Nepal to host CACCI conference on Wednesday

Nepal will host the 26th annual conference of the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI), this week, in Kathmandu.

"Around 300 of the leading business people and government officials from around the Asia-Pacific region are expected to gather in Kathmandu, on October 3-5, for the CACCI meet being organised by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI)," said FNCCI president Suraj Vaidya.

The conference will focus on 'A Vision for Shared Prosperity', he said, adding that speakers have been invited to discuss on how Asian governments can work together more closely to achieve sustainable economic development, as well as exchange views on why business people in the region need to rely more on each other to be able to sustain growth and development.

The meet aims to provide a platform for CACCI — a regional grouping of apex national chambers of commerce and industry, business associations and business enterprises in Asia and the Western Pacific — members to share their ideas on how they can help their respective countries, and the Asia-Pacific region as a whole, in strengthening and spreading the benefits of regional cooperation while playing a substantial and constructive role in global economic leadership.

Speakers from both the government and private sectors of Nepal will talk about the country's economic environment, trade and investment policies, foreign direct investment trends, investment incentives, cost structures, infrastructure and utilities, and prospects and challenges for the country's economic growth and development.

The conference will also help CACCI members discuss current business issues and explore possible areas of cooperation. Like previous years, there will be break-out sessions on tourism, construction and contracting, food and agriculture, water and energy, SME development, young entrepreneurs, women entrepreneurs, and ICT.

Federation of Nepalese Chambers of Commerce and Industry (FNCCI) will also arrange one-on-one business matching sessions between CACCI delegates and Nepali representatives from various industry and services sectors to provide both sides a platform to explore possible opportunities for business, trade and investments.

Meanwhile, interested member chambers will also get the opportunity to sign a memorandum of understanding with FNCCI and other CACCI members defining possible areas of cooperation.

A non-governmental organisation, CACCI, has been serving as a forum for promoting the vital role of business people in the region, increasing regional business interaction, and enhancing regional economic growth since its establishment in 1966.