Event Details

Vikramjit Sahney Moots for South Asia Clearing Unit during his Meeting with SAARC Finance Ministers

May 3, 2013, India: Vikramjit Sahney, President, SAARC CCI moots for South Asia Clearing Unit & South Asian Development Bank, resouce pooling and bilateral swap arrangements together with exchange rate co-ordinations for coherent financial mechanism to magnify cross border trade and Investment in the Saarc region.

“Strong, sound, coherent and synchronized financial system is an integral component of regional economic cooperation, which would create preferences for increase in cross-border trade and investment opportunities and encourages flow of capital amongst SAARC member countries” It was stated in a presentation of SAARC Chamber of Commerce & Industry(SCCI), which was presented by Vikramjit Sahney to SAARC Finance Ministers on 3rd May 2013 at New Delhi, India.