Tourism Trade
Tourism Trade
Realizing the Potential in South Asia
This chapter examines the status of tourism cooperation and trade in South Asia, the associated constraints, and how regional integration can be promoted in this sector. It describes recent growth, investment, and employment trends in tourism services and evaluates where South Asia stands compared to other regions. It also looks at the regulatory and policy environment and recent developments with regard to foreign direct investment, domestic private sector participation, and other institutional issues. The chapter then focuses on industry initiatives with regard to cross-border investments in the tourism industry. It discusses the main constraints affecting intra-regional cooperation in tourism services, focusing in particular on issues of investment, connectivity, and people mobility. The chapter also assesses the status of multilateral and other commitments by the South Asian countries in tourism services to determine their preparedness to negotiate and liberalize under a regional agreement.
Keywords: South Asia, tourism, trade, regional integration, employment, foreign direct investment, private sector, intra-regional cooperation
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