Jan 16
CSA kicks off promising to boost regional cooperation PDF Print E-mail

The six day fair began at the Dianchi International Convention and Exhibition Centre in the capital of Yunnan province.


"Making China a major source of foreign direct investment (FDI) for South Asian and Southeast Asian nations through industrial capacity building is one of the major targets of the Chinese government", Chinese Vice President Zhang Gaol told the inaugural ceremony.




He said the Kunming Fair would strengthen the relations between China and South Asia and South Asia to promote both-way trade and investment.


However, he said China had already showed its strong commitment towards regional economic development by promoting its investment in different countries like Bangladesh, Sri Lanka and Pakistan covering major infrastructure and power sector.


He also said there would be more cooperation from China for the development of trade investment towards attaining higher economic growth.


He suggested all the countries concerned to ease their visa and customs process and introduce more direct flights among them, which would help trade, business and tourism as well.


Chinese Vice Minister for Commerce Gao Yan said her government has been working on various issues like FTA (Free Trade Agreement) so the trade and investment between China and South Asia and Southeast Asia increase further.


Vice President Li Yuanchao and President of Yunnan Chen Hao addressed the inaugural function, among other leaders from the host country and South Asia.


Participants from around 72 countries from around the world are taking part in the 4th China-South Asia Expo. Afghanistan, Bangladesh, Bhutan, India, Maldives, Pakistan, Sri Lanka, and Nepal are participating from South Asia region.


A total of 18 pavilions have been set up at the expo venue. Around 5,000 exhibitors will showcase their produces at 8,000 booths for the next six days till June 17. More than 74,000 tickets of the fair have already been sold out to visitors.


Some important conferences like International Production Capacity Cooperation Forum, China -South Asia Business Forum and Meeting on Cooperation Federation of Chambers along Bangladesh, China, India, Myanmar (BCIM) Economic Corridor have been organised during the Expo.


Industries Minister Amir Hossain Amu, high officials and business delegations from Bangladesh are participating in the Expo and the side events, according to BSS. - IH

Source -  The Financial Express