Closer economic ties between China, S. Asian nations sought at 12th CSAFB

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ISLAMABAD

SAARC Chamber of Commerce and Industry President, Suraj Vaidya led a twenty member delegation to attend and Co-host, the 12th edition of China South Asia Business Forum (CSABF) in Kunming Yunnan, China.

The delegation comprised of leading businessmen from all SAARC member states and the office bearers of SAARC CCI, said a statement issued here on Monday.

The 12th CSABF was organized by China Center for Promotion of International Trade (CCPIT) Yunnan Province of PRC in collaboration with SAARC Chamber of Commerce and Industry.

This year the forum was organized under theme, “Challenging Opportunities: Employment Creation and Innovative Investment”.

The Leaders from South Asian countries have urged for deeper economic cooperation with People’s Republic of China (PRC), stating that China south Asia economic cooperation would change the Global economic order of the world and add to global prosperity.

Since the creation of this platform in 2006, the bilateral trade between China and the South Asian countries paced with tremendous growth rate of 15pc per annum and increased from mere 25 billion US $ in 2006, to 113 Billion US $  in 2016.

The Leadership of South Asia invited Chinese enterprises to explore investment opportunities in areas of mutual interest particularly in non-conventional sectors.

During the Inaugural session of 12th CSABF, SAARC CCI signed two MoU with Beingmate and OBOR Platform.

The MoU with Beingmate, is a first joint effort towards Corporate Social Responsibility to benefit the families in South Asian countries.

Beingmate Creation, the very first EU-standard, infant milk formula offering of Beingmate, is manufactured in Ireland for both babies in China and EU. According to this MoU, the Beingmate will donate maximum 120,000 cans of infant milk to SAARC CCI for distribution on a need basis in South Asian Countries. This step will ensure alleviation of infants.

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