Wednesday, June 26, 2013

SAARC, GIZ agree to boost trade in region

South Asian Association for Regional Cooperation (SAARC) and the German Development Ahency (GIZ) today signed a memorandum of understanding (MoU) aiming at promoting trade and economic collaboration in the region.
SAARC secretary-general Ahmed Saleem and GIZ Country Director for Nepal Roland F Steurer signed the MoU today on behalf of their respective institutions.
“We are at a crucial stage in SAARC for deepening economic, trade and financial cooperation among the member countries,” Saleem said, at the signing ceremony.
The MoU envisages cooperation between the two institutions in promoting intra-regional trade and economic integration in the South Asian region that is the least economically integrated region in the world.
Earlier in 2003, the SAARC had signed another memorandum of Understanding with the National Metrology Institute of Germany to promote collaboration among SAARC member countries in metrology, standards, testing, quality management, accreditation and certification.

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