South Asia as engine of growth
Connecting regional energy resources is nowhere else as important as in the South Asian region, which is home to about one third of the world’s population.
Trade and energy go hand in hand and sustainable growth can only become a reality if we focus on these two areas. Developing strong bonds between countries in the region is very useful. A conference held in New Delhi, pertaining to regional trade and economic cooperation in South Asia, examined trends and prospects.
Indian Minister for External Affairs Salman Khursheed, Director Economic Affairs Division, Commonwealth Secretariat Dr Cyrus Rustomjee, Secretary General SAARC Secretariat Ahmad Saleem and Director General, Research and Information Systems for Developing Countries (RIS) Dr Biswajit Dhar, talked about the strengths and weaknesses of the region and urged the government to take requisite steps in order to maximize the assets.
The LCCI (Lahore Chamber of Commerce and Industry) Vice President Mian Abuzar Shad said, “South Asia has the potential to become the world’s engine of growth provided it strengthens trade relations and energy linkages.”
Shad said that attention should be paid to the development of infrastructure in this region. Developing roads, railway tracks and paying attention to education and health is our top priority. The conference was a useful activity towards developing strong bonds between the regional countries.
The LCCI Vice President quoted the example of the unity of EU which has given great economic strength to the European region. He added that enhanced trade among the SAARC countries would result in the vast economic growth of South Asia. Mian Abuzar Shad said that Afghanistan, Iran and Russia are huge markets and there is a need for the SAARC region to work together to capture these markets.