News List

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

Year:
February 2025

Boosting the Logistics Sector in Bangladesh, India, and Nepal

Addressing issues in the logistics sector is crucial for economic development, environmental sustainability, and regional integration. An Asian Development Blog article explores the need for Bangladesh, India, and Nepal to adopt strategies, such as enhancing multimodal transport, standardization, and digital integration, to enhance supply chain resilience, reduce costs, and boost export competitiveness, to further boost economic growth and job creation. 

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February 2025

Bangladesh Urged to Implement Trade Facilitation Roadmap to Prepare for LDC Graduation

Mr. Sheikh Bashir Uddin, Advisor to the Ministry of Commerce of Bangladesh, urged the implementation of a trade facilitation roadmap and collaboration among working groups to mitigate the challenges associated with the upcoming transition of Bangladesh from the Least Developed Country (LDC) category to a developing nation by November 2026. 

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February 2025

Economic Corridor Development in South Asia

Economic corridors are crucial for stimulating economic growth, creating jobs, and promoting regional integration across SASEC member countries—Bangladesh, Bhutan, India, Nepal, and Sri Lanka. An Asian Development Blog article explores the role of economic corridor development in South Asia, highlighting its potential to enhance trade, industrialization, and regional connectivity. 

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January 2025

Dodhara Chandani Dry Port to Expand Nepal’s Trade Accessibility

The planned Dodhara Chandani dry port will help boost connectivity of Nepal's far-western region. Set to become Nepal's fourth dry port along the India-Nepal border, the Rs 2.54-billion (around $29 million) project will serve as a major logistical hub and expand landlocked Nepal’s access to India through the Jawaharlal Nehru Port in Mumbai. 

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January 2025

India and Nepal Agree on Five Transmission Lines

India and Nepal have finalized a new agreement for five transmission lines, covering construction, upgrades, and investment modalities. The deal comes as 11,000 megawatts from various hydropower projects are in development. 

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January 2025

Meeting of India-Nepal IGC on Trade, Transit, and Cooperation to Combat Unauthorized Trade

The India-Nepal Inter-Governmental Committee (IGC) on Trade, Transit, and Cooperation to Combat Unauthorized Trade conducted a comprehensive review of India – Nepal trade and economic cooperation.  

 

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Tags: India, Nepal, Trade, Transport, Trade Facilitation, Economic corridor

January 2025

Maldives and Sri Lanka Explore Strategic Collaborations to Boost Ties

Maldives and Sri Lanka are strengthening their economic ties by undertaking a series of strategic collaborations aimed at boosting trade and bilateral relations. Initiatives include the development of the Kuda Fushi Islands port in Maldives and bringing benefits to both countries and promoting medical and wellness services in Sri Lanka to people from Maldives. 

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Tags: Maldives, Sri Lanka, Trade, Ports

January 2025

Maldives Foreign Affairs Minister Visits India

Dr. Abdulla Khaleel, Minister of Foreign Affairs of Maldives, conducted an official visit to India on 2-4 January 2025. During bilateral discussions with Dr. S. Jaishankar, External Affairs Minister of India, both sides reviewed progress on understandings reached during President Muizzu's visit and addressed issues requiring further attention.

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Tags: Maldives, India

January 2025

Assam to Complement Development of Bhutan’s Gelephu Mindfulness City

Mr. Himanta Biswa Sarma, Chief Minister of Assam, India, discussed plans for Assam's involvement in the development of Bhutan's Gelephu Mindfulness City (GMC) at a press conference. Key highlights of Assam's plans are to build transportation links and expand the airport. 

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Tags: Bhutan, India, Trade, Transport,

January 2025

Sri Lanka Accelerates National Single Window Implementation

The Government of Sri Lanka is accelerating the implementation of its National Single Window system, enhancing services for exporters and importers to boost efficiency and competitiveness. Sri Lanka’s Deputy Finance Minister Dr. Harshana Suriyapperuma highlighted that the Department of Imports and Exports Control began offering online services on 1 January 2025, joining other government agencies in digital service delivery. 

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