Connectivity and cooperation

Context:

India and Nepal must update transport agreements. Success hinges on Nepal's efforts to boost trade capabilities and adjust industry capacity.

Rejuvenating Regional Cooperation

SAARC's Ineffectiveness: SAARC's dysfunctionality hinders regional cooperation in South Asia, necessitating a fresh approach to revive collaboration.
Empowering Trade Corridors: Prioritizing Highly Facilitated Trade Corridors (HFTC) in BBIN and BIMSTEC regions can enhance regional integration and economic growth.
CSEP's Policy Brief: The policy brief emphasizes the potential of HFTC in addressing border transport and trade challenges.

Enhancing India-Nepal Relations

Empathy and Trust: India-Nepal relations should be driven by empathy, trust, and complementarity, with a focus on efficient trade facilitation.
Trade Infrastructure Improvement: Structural changes, including addressing trade-related constraints, are vital for efficient trade and transport facilitation between India and Nepal.
Nepal's Role in Modernization: Nepal's willingness to enhance trade-related capacity and recalibrate industrial capabilities is crucial for modernizing transport and transit agreements.

Overcoming Economic Challenges in Nepal

Prioritizing Connectivity: Nepal must reassess priorities and overcome Chinese-driven infrastructural delays, focusing on improving connectivity with India.
Addressing Economic Woes: Economic challenges, including inflation and market imperfections, are linked to Nepal's landlocked status and trade norms that need reform.
India-Nepal Collaboration: Bilateral cooperation, grounded in trust and joint action, can drive economic activities, improve connectivity, and benefit all Nepalis.

You must be logged in to get greater insights.

Towards stabilization of U.S.-China ties

International Relations US-China

Two wrong prescriptions

Economy Growth and Development

AI safety summit

Science & Technology Artificial Intelligence

IEA World Energy Outlook 2023

Economy Economic Sectors

West Antarctic warming

Ecology and Environment Climate Change

‘Carbon Nanoflorets’ for Efficient Heat Conversion