‘Asia cannot prosper without South Asia’


ISLAMABAD, (UrduPoint / Pakistan Point News - 3rd Dec, 2018 ) :President SAARC, Chamber of Commerce and Industry (SAARC CCI) Ruwan Edirisinghe has said that this century belongs to Asia and Asia cannot proposer without development in South Asian region.

South Asia represents one fifth of world’s market and untapped market for investment and business ventures,he said while addressing the 32nd edition of Confederation of Asia Pacific Chambers of Commerce and Industry of the Asia- Pacific Region (CACCI) summit titled "Asia: Expanding Borders", held in Istanbul, Turkey.

The Union of Chambers and Commodity Exchanges of Turkey (TOBB) hosted the summit,said a statement issued by SAARC, CCI here on Monday.

Ruwan invited the investors to explore the business opportunities of South Asia and strengthen ties.

Vice President, SAARC CCI (Nepal), Chandi Raj Dhakal, Executive Member (Nepal),Desh Bhandu Basnet, and Deputy Secretary General, of SAARC CCI, Zulfiqar Butt were part of the delegation.

Turkish Vice President, Fuat Oktay, Turkish Trade Minister, was the Chief Guest at the opening ceremony and delivered a key note address.

President, SAARC CCI,Ruwan Edirisinghe was key note speaker in the session titled "Regional Integration and Connectivity for Sustainable Development". Earlier, Chandi Raj Dhakal, Vice President, SAARC CCI (Nepal), addressed the session on Tourism.

The SAARC CCI leadership also held meetings with the President Union of Chambers and Commodity Exchanges of Turkey (TOBB) Rifat Hisarciklioglu, President, ), Arnaldo Abruzzini, CEO,EUROCHAMBRES on the way forward for a mutually beneficial cooperation.

The idea of holding joint session of SAARC CCI and ECO meeting was also discussed in length.

During the last section of the 32nd CACCI summit, the 90th Council Meeting took place, chaired by Samir Modi, who took over from Jemal Inaishvili as President of CACCI.

TOBB President Rifat Hisarciklioglu, and Mongolian National Chamber of Commerce and Industry (MNCCI) CEO and SRCIC Vice Chair Oyunchimeg Magvan, were re-elected as CACCI Vice Chairs.

Leaders of commercial chambers and associations from Turkey, Australia, Georgia, Russia, Bangladesh, India, Iran, Laos, Mongolia, Nepal, Pakistan, and Sri Lanka attended the conference, discussing the development opportunity between public and private sectors in Asia-Pacific Region, and cooperation in trade, industry, economy and other areas.

CACCI is a non-governmental regional grouping of apex national chambers and business enterprise in Asia Pacific and the Western Pacific.

The CACCI annual conference attracts industry leaders from across Asia-Pacific countries and serves as an important platform to discuss and deliberate upon key economic issues impacting global businesses.

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