Dhaka,   Thursday 25 April 2024

The South Asian Times | সাউথ এশিয়ান টাইমস

World Bank bats for South Asian connectivity to boost trade

Published: 08:43, 25 May 2023

World Bank bats for South Asian connectivity to boost trade

Bangladesh and India share between them the world's 5th largest land border, yet the bilateral trade between these two fast growing South Asian economies is a small part of their respective international trade.

Bangladesh's bilateral trade with India is 10% of the country's total trade volume, while India's trade with Bangladesh is only 1% of the country's total trade volume. With better integrated regional connectivity, both the countries could hugely benefit from trade and investment within the region.

Sharing these thoughts at a World Bank-organized Facebook Live discussion on Wednesday, some of the bank's officials emphasised removing all barriers to an integrated, well-connected South Asia.Cecile Fruman, director, regional integration (South Asia) of the World Bank, moderated the discussion titled "The Road Ahead: Unlocking Connectivity between Bangladesh, Bhutan India, and Nepal." 

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