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South Asia Subregional Economic Cooperation
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| Abbreviation | SASEC |
|---|---|
| Founded | 2001 |
| Type | Subregional program |
| Headquarters | Manila, Philippines |
Region served | South Asia Southeast Asia |
| Membership | Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka |
| Website | http://www.sasec.asia |
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The South Asia Subregional Economic Cooperation (SASEC) Program, set up in 2001, brings together Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, and Sri Lanka in a project-based partnership to promote regional prosperity by improving cross-border connectivity, boosting trade among member countries, and strengthening regional economic cooperation.[1] As of June 2020, SASEC countries have implemented 61[2] regional projects worth over $13 billion in the energy, transport, trade facilitation, economic corridor development, and information and communications technology (ICT) sectors. The Manila, Philippines-based Asian Development Bank (ADB) serves as the Secretariat for the SASEC member countries.
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