Saarc, GIZ agree to boost trade in region

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KATHMANDU, JUN 28 - With a view to promoting trade and economic collaboration in the region, the South Asian Association for Regional Cooperation and the GIZ have signed a memorandum of understanding.
Saarc Secretary-General Ahmed Saleem and GIZ Country Director (Nepal) Roland F Steurer signed the MoU on Wednesday on behalf of their respective institutions.
According to a statement, the signing ceremony took place at the Saarc Secretariat in Kathmandu. Also present on the occasion were the resident ambassadors of Pakistan and Sri Lanka to Nepal.
“We are at a crucial stage in Saarc for deepening economic, trade and financial cooperation among the member countries,” Saleem said at a special function during the signing of the MoU.
The MoU envisages cooperation between the two organisations in promoting intra-regional trade and economic integration in South Asia.
Earlier in 2003, the Saarc signed an MoU with the National Metrology Institute of Germany to promote collaboration among Saarc member states in the fields of metrology, standards, testing, quality management, accreditation and certification.

Posted on: 2013-06-28 03:00