Sasec Meaning & Purpose
SASEC Full Form
SASEC stands for South Asia Subregional Economic Cooperation. It is a project-based partnership aimed at promoting regional prosperity and economic growth in South Asia.
Objectives of SASEC
SASEC focuses on enhancing connectivity and facilitating trade among member countries. It supports projects in transport, energy, and trade facilitation.
Key areas of cooperation include:
- Transport infrastructure
- Energy connectivity
- Trade and investment
- Economic corridor development
Impact on Regional Development
SASEC initiatives have significantly improved regional connectivity and economic integration. By addressing infrastructure gaps and promoting cross-border trade, SASEC contributes to poverty reduction and sustainable development in member countries.
The program plays a crucial role in fostering regional cooperation and economic resilience.