Home / Misc. / South Asia remains one of the least integrated region in world with intra-regional trade being less than 6percent of region’s total trade: Alamgir Chaudhry

South Asia remains one of the least integrated region in world with intra-regional trade being less than 6percent of region’s total trade: Alamgir Chaudhry

Lahore, May 05, 2015 (PPI-OT): South Asia remains one of the least integrated region in the world with intra-regional trade being less than 6% of the region’s total trade. It was observed by Mr. Muhammad Alamgir Chaudhry, Chief Executive Officer of the Small and Medium Enterprises Development Authority (SMEDA) while addressing an inception workshop organized by SMEDA in collaboration with South Asian Association of Regional Cooperation (SAARC).

The workshop was held to kick off the SAARC Trade promotion project to promote textile/Garments Value Chains across SAARC region. Mr. Kuldeep Sharma, a CBI consultant from Netherlands, Mr. Sampath Kasirajan, a Textile Consultant of Federation of Micro and Small Enterprises (FISME) and Mr. V. N Sastry, Joint Secretary of FISME, India also addressed the workshop, which was attended by a number of the leading representatives of textile industry in Pakistan.

Mr. Alamgir Chaudhry CEO SMEDA, while delivering address of welcome to the participants, expressed hope that workshop would pave way for developing a “Trade Promotion Network” (TPN) for promoting regional value chain in Textile sector under umbrella of SAARC. He assured that SMEDA, while working as a partner organization from Pakistan in this project would be extending the fullest cooperation to achieve the set goals. He regretted that the current volume of inter-regional trade among the SAARC member countries was to the dismal level, which needs to be enhanced and Pakistan being a textile country is ready to play due role in this respect.

CEO SMEDA also highlighted the role of SMEDA to be played in Pakistan for development and facilitation of SME sector.

This is notable that the SAARC Trade Promotion Network (SAARC-TPN) has been conceived to facilitate closer integration of the value chains in the SAARC area. SAARC – TPN is supported by technical assistance of the Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) GmbH. There are twenty-eight organizations from both public and private sectors across SAARC countries, which have joined together to constitute SAARC Trade Promotion Network.

To facilitate closer integration of value chains in the SAARC area, SAARC –TPN has launched a program to focus on the promotion of regional value chains in Textile/Garments sector.

The core objective of the program is to facilitate intra-regional trade and contribute to the removal of specific non-tariff barriers in these sectors.

In the first phase, the program aims at linking Pakistani textile units with Bangladeshi and Sri Lankan textile units with a focus on exporting Yarn and Fabric from Pakistan.

For more information, contact:
Liaqat Ali Gohar
DGM (Admin. and PR)
Small and Medium Enterprises Development Authority (SMEDA)
4th Floor, Building No. 3, Aiwan-e-Iqbal Complex,
Egerton Road, Lahore
Tel: +92-42-111-111-456
Fax: +92-42-36304926-7
Email: aligohar@smeda.org.pk, helpdesk@smeda.org.pk
Website: www.smeda.org.pk

Comments are closed.

Scroll To Top