SASEC Operational Plan objectives

Q.  Which of the following is/are true regarding SASEC Operational Plan (OP) objectives?

1) SASEC OP aims to diversify the energy mix in the SASEC countries.
2) SASEC OP plans to harmonize trade procedures of both land-based and sea-based routes.
- Published on 30 Sep 16

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2

ANSWER: Both 1 and 2
 
  • The SASEC OP identifies regional road and rail links aligned closely with trade routes toward the east.
  • Planned measures to streamline and harmonize trade procedures will cover both land-based and sea-based routes.
  • This will open opportunities for the SASEC countries to participate more actively in regional value chains that are more advanced in Southeast Asia.
  • The SASEC OP also promotes the development of economic corridors within and between the member countries.
  • The energy strategy under the SASEC OP aims to diversify the energy mix in the SASEC countries to cope with the projected increase in demand.
  • The immediate priority is to improve energy infrastructure that will allow countries to access commercial sources of energy and diversify their fuel mix.

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