Taskforces to Promote SAARC Connectivity and Trade

30 September 2015

Taskforces in energy cooperation, trade facilitation, trade infrastructure, foreign direct investment, and people-to-people contact will be formed to promote connectivity and trade in the South Asia Association for Regional Cooperation (SAARC) region.

Mr. Piyush Goyal, India's State Minister for Power, Coal, and New and Renewable Energy, said the planned effort is in line with India Prime Minister Narendra Modi's vision of South Asian "oneness" — stronger economic cooperation within SAARC will help the Governments increase inclusiveness, as well as bring about sustained peace and security across the region.

According to Mr. Chandrajit Banerjee, Director General, Confederation of Indian Industries (CII), the taskforces will examine key areas for regional cooperation in greater depth, and will be led by CII partners from SAARC member countries. The World Bank will provide support for the planned follow-up actions to enable South Asian economic integration. Ms. Annette Dixon, Vice President, World Bank in South Asia said this effort underscores the role the private sector must play in integrating economies in South Asia.

CII arranged the 3-day South Asia Economic Conclave on 28-30 September 2015 in New Delhi, India to stimulate informed dialogue between the private sector and governments to promote regional trade and investment. The forum was supported by the Government of India and the World Bank, and attended by Ministers from Bangladesh, Bhutan, India, the Maldives, and Nepal, as well as business leaders from all SAARC member countries.


Related Links:

The Asian Development Bank (ADB) approved on 27 August 2021 a $1.78 billion multitranche financing facility (MFF) to...

Read More


The Governments of India and Maldives held a signing ceremony for the Greater Male Connectivity Project (GMCP) on...

Read More


The Royal Monetary Authority of the Government of Bhutan launched www.bhutanmade.bt. This website is an e-commerce portal...

Read More


The Ministry of Finance of the Government of Nepal launched the Sixth Customs Reform and...

Read More


The Governments of India and Nepal held the Ninth Meeting of the Nepal-India Oversight Mechanism on 16 August...

Read More


Bangladesh’s National Board of Revenue (NBR) has issued the 'Speedy disposal and Release of Perishable Goods Rules-2021.' This...

Read More


The Bangladesh Cabinet Committee on Government Purchase on 19 August 2021 ...

Read More