India is likely to spend $200 million to set up new dry ports on its border areas, adjacent with Bangladesh, Nepal and Pakistan to boost trade with South Asian countries. However, to facilitate the process there are couple of things which need attention.
Almost all the countries have a negative list and movement restrictions befitting their own economic interest. To facilitate a faster trade this need to be resolved as these factor are hindrance in trade.
Apart from business angle this sort of trade arrangement will help South Asian Nations to engage in constructive politics as well.
India will establish eight dry ports at Indo-Bangladesh border, four on Indo-Nepal border and one on Indo-Pak border. The port is likely to attract multilateral financing institutions for assistance through efforts take jointly.
Tariff liberalization in this are will come to effect from July1.
Via Asia Times
