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.


Read More>>

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.


Read More>>

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.


Read More>>

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.


Read More>>

Tags:  SASECBangladeshBhutanIndiaMaldivesMyanmarNepalSri LankaRegional CooperationTradeEconomic cooperation
 

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.


Read More>>

Tags:  MyanmarSASEC
 

January 2017
Greetings from SASEC

The South Asia Subregional Economic Cooperation (SASEC) Program wishes everyone peace, prosperity, and good health.


Read More>>

Tags:  SASEC
 

December 2016
SASEC Mini Dry Port Project to Help Ease Traffic in Phuentsholing, Bhutan

Two of three South Asia Subregional Economic Cooperation project components are seeing progress in Bhutan. A planned mini dry port project aims to provide cargo and other commercial vehicles a route that avoids traffic jams in the border town of Phuentsholing. A 2.66-kilometer bypass will also be built to connect Bau Bazaar in Jaigon and the Phuentsholing-Thimphu highway.


Read More>>

Tags:  ADBBhutanTransportCustomsRoadSASECSouth Asia
 

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.


Read More>>

Tags:  ICTSASECADBBangladeshBhutanIndiaNepal
 

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.


Read More>>

Tags:  EnergyNepalTradeHydropowerADBSASECClimate ChangeRenewable EnergySustainabilityRegional CooperationRegional IntegrationSolar EnergyIndia
 

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.


Read More>>

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.


Read More>>

Tags:  SASECTransportNepalConnectivityADBServicesTrade
 

November 2016
Sri Lanka Ports Authority, ADB Engage Firm to Develop Master Plan

The Sri Lanka Ports Authority and the Asian Development Bank has engaged the Maritime and Transport Business Solution company to develop a National Ports Master Plan to further strengthen Sri Lanka's port sector.


Read More>>

Tags:  ADBSri LankaSASECPorts
 

September 2016
ADB to Fund India’s First Coastal Industrial Corridor

ADB has approved a multitranche financing facility and grant of $500 million for the Visakhapatnam-Chennai Industrial Corridor Development Program to develop India’s first coastal industrial corridor, with the Government of India also contributing $215 million in funding. The Visakhapatnam-Chennai Industrial Corridor is a key section of India’s planned East Coast Economic Corridor. 


Read More>>

Tags:  ADBEconomic corridorVizag-Chennai Industrial CorridorIndiaSASECSASEC Operational Plan
 

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.


Read More>>

Tags:  ADBSASECEconomic corridorBangladeshBhutanIndiaMaldivesNepalSri Lanka
 

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.


Read More>>

Tags:  SAARCIndiaTradeBangladeshBhutanMaldivesNepalSri LankaConnectivityCustomsSASECTrade
 

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
Read More>>

Tags:  SASECEnergyTrade FacilitationTransportSouth AsiaADBICTBangladeshBhutanIndiaMaldivesNepalSri LankaEconomic Corridor Development

 

July 2016
Manipur Updating Imphal Ring Road Proposal

Manipur State Public Works Department officials are set to revise their proposal for the construction of a Ring Road in Greater Imphal, which is expected to ease increasing traffic congestion. The proposed Imphal Ring Road would be 39 kilometer long and cost approximately $84 million.


Read More>>

Tags:  IndiaTransportBangladeshRoadSASEC
 

June 2016
Interactive SASEC Corridor Map on Website

The interactive SASEC Corridor Map on the SASEC Program website and SASEC Mobile App is your gateway to SASEC projects. View projects by sector—energy, transport, trade facilitation, and ICT—or by corridor using the interactive map, to learn how the SASEC program is helping promote regional prosperity in South Asia. The map also includes project information and links to SASEC project pages.


Read More>>

Tags:  SASECEconomic corridorEnergyTrade FacilitationTransportBangladeshBhutanIndiaMaldives
 

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.


