Download or read book BIMSTEC Trade Facilitation Strategic Framework 2030 written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-12-01 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report outlines nontariff barriers to trade between BISMSTEC subregion countries and shows how a structured approach centered on boosting compliance, harnessing technology, and improving infrastructure can bolster intraregional trade. It gives a run-down of the trade infrastructure and regulations of each member country–Thailand, India, Bangladesh, Myanmar, Sri Lanka, Bhutan and Nepal–outlines the constraints each faces and details progress made to date. Explaining how the region is recovering from the pandemic, it shows how factors such as faster clearing, stronger mutual agreements, and greater automation can streamline trade between the countries and spur economic growth.