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Article: India : ADB plans for regional economic integration in South Asia.
- Article from:
- TendersInfo
- Article date:
- January 19, 2009
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Byline: Mamta03
Though India and Pakistan are locked in a bitter war of words post 26/11, the Asian Development Bank hopes that these two south Asian rivals will sooner than later play a key role in promoting regional cooperation. The potential for such cooperation is immense according to the Manila based bank which has come up with the framework of a regional technical assistance (RETA) programme.
South Asia is one of the fastest growing regions but it remains the least integrated in the world. Intra-regional trade accounts for a mere 2% of gross domestic product, compared to 20% in East Asia. Similarly, intra-regional exports have hovered around 5%, ...