Trade corridor: SAARC CCI stresses need to enhance trade in the region

A cargo corridor, trans-Asia railway network should be established to reduce the cost of doing business in the region.

ISLAMABAD:

 “We have abundant resources, both human and natural, possess enriched and fertile land tracts but people of the SAARC countries are suffering due to low integration among the regional countries”, said Vice President SAARC Chambers of Commerce and Industry Iftikhar Ali Malik while addressing a workshop organized by SCCI in collaboration with Federation of Pakistan Chambers of Commerce and Industry in Islamabad on Wednesday. 

He said there was a wide scope for close cooperation among the SAARC countries in various fields to help boost industrial competitiveness with a special focus on alleviating poverty in the region.

Haroon Sharif, advisor to the World Bank Group on South Asia, said on the occasion that building better infrastructure is important for the region to boost its intra trade. He suggested that a cargo corridor, trans-Asia railway network should be established in order to reduce the cost of doing business in the region.

Published in The Express Tribune, November 14^th, 2013.

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