Smoothen regional communication for better trade: Business leaders
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Saturday
February 04, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
SATURDAY, FEBRUARY 04, 2023
Smoothen regional communication for better trade: Business leaders

Trade

TBS Report
27 November, 2019, 08:30 am
Last modified: 27 November, 2019, 10:56 am

Related News

  • Diversifying products for economic prosperity
  • Mexico keen to expand trade with Bangladesh
  • How Europe needs freight trains to cross Russia from China
  • Largest biz summit in Mar to showcase trade opportunities
  • China's 2022 trade with Russia hit record $190 bln - customs

Smoothen regional communication for better trade: Business leaders

The 33rd conference of the Confederation of Asia-Pacific Chambers of Commerce and Industry has started in Dhaka on Tuesday

TBS Report
27 November, 2019, 08:30 am
Last modified: 27 November, 2019, 10:56 am
Smoothen regional communication for better trade: Business leaders

Business leaders have called for smoother regional networking and communication to boost trade among the member countries of the Confederation of Asia-Pacific Chambers of Commerce and Industry (Cacci).

Representatives from different countries made the call at the opening ceremony of the 33rd conference of Cacci in Dhaka on Tuesday.

Pradeep Kumar Shrestha, the organisation's vice-president from Nepal, said, "As a regional platform, Cacci should think about developing a smooth networking and communication system within its member countries. We cannot work properly without a strong network today." 

"We need to utilise the opportunity to know and do business with each other through this platform. 

"If you see some regional ways – how the Asian tigers have gotten together and developed them and how the EU did the same, you will find it very unfortunate that the Saarc countries have failed to do that. Even travelling from Bangladesh to India, Bangladesh to Pakistan is still a problem," he said.  

"Cacci can lead its 29 member countries, who together can sign an agreement on seeing each other and exploring trade and business opportunities," added Pradeep Kumar Shrestha, also the managing director of Panchakanya Group. 

He hoped that five to seven other countries will be added to this platform very soon. 

"West is very saturated. Two-thirds of the population of the world live in the eastern part of the world, that is the Asia-Pacific region, where most of the developing and under developed countries are. It is an opportunity for us. Though there are a lot of problem, but those problems can be solved," opined Pradeep Kumar Shrestha.

In his inaugural speech, Cacci President Samir Modi said, "Business leaders now must think about free movement of product, capital and people in this region."

"We need to form a unified regulation to develop a system and to help entrepreneurs to take the tremendous opportunity created by globalisation," he added.

The Asia-Pacific region is now the world's largest and fastest developing economy spearheading growth in trade, investments, new technologies, innovation and reforms.

Samir Modi said the recent economic trends in Asia and the Pacific lend optimism to perceptions that the region will maintain its preponderant influence as the engine of the global economy in future also.

While Asia is at the forefront of the global economy today, it confronts some fundamental challenges that may require a shift in the region's growth model, he said. 

Preserving international and regional collaboration also remains an important overarching objective for strong economic integration of the region, the Cacci President added.

Pedram Soltani, Cacci vice-president from Iran, said, "We should focus on working together and discuss the challenges and opportunities of building a strong network to boost our national economy."

He said, "We have scope to work together in the coming days to make Asia and Asia-Pacific economy stronger." 

"The track record of some of the Asian economies, like that of China, India, Indonesia and Bangladesh, has given us confidence about growing more together," added Pedram Soltani, chairman of Persol Corporation, a global supplier of petroleum products and petrochemicals.

The Prime Minister's Adviser on Private Industries and Investment Salman F Rahman attended the programme as the chief guest.

He said, "Two deep sea ports – Matarbari and Payra – will be able to fully operate by the next three to four years."

"The ports will be a game-changer for export-import business of Bangladesh," said Salman.

"Not having deep sea ports is a big challenge for us as we are currently doing export-import business using ports in Singapore and Colombo," Salman added.

Federation of Bangladesh Chambers of Commerce and Industry President Sheikh Fazle Fahim also spoke at the event. 

Top News

CACCI / Trade

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Is the IMF to blame for growing pressure on your wallet?
    Is the IMF to blame for growing pressure on your wallet?
  • Dr Salehuddin Ahmed. Illustration: TBS
    Reforms in banking must to sustain financial sector
  • Why 2012 reforms were not done is a million-dollar question
    Why 2012 reforms were not done is a million-dollar question

MOST VIEWED

  • India to import goods from Bangladesh by rail
    India to import goods from Bangladesh by rail
  • File image
    India allows goods import from Bangladesh by rail, framework set
  • Photo: Mohammad Minhaj Uddin/TBS
    Direct container shipping to the United Kingdom starts on Friday
  • Photo: Collected
    No barrier in wheat import from India: Tipu Munshi
  • Photo: Courtesy
    Ctg Chamber president slams edible oil hoarders
  • Photo: Mohammad Minhaj Uddin/TBS
    NBR to allow more firms easy release of goods from ports

Related News

  • Diversifying products for economic prosperity
  • Mexico keen to expand trade with Bangladesh
  • How Europe needs freight trains to cross Russia from China
  • Largest biz summit in Mar to showcase trade opportunities
  • China's 2022 trade with Russia hit record $190 bln - customs

Features

Andy Mukherjee. Sketch: TBS

What makes India's billionaires' support special for Adani

14h | Panorama
Photo: Rejaul Hafiz Rahi

A jackal farewell

15h | Earth
The trio spearheading the revival of book cover designs

The trio spearheading the revival of book cover designs

16h | Panorama
Six Jeep Wranglers and a special XJ Jeep Cherokee set out into the depths of Lalakhal, Sylhet for an experience of a lifetime. Photo: Ahbaar Mohammad

Jeep Life Bangladesh: A club for Jeep owners to harness the power of their vehicles

1d | Wheels

More Videos from TBS

A proper price formula can help investors to plan big

A proper price formula can help investors to plan big

1d | TBS Round Table
Rumors about Sarika that everyone thinks are true

Rumors about Sarika that everyone thinks are true

1d | TBS Entertainment
Mugging rife in Tejgaon, murder in Wari

Mugging rife in Tejgaon, murder in Wari

1d | TBS Current Affairs
What secrets are hidden behind Adani's wealth?

What secrets are hidden behind Adani's wealth?

1d | TBS Stories

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected
Panorama

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

3
Photo: Collected
Energy

8 Ctg power plants out of production

4
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

5
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

6
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]