Preferential trade agreements, such as SAFTA, removing trade barriers by India, Chinese soft loans for infrastructure development and $800 million credit from India are some examples in South-South cooperation, he added. He spoke at a workshop organised by Economic Relations Division on effective south-south triangular cooperation in Dhaka. South-South Cooperation is a term historically used by policymakers and academics to describe the exchange of resources, technology, and knowledge between developing countries, also known as countries of the global south. South-South trades have immense potential due to the shifting of economic, political and social aspects to Asia, said UNDP Country Director Pauline Tamesis.

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