South Asian Network on Economic Modelling (SANEM), through the USAID and US Department of State-funded Cross-Border Infrastructure and Connectivity project, arranged a virtual panel discussion. Officials from different south Asian countries have participated in the discussion.
a panel discussion titled ‘Global Trends and Bay of Bengal Integration’ held as part of the ‘Bay of Bengal Regional Trade and Connectivity Capacity Building Program’ held in Dhaka.
They discussed the issues of deepening regional connectivity as it disrupted all kinds of cross-border activities like trade, transport, tourism, investment, people-to-people connectivity etc.
These leave an extremely negative impact on life and business in the Bay of Bengal region due to cross border discords and disputes.
Economists consider two mechanisms that can help in deepening the Bay of Bengal cooperation with augmented trade relations, particularly among the BIMSTEC member countries- connectivity and regional value chain.
It can help resolve high tariff issues among the countries for navigating a changing global economic order.
Source: The Financial Express