The World Bank has recently approved finance to the tune of US $1.03 billion to help improve regional trade in Bangladesh and Nepal by cutting down on transport costs, trade and transit time along regional corridors.
This was claimed by media reports, which added the Accelerating Transport and Trade Connectivity in Eastern South Asia (ACCESS) Programme Phase-1 will help the Governments (of Bangladesh and Nepal) to address the key barriers to regional trade, inadequate transport and trade infrastructure, manual and paper-based trade processes, and restrictive trade and transport regulations and processes.
Reports further added, the programme will also help improve selected road corridors and upgrade key land ports and custom infrastructure while ensuring a green and climate-resilient construction, which will help the integration of Bhutan and Nepal, both of which are landlocked, with the gateway countries of India and Bangladesh.