Impact of South Asia Sub-Regional Arrangements on Tripura Trade and Tourism

Abstract

The South Asia Sub-regional Arrangement (SASA) aims to promote trade and tourism in landlocked South Asian nations, fostering interpersonal connections and economic growth. The Act East Policy and SASA have stimulated connectivity development, SEZ creation, and economic corridor development in three geographically isolated Indian states, enhancing tourism infrastructure. The SASEC initiative aids in trade and tourism growth in geographically isolated regions, suggesting that countries with trade facilitation advantages can effectively boost tourism. Bangladesh's unique trade balance, both positive with Tripura and negative with India, may encourage future bilateral relations, especially with Tripura. The test results show a surge in foreign tourist arrivals, typically leading to the growth of Tripura's net state domestic product and per capita income. The study explores the link between trade facilitation initiatives and tourism promotion in Tripura and suggests strategies for their implementation.