06 April 2017 Current Affairs: Union Finance Minister Arun Jaitley chaired the South Asia Subregional Economic Cooperation (SASEC) Finance Ministers meeting in New Delhi.
It was attended by the seven Finance Ministers from Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal and Sri Lanka and the Asian Development Bank as a supporting SASEC in this endeavor.
Myanmar has joined the SASEC program as its seventh member.
A SASEC vision document was launched on the occasion.
SASEC vision:- 'We ring Asia in 21st century'
Three main pillars of synergy in transport, trade facilitation and energy were discussed.
About SASEC:- Full Form:- South Asia Subregional Economic Cooperation
Founded : 2001
Type : Subregional program
Headquarters : Manila, Philippines
Region served : South Asia
Membership : Bangladesh, Bhutan, India, Maldives, Myanmar, Nepal, Sri Lanka