|Unlocking the Potential of Regional Economic Cooperation and Integration in South Asia|
At a modest 6% of total trade, intraregional trade in South Asia stands at less than one third of its full potential. Trade barriers and inadequate infrastructure have cost South Asia over US $54 billion per year in lost export opportunities. With 309 million people living on less than $1.90 a day—the largest concentration of poverty in the world—South Asia should urgently pursue broad-based regional economic cooperation that could enable effective responses to the subregion’s developmental challenges. This report examines the state of economic integration in South Asia and identifies potential areas for further strengthening subregional linkages. It provides recommendations on policy actions to increase market integration, improve connectivity, boost investment in infrastructure development, and tackle shared vulnerabilities and risks. It calls for the consolidation and upgrading of existing trade and investment cooperation initiatives into a South Asia Comprehensive Economic Partnership.
Author: United Nations Economic and Social Commission for Asia and the Pacific
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Tags: BIMSTEC, Investment, Regional Cooperation, SAARC, South Asia, Sustainability, Sustainable Development, Trade, UNESCAP, Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka
|BIMSTEC: The Road Ahead|
This report examines how the Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) region can utilize its intraregional network to deepen regional cooperation and integration to better the lives of the roughly 1.5 million people living in this region. It discusses issues of trade, investment, regional value chains, and connectivity, in the context of making the BIMSTEC grouping more relevant and meaningful. With BIMSTEC's enormous potential waiting to be tapped, this report urges the grouping to take advantage of newly available opportunities and harvest low
hanging fruits, including establishment of a BIMSTEC power trade network,
promotion of business-to-business and people-to-people contact, enhancement of
regional value chains, and engaging the experience and expertise of BRICS
Author: Research and Information System
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Tags: BIMSTEC, Regional Cooperation, Thailand, Trade, Energy
|A Connectivity-Driven Development Strategy for Nepal: From a Landlocked to a Land-Linked State|
Transforming Nepal from a landlocked into a land-linked state, the authors argue, could be key to unlocking the country's much-awaited growth. With its strategic location between India and the People's Republic of China, a connectivity-driven development strategy could energize Nepal's lackluster post-conflict economic performance. Further, Nepal implements a multi-track approach to promoting regional cooperation and integration in connectivity with its neighbors, reinforced through participation in South Asian Association for Regional Cooperation, Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, and South Asia Subregional Economic Cooperation. By identifying ten priority projects that could further boost Nepal's connectivity, the paper also discusses how strengthening Nepal's transport, energy, and trade links could benefit the region. However, the authors also warn against “internal threats” to Nepal's development—corruption and the country's difficult political situation.
Author: Pradumna B. Rana and Binod Karmacharya
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Tags: Nepal, Economic Corridor, Regional Trade, Connectivity, Development, Economic Growth, SASEC, India, Regional Cooperation, Regional Integration, SAARC, BIMSTEC, Transport, Energy, Trade
|South Asia- Intra Regional Cooperation: The Way Forward|
This study aims to showcase the benefits of regional integration and recommends strategies for overcoming the many hurdles.
Author: Shahid Kardar
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Tags: Policy, Economic Cooperation, Regional Integration, Development, SAARC, Non-Tariff Measures, Trade Facilitation, SAFTA, India, Bangladesh, Bhutan, Maldives, Nepal, Sri Lanka, BIMSTEC, Myanmar, SASEC, Energy
|RCI Digest 2011 Special Feature (October to December) Volume No.1- Issue No.5|
ADB supports RCI in South Asia in four ways: (i) subregionally through the South Asia Subregional Economic Cooperation (SASEC) program, (ii) regionally through the South Asia Association for Regional Cooperation (SAARC), (iii) interregionally through the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), and (iv) through collaboration with networks of regional policy research institutes.
Author: Asian Development Bank
Tags: Regional Cooperation, Regional Integration, South Asia, SASEC, BIMSTEC, Policy, ASEAN
|Returned 5 publications|