Chinese assistance sought in infrastructure development
Sunday, 31 January 2010
FE Report
Mr. Annisul Huq, newly-elected President of SAARC Chamber of Commerce and Industry (SAARC CCI) said the miraculous economic development of China could be beneficial to South Asian economies provided compatible measures to enhance bilateral trade and investment are taken at Government level as the private sector of South Asia was ready to share economic benefits.
Mr Huq, also the President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) made the comments at the inaugural ceremony of a seminar of South Asia-Sichuan Business Seminar held recently at Chengdu, China held recently.
The President, SAARC CCI said that China has emerged as role-model for developing countries and has witnessed incredible socio-economic growth and its strength can be gauged by the fact that despite global financial meltdown, the country managed to achieve 8.7 per cent GDP growth rate in 2009.
Mr. Annisul Huq said that numerous complementarities for trade and investment exist between China and South Asia. "We must acknowledge China for its ability to produce quality goods at highly competitive price as a great facilitator to poor and middle class society of the entire World", adding that as an optimistic business representative of South Asia, China is a land of opportunities for small economies, provided they are given preferential market Access. For further promotion of economic cooperation he recommended China to relocates some Medium Sized Industries to SAARC nations in mutually interested areas, that could help bring two communities closer together. He said that Technical and non-technical barriers in China need to be removed as harmonized and simplified.
The SAARC CCI President said that China, being the biggest production house of many products, can provide technical assistance in areas of Science & Technology, Engineering, Hightech Machinery, Construction Industry, Automobiles, Chemicals, Textiles and Garments, Processed Fruits & Vegetables, Agriculture etc. China can help Infrastructure Building including energy in South as the region was facing shortfall of nearly 85000 MW of electricity and has inadequate infrastructure in roads, rails and transportation.
Mr. Annisul Huq, newly-elected President of SAARC Chamber of Commerce and Industry (SAARC CCI) said the miraculous economic development of China could be beneficial to South Asian economies provided compatible measures to enhance bilateral trade and investment are taken at Government level as the private sector of South Asia was ready to share economic benefits.
Mr Huq, also the President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) made the comments at the inaugural ceremony of a seminar of South Asia-Sichuan Business Seminar held recently at Chengdu, China held recently.
The President, SAARC CCI said that China has emerged as role-model for developing countries and has witnessed incredible socio-economic growth and its strength can be gauged by the fact that despite global financial meltdown, the country managed to achieve 8.7 per cent GDP growth rate in 2009.
Mr. Annisul Huq said that numerous complementarities for trade and investment exist between China and South Asia. "We must acknowledge China for its ability to produce quality goods at highly competitive price as a great facilitator to poor and middle class society of the entire World", adding that as an optimistic business representative of South Asia, China is a land of opportunities for small economies, provided they are given preferential market Access. For further promotion of economic cooperation he recommended China to relocates some Medium Sized Industries to SAARC nations in mutually interested areas, that could help bring two communities closer together. He said that Technical and non-technical barriers in China need to be removed as harmonized and simplified.
The SAARC CCI President said that China, being the biggest production house of many products, can provide technical assistance in areas of Science & Technology, Engineering, Hightech Machinery, Construction Industry, Automobiles, Chemicals, Textiles and Garments, Processed Fruits & Vegetables, Agriculture etc. China can help Infrastructure Building including energy in South as the region was facing shortfall of nearly 85000 MW of electricity and has inadequate infrastructure in roads, rails and transportation.