SAARC moots single SIM
Ravi LADDUWAHETTY
An eleven pronged strategy was advocated for the region which also
included a common Subscriber Identity Module (SIM) at the SAARC Chamber
of Commerce and Industry (SCCI) conference yesterday.
SAARC Chamber president Annisul Huq presenting a memento to
Chief Guest, External Affairs Minister Prof G L Peiris after
the inauguration. Picture by Roshan Pitipana |
Addressing the conference on Regional connectivity in South Asia at
the Galle Face Hotel yesterday, SCCI President to Annisul Huq, said that
this will be a reality soon.
Some of the other proposals that he advocated were implement transit
trade on reciprocal basis, transit facilities to third countries within
the region connecting each other and also evolve and implement regional
and bilateral agreements on trade and transit under GATT Article V and
SAFTA provisions and finalize agreements on regional motor vehicles,
railways, inland water transport and short-shipping.
“Strengthen cross border infrastructure, money and finance, trade and
investment and regional public goods through remodelling of policies in
spirit of SAFTA. Furthering SAFTA would mean a substantial benefit,” Huq
said.
Cost analysis shows that there will be considerable gains from
upgrading of the Petropol-Benepole corridor, development of Bagdogra
airport, improvement of Waga-Lahore rail links and Colombo Port
expansion.
“We need to connect in the next seven years the people in South Asia
in different points of connectivity, be it social, economic, cultural,
or spiritual. Business community is ready. We now need strong will and
political commitment.”
Meanwhile SSAARC Chamber of Commerce and Industry Vice President
Ifthikar Ali Malik said studies have suggested that if the land routes
between India and Pakistan are opened for direct trade, the current
level of bilateral trade of US $ 2.5 billion will increase to US$ 10
billion within a couple of years in addition to revenue generation for
Governments and availability of products to consumers at competitive
cost.
Out of eight SAARC Member nations, five countries, Afghanistan,
Bangladesh, Bhutan, India and Nepal share common borders and provide
vast opportunities for business through road and rail, however, due to
high trade barriers, poor connectivity and inadequate trade facilitation
measures, intra-regional trade largely remains unrealized.
“The signing of Transit Trade Agreement between Pakistan and
Afghanistan is a welcome move, which we believe would give boost to
regional trade,” he said. |