South Asia Subregional Economic Cooperation

South Asia Subregional Economic Cooperation
AbbreviationSASEC
Founded2001
TypeSubregional program
HeadquartersManila, Philippines
Region served
South Asia
Southeast Asia
MembershipBangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka
Websitehttp://www.sasec.asia

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. As of September 2025, SASEC countries have implemented 61 regional projects worth over $23 billion in the energy, transport, trade facilitation, economic corridor development, information and communications technology (ICT), health, and tourism sectors. The Manila, Philippines-based Asian Development Bank (ADB) serves as the Secretariat for the SASEC member countries.