Aizawl, May 3 (UNI) A blue-print on the NE state trade and investment creation initiative is expected to be finalised within June 2006, after consultations with the North Eastern Council (NEC) and the Planning Commission. DoNER ministry sources here today said.
The Ministry of Development of North Eastern Region (DoNER) will seek technical assistance from the Asian Development Bank to develop a trade and investment framework, which will enable NE region to better position itself to participate in global and regional markets and to reap the gains from specialisation, agglomeration of economies and globalisation, sources added.
The project seeks to build on the locational advantage of the North Eastern region which borders five countries such as Bangladesh, Myanmar, China, Bhutan and Nepal.
The products in which the region has a comparative advantage and the trading points through which trade can be promoted will be identified. The project also seeks to identify policies, legal and constitutional constraints hampering trade and develop an export facility, sources added.
UNI SNR SP SB DS1127