Read More>>

Tags:  BhutanIndiaNepalSri LankaTrade PortalTrade FacilitationSASECCustomsTrade
 

May 2016
Proposed SASEC Road Project to Improve Bangladesh Transport Network

A proposed SASEC road upgrade project in Bangladesh will improve the country’s transport system and enhance trade and investment in the region, according to Mr. Obaidul Quader of the Ministry of Road Transport and Bridges


Read More>>

Tags:  SASECTransportBangladesh
 

April 2016
SASEC Program Upgrades Mobile App

Version 2.0 of the SASEC Program Mobile App is now available for download. With improved user interface and layout, updated offline data, faster caching, and smaller app size, the updated SASEC Program Mobile App is lighter, quicker, and more user friendly.
Read More>>

Tags:  Knowledge ProductSASECTrade FacilitationEnergyTransport
 

December 2015
Greetings from SASEC

The South Asia Subregional Economic Cooperation (SASEC) Program wishes everyone a happy and peaceful new year.
Read More>>

Tags:  SASEC
 

August 2014
'Regional Connectivity for Shared Prosperity': UNESCAP's Roadmap to An Inclusive Future

Economic dynamism in the Asia-Pacific region has been driven primarily by individual economies, yet to ensure sustainable growth in the future, countries must integrate and cooperate to share prosperity, according to the 2014edition of the Economic and Social Survey of Asia and the Pacific.
Read More>>

Tags:  Regional CooperationPoverty ReductionUNESCAPAsia-PacificEnergyConnectivityICTLDCSASECTradeTransport
 

July 2014
WTO Trade Facilitation Agreement Facility Support LDCs and Developing Countries

A Trade Facilitation Agreement Facility was launched by the WTO on 22 July 2014, further ensuring that least developed countries and developing countries will receive necessary assistance in implementing the trade facilitation agreement.
Read More>>

Tags:  WTOTrade FacilitationPoverty ReductionADBSASECTrade Facilitation AgreementLDCWCOUNESCAP
 

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.
Read More>>

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.
Read More>>

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.
Read More>>

Tags:  ADBBangladeshBhutanCustomsNepalSASECSouth AsiaTradeTrade Facilitation
 

November 2012
SASEC Holds National Workshop on Revised Kyoto Convention

ADB's South Asia Regional Cooperation Divison and the World Customs Organization organized a workshop held in Thimpu Bhutan from 26-28 November to help prepare Bhutans accession to the Revised Kyoto Convention.
Read More>>

Tags:  BhutanCustomsEnvironmentSASECSouth AsiaSustainabilityTradeTrade Facilitation
 

November 2012
SASEC Energy Officials Endorse Feasibility Studies for Transmission Investments

The SASEC energy working group agreed to conduct feasibility studies for three new priority large-scale cross-border transmission projects worth over $3 billion at a meeting on 9 November 2012 in Thimphu Bhutan.
Read More>>

Tags:  BhutanEnergyInvestmentSASECSouth Asia
 

November 2012
SASEC Trade Facilitation and Transport Working Group Reviews $4 Billion Portfolio

Trade facilitation and transport officials of SASEC countries reviewed planned priority sub-regional projects totaling over $4 billion over the next three years.
Read More>>

Tags:  BhutanSASECTrade FacilitationTransport
 

October 2012
Asia-Pacific Trade Facilitation Forum 2012

ADB in cooperation with UNESCAP organized the Asia-Pacific Trade Facilitation Forum (APTFF) held on 30-31 October 2012.
Read More>>

Tags:  ADBAsia-PacificDevelopmentRegional CooperationSASECSouth AsiaSri LankaTrade FacilitationUNESCAP
 

October 2012
South Asia Subregional Economic Cooperation Transmission Utility Forum

Many countries in the South Asia region face the challenges of energy shortages as they gear up for higher economic growth.
Read More>>

Tags:  EnergyRegional CooperationSASECSouth AsiaSri Lanka
 

May 2012
SASEC Nodal Officials Meeting

The Nodal Officials of the SASEC Program met at the sidelines of the 45th ADB Annual Meeting in Manila on 3 May 2012.
Read More>>

Tags:  ADBEnergyICTRegional CooperationSASECSouth AsiaTrade FacilitationTransport
 

March 2012
SASEC Trade Facilitation and Transport Working Group Meeting in Kolkata

Following the SASEC Trade Facilitation and Transport Working Group (TFTW) Meeting in Bangkok in October 2011 the TFTWG met again in Kolkata on 5 March 2012 and agreed on a list of investment and technical assistance projects.
Read More>>

Tags:  IndiaInvestmentSASECThailandTrade FacilitationTransport