Wait...
  1. Home >
  2. Export Import News >
  3. Import News >
  4. 8 revealing charts on why India, Pakistan, Nepal, Bangladesh are not realising $69 billion trade opp >
  5. 8 revealing charts on why India, Pakistan, Nepal, Bangladesh are not realising $69 billion trade opp

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

8 revealing charts on why India, Pakistan, Nepal, Bangladesh are not realising $69 billion trade opp.


Date: 29-09-2018
Subject: 8 revealing charts on why India, Pakistan, Nepal, Bangladesh are not realising $69 billion trade opp
While trade between India and Pakistan is a paltry $2 billion a year, it can potentially be $32 billion, provided some of the trade barriers are removed by both the countries. Similarly, trade between the countries of South Asia can rise three times from the current $23 billion if the costs of trade are reduced.

These are some of the findings of a World Bank study titled A Glass Half Full: The Promise of Regional Trade in South Asia. Intra-regional trade accounts for just 5% of South Asia’s total trade as compared to 50% in East Asia and the Pacific and 22% in Sub-Saharan Africa. “Where the barriers are high, trade often flows along informal routes, through third countries or by avoiding customs checks,” notes the report.

Informal trade is around 50% of formal trade in South Asia. For instance, India’s informal trade with Nepal was as large as the formal trade; with Pakistan, it was 91% of formal trade and with Bhutan, it was almost three times the formal trade.

The costs of trade are very high in South Asia as compared with other regional trade blocs. The average cost of trade within South Asia is 20% higher relative to country pairs in Association of Southeast Asian Nations and over three times that of countries in the North American Free Trade Agreement.

Several nations in the region have also adopted opaque para-tariffs—duties imposed on imports.

The report underlines that policymakers in South Asia could address the trust-deficit among their countries by reinforcing the virtuous circle between trade and trust.

Source: financialexpress.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 22-10-2019
TRADE NOTICE NO. 37/2019-20
Mis - declaration of imported goods under 'Others' category of ITC (HS), 2017, Schedule-I (Import Policy)-reg.

Date: 18-10-2019
Notification No. 77/2019- Customs (N.T.)
Road from Nongjri (Barapunji), East Khasi Hills District, Meghalaya, to Kalairag (Bangladesh) between BP No. 1251/11-S-12-S

Date: 18-10-2019
Notification No.25/2015-2020
Incorporation of new provision in the Foreign Trade Policy 2015-20 about cases referred to National Company Law Tribunal (NCLT).

Date: 18-10-2019
PUBLIC NOTICE NO. 39/2015-2020
Incorporation of new provision in the Handbook of Procedure 2015-20 about cases referred to National Company Law Tribunal (NCLT).

Date: 17-10-2019
Notification No.76/2019 - Customs (N.T.)
Exchange Rates Notification No.76/2019-Custom (NT) dated 17.10.2019

Date: 16-10-2019
Notification No. 57/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI - reg.

Date: 15-10-2019
Notification No. 75/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 15-10-2019
NOTIFICATION No. 40/2019-CUSTOMS (ADD)
Seeks to impose anti-dumping duty on imports of Flat rolled product of steel, plated or coated with alloy of Aluminium and Zinc originating in, or exported from China PR, Vietnam and Korea RP.

Date: 14-10-2019
Notification No. 56/2019-Customs (N.T./CAA/DRI)
Appointment of CAA by DGRI - reg.

Date: 11-10-2019
No. 04/2019- Customs
Clarification regarding inclusion of cesses, surcharge, duties, etc. levied and collected under legislations other than Customs Act, 1962, Customs Tariff Act, 1975 or Central Excise Act, 1944 in Brand Rate of duty drawback



Exim Guru Copyright © 1999-2019 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001