Business delegation leaves for Nepal to attend 6th business conclave


Staff Report


A 35-member delegation of the private sector Tuesday left for Kathmandu, Nepal to participate in three-day “6th SAARC Business Leaders Conclave commencing from March 16 to explore the investment avenues in agriculture, industrial and energy sectors and promote trade among the member countries in South Asia.

Talking to media prior to departure to Kathmandu, head of the delegation, SAARC CCI Vice President Iftikhar Ali Malik said the distinctive features of Business Leaders Conclave will also be highlighted during the deliberations, besides the briefing to the participants on regional issues confronting the South Asian countries hindering in the way of rapid economic prosperity”, according to a press release.

He said this mega event will bring positive change in South Asian economic and political outlook as leading business leaders, politicians, opinion makers, senior dignitaries from public and private sectors of SAARC member nations, prominent academicians, and Industry players, renowned and celebrated figures of South Asia being the drivers of socio-economic change will vocally advocate policies that promote regional economic cooperation.

Answering a question about progress of SAARC CCI towards integration of economy in South Asia, he said he is always optimistic about bright future of South Asia despite this fact that SAARC has taken small steps at a time there has never been a case of looking back.  As a result, SAARC today has many a success story to relate.” He further said, “Since the early 1990s, SAARC has taken several important initiatives to enhance regional economic integration. The SAARC Preferential Trading Arrangement (SAPTA), the South Asian Free Trade Area (SAFTA), and more recently, the SAARC Agreement on Trade in Services (SATIS) are landmark Agreements in the pursuit of our common objective of speedy regional integration. With the coming into being of these Agreements, statistical evidence suggests that intra-sub regional trade among SAFTA members is rising slowly and steadily. South Asia’s intra-sub-regional trade share increased substantially.


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