Better Customs Procedures, Removal of Barriers Could Boost South Asian Trade, Tillerson Says
Streamlined customs procedures and removal of trade barriers could boost intra-regional trade in South Asia from the current $28 billion to more than $100 billion, Secretary of State Rex Tillerson said Oct. 18 during a Center for Strategic and International…
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Studies event. South Asian nations trade with one another only about 4 percent or 5 percent of the time, Tillerson added, while intra-regional trade among Association of Southeast Asian Nations (ASEAN) members composes 25 percent of those nations’ total trade.