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Trade

Mega-system disaster on the cards in 2024

2023 will be remembered as a tipping point year when almost all mega-trends of finance, technology, trade, geopolitics, war and climate heating showed signs of acceleration in speed, scale and scope.

Kol port plans trade via Indo-Bangla route

The port also plans to develop an integrated and seamless end to end delivery infrastructure and organizational system, connecting not only Pandu, Silchar and Karimganj in Assam, but also Tripura and Mizoram via Chattogram, in addition to development of cargo connectivity to Barak valley all the way to Sittwe in Myanmar.

Saarc members must find way around roadblocks

India’s trade agreements with Nepal and Bhutan, which include hydroelectric power projects, and its contemplation of Cross-Border Electricity Trade (“CBET”) with Sri Lanka in 2025 are exemplars of transboundary trade in energy. As blocs like Asean and BIMSTEC have proven themselves to be better in their approaches than Saarc, the member countries of Saarc should focus upon persuading other members to establish bilateral and trilateral free-trade agreements among themselves in order to give up on imposing para-tariffs on each other.