Prime Minister of Sri Lanka Ratnasiri Wickremanayake will inaugurate the event where issues of great significance such as food security, climate change, global financial crisis, economic integration of SAARC through enhanced regional connectivity will be discussed.
The basic idea behind the concept of SBLC is to emphasise that coordinated efforts must continue to free South Asia from poverty, hunger and other forms of deprivation which pose serious challenge to the leadership in South Asia.
The 3rd SBLC will focus on Socio-Economic challenges faced by Leadership in South Asia; Global financial crisis and its impact on South Asia; Interactive dialogue between business leaders and triumphant entrepreneurs; Trade facilitation; Climate change and depleting water resources; Socio-cultural interactions; Prospects and challenges for regional integration and creating synergies in the area of enhanced regional cooperation.
Conclave Theme:
"Regional Cooperation: a catalyst for Socio-Economic Growth in South Asia"
Regional cooperation is one of the most important phenomena in the world today which is becoming inevitable as the process of globalisation is still at large. The world has become increasingly interdependent, and regional trading blocs are fast taking centre stage in global trade. However, trade barriers and the structural asymmetries in the South Asian economies have limited the scope for trade and thus South Asia has one of the lowest levels of intra-regional trade in the world.
Regional cooperation is crucial for the developing economies in South Asia as it leads to technological advancement, human resource development, tourism promotion, increased business linkages, interaction of people and eventually generates billions of dollars of income, employment and trade.
The Heads of States, at the 11th SAARC Summit held at Katmandu, Nepal in 2002, renewed their commitment to encourage participation of the private sector and assured full support for their economic initiatives. Their reaffirmation of the commitment culminated in to 1st SAARC Business Leaders Conclave which was held at New Delhi in 2005 and the 2nd at Mumbai in, 2007. On conclusion, the South Asian Business Community found the forum very useful for striking new partnerships, exploring business opportunities and sharing best practices among business sectors of the region.
SBLC is the most prestigious event of SAARC Chamber of Commerce and Industry which provides an ample opportunity for the promotion of business and joint ventures in the region. The event is addressed by the Head of the Government of the host country, leading politicians, prominent speakers, scholars and corporate heads of the key enterprises of the region and the world. The first and the second SBLC were hosted by Federation of Indian Chamber of Commerce & Industry (FICCI) and was inaugurated by Manmohan Singh, Prime Minister of India.
The SAARC Chamber of Commerce and Industry (SAARC CCI) is an apex trade organisation of the SAARC region that is recognised by all the governments of the SAARC member countries. The SAARC CCI acts as an institutional framework for promoting economic and regional cooperation in South Asia. It was created with the objective to develop global linkages in the region and enhance regional and economic integration among the SAARC countries. Since its inception, SAARC CCI has been involved in creating awareness among the private sector of the region through workshops and studies as well as conducting interactive sessions, seminars and roundtables between the government and the business sector aimed at providing pertinent input to the process of regional economic cooperation.
Regional cooperation is crucial for the developing economies in South Asia as it leads to technological advancement, human resource development, tourism promotion, increased business linkages, interaction of people and eventually generates billions of dollars of income, employment and trade.
The SAARC Chamber of Commerce and Industry (SAARC CCI) is an apex trade organisation of the SAARC region that is recognised by all the governments of the SAARC member countries. The SAARC CCI acts as an institutional framework for promoting economic and regional cooperation in South Asia. It was created with the objective to develop global linkages in the region and enhance regional and economic integration among the SAARC countries. Since its inception, SAARC CCI has been involved in creating awareness among the private sector of the region through workshops and studies as well as conducting interactive sessions, seminars and roundtables between the government and the business sector aimed at providing pertinent input to the process of regional economic cooperation.
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