014
SAARC's 30th Charter Day Celebrated

The South Asian Association for Regional Cooperation (SAARC) marked its 30th Charter Day at the SAARC Secretariat in Kathmandu, Nepal on 8 December 2014. SAARC Secretary General Arjun Bahadur Thapa hosted a reception attended by Nepali Vice President Paramananda Jha as chief guest along with dignitaries, high-ranking government officials, and representatives of civil society, business community, and media.
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Tags:  SAARCRegional CooperationNepal
 

December 2014
Nepal, UNCTAD to Update Customs Data System

The Department of Customs of Nepal and the United Nations Conference on Trade and Development (UNCTAD) have concluded the negotiations for Nepal's adoption of the Automated System for Customs Data (ASYCUDA) World in November 2014.
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Tags:  ASYCUDATrade FacilitationNepal
 

November 2014
Government of Norway and ADB Co-Financing Agreement for SASEC Power Expansion Project

A co-financing agreement for the South Asia Subregional Economic Cooperation (SASEC) Power System Expansion Project was signed by the Asian Development Bank (ADB) and the Norwegian Ministry of Foreign Affairs on 14 November 2014 in Kathmandu, Nepal. The project will improve access to energy in Nepal by increasing electricity access.
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Tags:  EnergyADBNepal
 

November 2014
BINA Visit Border Crossings Ahead of SAARC Summit

Bhutanese Ambassador Pema Choden, Indian High Commissioner Pankaj Saran, and Nepalese Ambassador Hari Kumar Shrestha visited the Land Customs Stations of Burimari-Changrabandha (Bangladesh-India), Phuentsholing-Jaigaon (Bhutan-India), Kakarbhitta-Panitanki (Nepal-India) and Phulbari-Banglabandha (India-Bangladesh) on 9-12 November 2014. BINA took the land route used by traders of Bangladesh, Bhutan, India, and Nepal.
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Tags:  BangladeshIndiaNepal
 

November 2014
India Credit Line to Finance Hydropower Project, Bridges in Nepal

The Government of Nepal has allocated portions of the $1 billion line of credit from India to infrastructure projects boosting energy trade and transport connectivity between the two countries. The Budhigandaki Hydroelectric Project will receive around half of the credit; bridges enhancing connectivity of Nepal's western border with India are also planned.
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Tags:  IndiaEnergyNepal
 

November 2014
Boarding Soon: Direct Flights between Nepal-Sri Lanka

Direct flights between Nepal and Sri Lanka—through capital cities Kathmandu and Colombo—are scheduled to resume in early 2015. This move is expected to boost connectivity, further increasing trade and tourism between the two countries.
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Tags:  Sri LankaNepalTransport
 

October 2014
Historic Power Trade Agreement Boosts Nepal-India Energy Cooperation

Nepal and India have formally signed a historic Power Trade Agreement (PTA) which paves the way for free trade of power between the two neighboring countries. The signing took place at Nepal Prime Minister Sushil Koirala's office at Singha Durbar in Kathmandu, Nepal on 21 October 2014, with Nepal Energy Secretary Rajendra Kishore Kshatri and India Power Secretary Pradeep Kumar Sinha in attendance.
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Tags:  EnergyNepalIndia
 

September 2014
Prime Minister Modi Affirms SAARC as a Strong Regional Block

Indian Prime Minister Narendra Modi held separate bilateral meetings with Sri Lanka President Mahinda Rajapaksa, Bangladesh Prime Minister Sheikh Hasina, and Nepal Prime Minister Sushil Koirala. The neighboring leaders discussed their support for the ‘neighborhood first’ policy and affirmed their commitment to South Asian Association for Regional Cooperation (SAARC) as a regional block that can solve common problems.
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Tags:  IndiaBangladeshNepalSri Lanka
 

September 2014
Government of Nepal Requests Financing for Bridges

The Government of Nepal has requested financing from the Government of India for construction of bridges across the Terai as part of the second phase of a road project linking the East-West Highway to several border points. Around 62 bridges are required for the project.
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Tags:  IndiaInfrastructureNepalTransport
 

September 2014
Nepal Signs Framework Agreement for Energy+ Cooperation

The Government of Nepal signed the Framework Agreement for Energy+ Cooperation with the Government of Norway, the Government of Denmark, the Asian Development Bank and United Nations Development Program to contribute toward the actual implementation of the Sustainable Energy for All Initiative (SE4ALL).
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Tags:  NepalEnergyRenewable Energy
 

September 2014
Pancheshwar Multipurpose Project Sparks Hope for Nepal-India Energy Cooperation

Following the meeting between Indian Prime Minister Narendra Modi and Nepal Prime Minister Sushil Koirala during Prime Minister Modi's state visit to Kathmandu in August, a project that has waited in the pipeline for 17 years saw new developments.
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Tags:  EnergyIndiaHydropowerNepal
 

September 2014
Power Trade Agreement between Nepal and India Inked

Nepal and India signed a landmark preliminary Power Trade Agreement (PTA) on 4 September 2014, around two weeks ahead of the deadline set by India Prime Minister Narendra Modi. This PTA paves the way for bilateral trade of electricity between the two countries, and is foreseen to boost their energy security, as well as bring in added revenues to Nepal's economy.
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Tags:  EnergyIndiaNepal
 

