Dhaka, April 6 -- The agreement signed on Maritime Transport Cooperation (AMTC) will enhance port efficiency, harmonize maritime policies, and streamline customs procedures, ensuring smoother movement of goods and services, said the BIMSTEC Secretariat on Sunday.

With AMTC in place, the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) now has a "comprehensive framework" for seamless maritime transport, aimed at reducing logistical bottlenecks and deepening economic integration, reports UNB.

Beyond trade facilitation, AMTC seeks to boost investment in key maritime infrastructure, including ports, shipping lanes, and coastal logistics hubs, fostering regional economic growth and stability.

It also ...