BSS, Dhaka :
The Secretary-General of the United Nations Conference on Trade and Development (Unctad), Dr. Mukhisa Kituyi, said here on Sunday that the regional counties should build strong economic fundamental with an coordinated efforts to expedite economic growth.
The high ups at one of the major global trade and development facilitators, was speaking at the plenary session of the ICC International Conference on Global Economic Recovery: Asian Perspective”. The Bangladesh chapter of the global trade-body – International Chamber of Commerce, Bangladesh (ICCB) – organised the conferment to mark its 20 years presence in Bangladesh. The two-day celebration began on Saturday.
Commerce Minister Tofail Ahmed chaired the plenary session where Commerce and Supplies Minister of Nepal Sunil Bahadur Thapa, Deputy Minister for Commerce of Myanmar Dr. Pwint San, Bangladesh Bank (BB) Governor Dr Atiur Rahman, the Daily Star editor Mahfuz Anam, Country Manager of the International Finance Corporation (IFC) Kyle Kelhofer and ICC Secretary General John Danilovich participated to discussion on the seminar’s theme.
Policymakers, economists and business leaders from across Asia attended the seminar to discuss on the effective strategies for expediting the regional growth prospect while fencing off the external variability and facing global challenges.
Focusing on driving the regional growth prospect and facing effectively the internal and external challenges, the Unctad Secretary-General said for better economy this region should develop a strong foundation based on creating sustainable job opportunity and reducing domestic and regional inequality.
He also stressed on reaching at an understanding on the regional political dynamics for easing contentious political issues.
Spelling out the concerns and the challenges for this region, Dr Kituyi said there are medium and long term vulnerabilities which should be assessed rightly and addressed with effective and pro-active manners.
To this effect, he also underscored the dynamic leadership for establishing stronger regional integrity, which is a pre-requisite for economic and social development.
He advised devising better policy with major focus on regional integration and integrated market development, and more attention to the flow of foreign direct investment (FDI).
“Rise of Asian economy is also depended on flow of FDI,” he said with reference to Chinese economy, which shares a significant portion of the global FDI flow.
