Economic and trade cooperation between China and South Asia to depth

In the 18th China Kunming import and export fair and the fifth China — South Asia Business Forum, China and South Asia business officials agreed that both mountains, economic complementarity, and facing a financial crisis, climate change, economic development and improve people's livelihood, and many other common challenges, both sides should accelerate the promotion of economic and trade cooperation towards depth to realize common development.

CCPIT jifei said, the past two years, China and South Asia, having a common challenges, the global financial crisis on the national economy have created serious challenges to both trade and mutual investment is an effect, but in response to the financial crisis also makes us realize that the Chinese and South Asian must finance, trade, innovation and industrial restructuring in the areas of closer cooperation.

Maldives economic development Deputy Minister Hussein Rashid Ali??, said that the Maldives as a low income countries, with China and other South Asian countries face in improving the living conditions of the population, while at the same time, the challenges in how to mitigate climate change brought about by pressure, etc. and also facing the same problem, the need to strengthen regional cooperation.

In recent years, China and South Asia Trade fast growth, trade volume since 2000 of 57 million increase to 660 million in 2008, while in 2009 by the financial crisis has been declining, but still reached 570 million, 2010-April, the volume of bilateral trade rebounded trade about 248 billion, an increase of 3%, with China and India trade has increased by 50 per cent.

"But with a different level of trade in the region, China and South Asia's trade development is still relatively low, and the trade balance, the construction of infrastructure, customs facilitation, etc. also have a positive improvement, elimination of trade barriers, promote regional economic win-win development. "South Union Chamber of Commerce and industry, Chairman of Bani? Hooke said.

Chinese Vice Foreign Minister Zhang zhijun said: "South Asian countries China trade deficit exists in varying degrees, the Chinese Government attaches great importance to, have been taking active measures to expand the import from South Asian countries, efforts to improve the trade imbalance. ”

India cooperation promotion Center President Al hallia proposes to accelerate the Indian highway construction, China and India, and other South Asian countries, land trade channel. SAARC Chamber of Commerce and industry, the former Chairman Tower Rick? Edward said recommendations to and from China and the SAARC countries business people a multiple visa mechanism.

Multinational business officials are of the view that should vigorously promote the Chinese and South Asian business formation, multilateral cooperation mechanisms to promote Chinese and South Asian countries between trade and investment facilitation measures to facilitate bilateral trade links, trade and economic cooperation more closely.

It is reported that in recent years, China and South Asian countries are vigorously promoting the construction of the related cooperation mechanisms. China and Pakistan signed a comprehensive free trade agreements, China and India completed the regional trade arrangements in the joint feasibility study. Last year, China — — South Asia Business Forum secretariat and China — South Asia Business Council Secretariat set up in Kunming, China and South Asian countries of the Association towards the regularization of institutionalized,.