Sunday, 22 October 2017

South Asia Sub-regional economic cooperation (SASEC)


 SASEC program of Asian Development Bank brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka in a project-based partnership that aims to promote regional prosperity, improve economic opportunities, and build a better quality of life for the people of the subregion.

 It seeks to strengthen multimodal cross-border transport networks that boost intraregional trade and open up trade opportunities with East and Southeast Asia.

 The program helps build modern and effective customs administration that speeds up the time and reduces the costs of moving goods, vehicles, and people across borders.

 SASEC also assists member countries in improving energy security by developing infrastructure and promoting intraregional power trade to reduce costs and import dependence.

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