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A trade link in South Asia

India and Pakistan granted each other MFN status when they joined the General Agreement on Tariffs and Trade (GATT) in 1948. This framework governed their economic relations until 1965, despite bloody battles over partition and other issues.When the World Trade Organization was launched in 1995, India re-extended MFN to Pakistan. Islamabad did not reciprocate as opponents argued that MFN status should be used for leverage in negotiations over the disputed territory of Kashmir.Most significantly, deeper trade relations can help tie the two countries more closely together and convince them that tearing down barriers rather than sheltering behind national borders is the best way to secure peace and prosperity in South Asia.

 

Bangladesh doing well among LDCs

Bangladesh has done better than many other least developed countries (LDCs) in terms of overall development scenario, particularly in economic vulnerability category, according to LDC Report 2011 released  by Unctad.However, with the better performance in reducing economic vulnerability, Bangladesh requires to increase per capita gross national income (GNI) and improve human assets index further to obtain the status of a developing country.

Saarc leaders agree to boost regional trade

South Asian leaders concluded a two-day summit  with pledges to promote regional trade and facilitate communications and travel among their countries.The summit adopted the ‘Addu Declaration’ which lays emphasis on effective implementation of the South Asian Free Trade Area (Safta) accord, reduction in sensitive lists and resolution of the issue of non-tariff barriers among the Members of Saarc.

 

SAARC and the East Asian economic boom

The global economic balance has shifted decisively in favour of East Asia and India is figuring prominently as a front runner in dynamic economic growth.Most of the economies in India's neighbourhood could be said to be on the rebound and the time could not have been riper for a consolidation of economic and other forms of cooperation among the SAARC Eight.

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Sikkim's unique mountain architecture in need of protection

The Government of Sikkim realized something needs to be done and the newly-adopted Sikkim Tourism Policy is crystal clear about this. It states in Chapter 4: Application of appropriate designs for tourism infrastructure that considers the landscape, disaster risks, local architecture and materials needs to be addressed, writes Anne Fee

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Nepal's economy expanding, GDP growth 6.3 per cent: IMF

On February 8, 2019, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Nepal.

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