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Bimstec Trade Facilitation Strategic Framework 2030

Bimstec Trade Facilitation Strategic Framework 2030

Paperback

EconomicsGeneral Political ScienceInternational Relations

ISBN10: 9292699040
ISBN13: 9789292699048
Publisher: Asian Development Bank
Published: Feb 23 2023
Pages: 150
Weight: 1.07
Height: 0.41 Width: 8.50 Depth: 11.00
Language: English
This report outlines nontariff barriers to trade between BISMSTEC subregion countries and shows how a structured approach centered on boosting compliance, harnessing technology, and improving infrastructure can bolster intraregional trade.

It gives a run-down of the trade infrastructure and regulations of each member countryThailand, India, Bangladesh, Myanmar, Sri Lanka, Bhutan and Nepaloutlines the constraints each faces and details progress made to date. Explaining how the region is recovering from the pandemic, it shows how factors such as faster clearing, stronger mutual agreements, and greater automation can streamline trade between the countries and spur economic growth.

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Economics