ATHMANDU, Nov 29: SAARC Chamber of Commerce and Industry (CCI) has finally received recognition from the eight-member regional bloc.
A team of SAARC CCI led by its senior vice president Suraj Vaidya participated in the 18th SAARC Summit held in Kathmandu on November 26 and 27 as observe participants. SAARC CCI members from Pakistan, Bhutan, Bangladesh and India also participated in the summit.
Members of SAARC Chamber of Commerce and Industry meet Prime Minister Sushil Koirala at the Prime Minister’s Official Residence in Baluwatar, Kathmandu on Friday. (Keshab Thoker/Republica )
Saurabh Jyoti, executive member of SAARC CCI, said SAARC CCI finally succeeded in due recognition after 22 years of its establishment. "This is the first in the history of SAARC that private sector was allowed to participate in the inauguration and closing ceremonies of SAARC Summit," added Jyoti.
Jyoti also said SAARC CCI office-bearers and executive members separately met Indian Prime Minister Narendra Modi and Bhutanese Prime Minister Tshering Tobgay and requested them to raise economic agendas in the summit.
In the meeting with Modi held on Thursday, officials of SAARC CCI requested the Indian Prime Minister to improve regional connectivity and ease visa procedures for entrepreneurs of SAARC countries for doing business in India. They also suggested to Modi to take necessary initiatives for raising SAARC member countries´ intra regional trade from existing 5 percent to 8 percent of their total trade within three years. Similarly, they also urged Modi to take initiative for reviving economic corridors at bilateral, sub-regional and regional talks.
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