English | دری

South Asia Economic Conclave kicked off in Delhi

in Afghan Business

South Asia Economic Conclave kicked off in Delhi

The three-day South Asia Economic Conclave (SAEC) has begun in New Delhi and it focuses on developing a roadmap of inclusive growth through economic integration.

The conference is an effort by the Confederation of Indian Industry (CII), and multilateral development lenders such as the World Bank and the Asian Development Bank seem to have a great interest in the event.

Afghanistan was represented in the event by the Afghanistan Chamber of Commerce and Industries (ACCI) officials who termed the conference as “very important” for regional trade.

Deputy Chief Executive of the ACCI, Abdul Qadir Bahman, said an agreement on a joint chamber of commerce between India and Afghanistan had been reached.

He added the joint trader body would help address the problems faced in trade between the two nations.

India’s Railways Minister Suresh Prabhu inaugurated the high-profile event on Monday and dubbed it as ‘a game changer’.

“If Asia is the future of global economy, South Asia is at its heart,” he said.

Meanwhile, Annette Dixon, the World Bank vice president for South Asia, said South Asia was one of the least integrated regions of the world despite its huge potentials.

The region only contributes 5% to the world trade, according to Dixon.

The objective of this forum is to stimulate informed dialogue between the private sector and governments to promote regional trade and investment, which would in turn help catalyze higher growth and new job opportunities for all countries in South Asia.


Tags assigned to this article:
South Asia economic conclave

Related Articles

USD 30mn Afghan de-mining contract awarded to Sterling Global Operations

Headquartered in Lenoir City of Tennessee, Sterling Global Operations won USD 30mn contract for demining work in Afghanistan. The contract

Special commission formed to resolve Afghanistan’s tax collection issues

A special commission which comprises the Ministry of Finance (MoF), the Ministry of Justice (MoJ) and the Attorney General’s Office

Expansion of telecom coverage to reduce internet cost in Afghanistan

With the recent expansion in Afghanistan’s telecom coverage, Ministry of Telecommunications and Information Technology hopes that the internet cost would

No comments

Write a comment
No Comments Yet! You can be first to comment this post!

Write a Comment

Your e-mail address will not be published.
Required fields are marked*

Time limit is exhausted. Please reload the CAPTCHA.