South Asia Subregional Economic Cooperation

EENI- School of International Business

Subject: The South Asia Subregional Economic Cooperation (SASEC). Syllabus:

1. Introduction to the South Asia Subregional Economic Cooperation (SASEC)
2. Strategies of the SASEC Programme
3. The members countries of the South Asia Subregional Economic Cooperation: Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka
4. Transport Cooperation in the SASEC region
   1. The SASEC Road Connectivity Project in Bangladesh
   2. The Dhaka-Northwest corridor
5. Trade Facilitation between the SASEC members
6. Cross-Border Power Trading in South Asia

The objectives of the subject “The South Asia Subregional Economic Cooperation (SASEC)” are the following:

1. To understand the aims and programs of the South Asia Subregional Economic Cooperation
2. To know the cooperation in the field of transport
3. To analyse the trade facilitation programs, intra-SASEC trade and cross-border trade

Sample of the subject - The South Asia Subregional Economic Cooperation (SASEC):

Description of the Subject: The South Asia Subregional Economic Cooperation.

In 2001, six Asian Countries (Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka) founded the programme South Asia Subregional Economic Cooperation (SASEC) to:

1. Strength the economic cooperation between the Member States
2. Boost the foreign trade between them
3. Develop the cross-border connectivity

One of the objectives of the South Asia Subregional Economic Cooperation (SASEC) is to facilitate the cross-border movement of products and people.

The South Asia Subregional Economic Cooperation (SASEC) has developed thirty-three projects (6 billion dollars) in ICT, foreign trade facilitation, regional transport, and energy.

The Transport Sector Strategy of the South Asia Subregional Economic Cooperation (SASEC) aims to develop a multimodal transport network and transport corridors in the region to facilitate the foreign trade between Bangladesh, Bhutan, India, the Maldives, Nepal, and Sri Lanka.

In the South Asian region near 70% of freight is moved by road.

The SASEC Trade Facilitation Strategy is based on the strategic framework (2014-2018), the objectives are:

1. To facilitate the foreign trade transactions and regional multimodal transport
2. To eliminate the trade barriers
3. The modernisation of the customs in the region
4. To support the South Asia Free Trade Agreement Cooperation (SAFTA) - SAARC

The South Asia Subregional Economic Cooperation belongs to the:

1. Economic Area of the Hindu Civilisation
2. Economic Area of the Buddhist Civilisation
3. Central Eurasian Economic Area of the Islamic Civilisation

Website: The South Asia Subregional Economic Cooperation (SASEC).