Emphasizing the need for exchanging trade delegation frequently between Saarc countries to boost trade, Vice President, Saarc Chamber of Commerce and Industry, Iftikhar Ali Malik, has expressed hope that trade between India and Pakistan can be doubled just in few years with removal of non-tariff barriers.

Talking to The Nation, he said that it is objective of the chambers that trade between Saarc countries should increase substantially in near future at the side of India and Pakistan. He said measures adopted by India and Pakistan will help build better trade relations and increasing confidence on each other.

He appreciated measures adopted by Pakistan for opening trade with India and expressed hope that India would also remove remaining non-tariff barriers to boost two way trades.

He said the world today had become a global village. The integration of business and multinational firms has made the world a smaller place to live in, he said and added distances and time were no longer the constraints for business across the globe.

Iftikhar Ali Malik said with the rapid advancement of technology, the need for sustainability and survival had become crucial perspective for firms throughout the world as competition grew. 

He said the current global crunch had become a setback for countries throughout the world, especially in developing and transition economies. Therefore, regional co-operation was one of the most important phenomena today which had now become inevitable as the process of globalization was still underway.

He said the SAARC countries should lay emphasis on joining hands in trade, agriculture and economic activities, and must refrain from animosities.

Ifikhar Ali Malik hoped that deeper and sustained interaction between the governments and the private sector stakeholders would bear the fruit.

Source: South Asian Media

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