Yircali’s words came as part of the opening ceremony of the Confederation of
Asia Pacific Chambers of Commerce (CACCI) 26th annual conference. The
conference gathered 300 chamber business leaders from 21 Asia-Pacific countries
in Kathmandu, in a panel which included President of Nepal Ram Baran Yadav and Secretary
General of United Nations Conference on Trade and Development (UNCTAD) Supachai
by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI),
CACCI’s 26th Conference became its most successful to date. Suraj Vaidya,
FNCCI’s President noted that the Conference was held on the eve of Nepal’s
Investment Year, where the public private partnership of the Nepali government
and private sector showcased Nepal as a lucrative investment destination to
attract investors. "The conference is important not just for Nepal but
also for the entire region," he said.
said: “Nepal´s political revolution is over and now is the need of economic
their speeches and official visits both Mr Yadav and Nepali Prime Minister
Baburam Bhattarai, encouraged business and chamber leaders to explore
opportunities to invest in Nepal, assuring them that the government would
address policy changes as necessary to best serve interest of the investors.
"My government will embrace policy change suggestions made by the private
sector that are certain to have long-term positive impact," said Mr Bhatarai.
Bhattarai said: “Nepal is optimistic and outward looking and very much ready to
take advantage of the global economic platform by strengthening our engagements
with our regional partners.
formulated policies and strategies to restore confidence among our investors
and that best serve their interests.”
highlighted during the conference included hydro power, infrastructure
development and tourism sectors.
theme “A Vision for Shared Prosperity”, this year’s 26th CACCI Conference provided
a platform for CACCI members to share their ideas on how they can help their
respective countries in strengthening the economies of the Asia Pacific region
and spreading the benefits of regional cooperation while playing a substantial
and constructive role in global economic leadership.
closing gala evening, the 5th CACCI Local Chamber Awards were presented. The Award
recognizes local chambers for their outstanding achievement in promoting the
industrial, commercial and social welfare of their respective communities.
Director, Anthony Parkes, who served as a judge at the CACCI awards along with
representatives from the Federation of Indian Chambers of Commerce and
Industry, and Georgian Chamber of Commerce said: "Seeing the dynamic and
innovative way such chambers are supporting the economic development in their
local communities is inspirational. I am sure that in our upcoming World
Chambers Competition, CACCI chambers shall do exceptionally well once again in
showing their ingenuity to the global chamber community."
the honours under the Big Chamber Category (for chambers with a membership that
exceeds 200), Isfahan Chamber of Commerce, Industries and Mines (Iran) took home the prize, beating SabaragamuwaChamber of Commerce and Industry (Sri Lanka) and Philippine Chamber of Commerce & Industry – Paranaque City.
between two Mongolian Chambers, the Uvurhangai Chamber of Commerce and the
Khovd Chamber of Commerce and Industry up against the Zamboanga Chamber of Commerce and Industry (Philippines) in the best Small Chamber
Category, the Zamboanga Chamber took home the honours, with a special
commendation made to the Uvurhangai Chamber for its achievements.
During the gala
dinner CACCI President Benedicto Yujuico was re-confirmed to serve a second
term as the organization’s president.
CACCI is a
regional grouping of apex national chambers of commerce and industry, business
associations and business enterprises in Asia and the Western Pacific comprising
29 chambers from 27 countries. ICC’s partnership with CACCI dates back to its
foundation, with its close ties symbolized in the signing of a MOU in 1981.
CACCI is a member of the World Chambers Federation General Council.