August 2014
ADB Committed to Help Nepal Graduate from LDC Status, Ready to Facilitate India-Nepal Power Trade Agreement

Asian Development Bank Vice President Mr. Wencai Zhang met with the Prime Minister of Nepal, Mr. Sushil Koirala on 17 August 2014, and assured him of ADB's commitment to help Nepal achieve its vision of graduating from least-developed country status by 2022.
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Tags:  NepalEnergyADB
 

August 2014
Nepal to Sign Power Deal with Bangladesh

After striking a similar deal in India, Nepal is set to sign a power trade agreement with Bangladesh. A Memorandum of Understanding is expected to be vetted by Nepal and presented during the power sector cooperation meeting in December, after the South Asia Association for Regional Cooperation summit. Hydropower produced in Nepal through power sector cooperation, would be exported to Bangladesh through India's power corridor.
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Tags:  NepalBangladeshEnergyIndia
 

August 2014
India Extends US$1 Billion Loan to Nepal for Energy, Infrastructure Projects

Indian Prime Minister Narendra Modi made a two-day visit to Kathmandu, Nepal on 3-4 August 2014, the first bilateral visit by an Indian Prime Minister in 17 years. At a speech delivered to the Parliament of Nepal, Modi announced India’s desire to help Nepal and offered an additional soft loan of US $1 billion for energy projects and infrastructure development.
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Tags:  EnergyIndiaNepalRegional CooperationTransport
 

July 2014
Railway Link to India’s Border by 2020

China initially opened the railway to Tibet’s capital, Lhasa, in 2006 as part of its national plan to boost development. The railway is envisioned to be linked to Rasuwagadhi, Nepal through the Shigatse-Kerung stretch. Rasuwagadhi is about 500 kilometers from Shigatse. There are plans to extend the railway linking Tibet with the rest of the country during 2016-2020 to two separate points on the border of Nepal and on the border of India and Bhutan.
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Tags:  IndiaNepalBhutanTransport
 

July 2014
Reducing Practical Barriers to Trade

The World Economic Forum's Global Enabling Trade Report: 2014 offers a tool to monitor progress on implementing measures for the Trade Facilitation Agreement. It provides insights on how countries in South Asia can significantly gain from the $1 trillion boost the Trade Facilitation Agreement is expected to bring to the global economy.
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Tags:  Trade FacilitationTrade PolicyPoverty ReductionBangladeshIndiaNepalSouth AsiaTrade Facilitation AgreementTradeWTO
 

July 2014
India-Nepal Joint Task Force Set Up

As part of India’s SASEC Road Connectivity Investment Program, India and Nepal have set up a Joint Technical Task Force for the Mechi River Crossing. The first meeting was held in New Delhi on 4 July 2014 at the Ministry of Road Transport and Highway, Government of India.
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Tags:  TransportIndiaNepal
 

July 2014
ADB Expanding Nepal’s Renewable Power Supply

The Asian Development Bank (ADB) approved a loan of $180 million to Nepal for the South Asia Subregional Economic Cooperation (SASEC) Power System Expansion Project to help Nepal address its urgent power needs. Two government agencies of Nepal are involved in the project – Nepal Electricity Authority to upgrade transmission and distribution lines, and the Alternative Energy Promotion Centre to provide electricity to remote rural areas.
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Tags:  EnergyNepalIndia
 

June 2014
SASEC Energy Projects in Nepal Increase Clean Energy Use

Nepal’s Alternative Energy Promotion Centre has installed its first wind-solar hybrid system in Dhaubadi village of Nawalparasi district, with Asian Development Bank support. The clean energy approach of this successful pilot project, already providing energy services to 46 rural households, can be replicated under a proposed SASEC power system expansion project.
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Tags:  EnergyNepalPoverty ReductionADBSASEC
 

May 2014
Launch of $1.5 Million Japan Fund for Poverty Reduction Technical Assistance for Trade Facilitation in Nepal

Mr. Madhu Kumar Marasini, Joint Secretary, Ministry of Finance represented the Government of Nepal at the official launch of activities under a $1.5 million technical assistance project financed by the Japan Fund for Poverty Reduction, on 21 May 2014 in Kathmandu, Nepal. The capacity development technical assistance will support trade facilitation initiatives being carried out under the South Asia Subregional Economic Cooperation (SASEC) Trade Facilitation Program.
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Tags:  Trade FacilitationNepalSASECADBWCOPoverty ReductionCustoms
 

November 2012
ADB Assisting South Asia to Reduce Trade Barriers

ADB is providing $48 million to help goods move more smoothly in and out of Bangladesh Bhutan and Nepal.
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Tags:  ADBBangladeshBhutanCustomsNepalSASECSouth AsiaTradeTrade Facilitation
 

June 2012
SAARC and ADB Workshop

A SAARC-ADB workshop held at the SAARC Secretariat Kathmandu on 21-22 June finalized the drafts of three studies.
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Tags:  ADBEconomic cooperationRegional CooperationRegional IntegrationNepalSAARCServicesTrade
 

April 2012
SASEC Countries Sign Bilateral Interconnection Agreements

During the Bilateral Interconnection Agreement Meeting held on 25-27 April 2012 in Manila major telecommunication providers from SASEC countries signed agreements for the direct peering and exchange of internet traffic through high speed fiber-optic links to be built under the Information Highway.
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Tags:  ADBBangladeshBhutanICTNepalRegional Integration