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A new wave of economic regionalism is sweeping Asia-Pacific, motivated not only by the continuing economic difficulties in the developed economies but also by the search for efficiency-seeking regional production networking. As one of the least integrated subregions in the world, South and South-West Asia has huge underexploited potential of intraregional trade. However poor overland transport connectivity and facilitation lead to high trade costs and do not allow intraregional trade to benefit from geographical proximity and contiguity.

This publication argues that a broad coordinated approach to integrate the transport corridors of the ECO, BIMSTEC, SAARC regional organizations to connect Turkey with Myanmar has the potential to maximize network externalities. Besides facilitating intraregional trade and regional value chains, it can make the subregion has a hub of Europe and Central Asia trade with East Asia, as it once was. It also discusses the way forward to realize the potential of strengthening connectivity across South and South-West Asia.

A new wave of economic regionalism is sweeping Asia-Pacific, motivated not only by the continuing economic difficulties in the developed economies but also by the search for efficiency-seeking regional production networking. As one of the least integrated subregions in the world, South and South-West Asia has huge underexploited potential of intraregional trade. However poor overland transport connectivity and facilitation lead to high trade costs and do not allow intraregional trade to benefit from geographical proximity and contiguity.

This publication argues that a broad coordinated approach to integrate the transport corridors of the ECO, BIMSTEC, SAARC regional organizations to connect Turkey with Myanmar has the potential to maximize network externalities. Besides facilitating intraregional trade and regional value chains, it can make the subregion has a hub of Europe and Central Asia trade with East Asia, as it once was. It also discusses the way forward to realize the potential of strengthening connectivity across South and South-West Asia.

Contact
Subregional Office for South and South-West Asia +91 11 3097 3700 [email protected]