Overview of the Creative Exports of South Asian Economies-Challenges and Policy Recommendations
Any form of individual or group’s imagination that is new, novel, and unique and is traded in the market in […]
Regional Integration
South Asia is one of the least economically integrated regions, with intra-regional trade comprising just 5% of total trade. PRISA focuses on:
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Trade Facilitation: Removing barriers to trade and investment to unlock the region’s economic potential. This integration can take the form of free trade areas, customs unions, or economic unions, all aimed at boosting trade, investment, and regional prosperity.
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People-to-People Connectivity: Encouraging educational collaborations, tourism, and cultural exchanges to foster mutual understanding. These interactions foster understanding, trust, and cooperation, uniting the region while driving peace, stability, and economic growth. People-to-people connectivity is key to trade integration and innovation.
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Environmental Cooperation: Addressing cross-border environmental and climate change-related challenges through joint strategies and policies. By collaborating, South Asian countries can pool resources and expertise to develop sustainable solutions, conduct joint research, share best practices, and coordinate policies for clean energy and climate adaptation. Joint funds can further support these efforts.
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Promoting South Asian Identity: Celebrating the region’s long shared cultural heritage while fostering unity and regional cohesion. Recognizing historical figures, supporting cultural events, and promoting South Asia’s diverse heritage fosters pride, unity, and integration. Celebrating commonalities strengthens identity, bridges divides, and combats stereotypes for a more inclusive society.