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South Asian intra-regional commerce accounts for only five per cent of total global trade, the US Ambassador to India, Richard Verma, said here on Wednesday.
He was speaking at a Pan Asian Connectivity seminar organised by the Indiana University in association with the US Consulate, Kolkata.
"But connecting what has been called the least connected region on earth will not be easy. By some estimates, South Asian intra-regional commerce comprises only 5 per cent of total global trade," Verma said.
According to the Ambassador, India trades more with Europe, the United States and West Asia than with its immediate South Asian neighbours.
"Addressing the economic anomaly will involve overcoming some challenges, but if we do it will also create enormous opportunities for all involved," he added.
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