PM calls for wider economic cooperation

New Delhi, April 03: Prime Minister Lynpo Khandu Wangchuk made a strong case for implementation of SAFTA to boost intra-SAARC trade and advocated a "well coordinated" approach to tackle terrorism, drug trafficking and the spread of HIV/AIDS.

Addressing the opening ceremony of the 14th SAARC summit here on Tuesday, Prime Minister Wangchuk drew attention of the member countries towards resource scarcity in implementing the SAARC Development Goals.

Stating that achieving SAARC Development Goals was challenging, Wangchuk stated a major problem faced by the countries was the availability of funds and way favored operationalization of a SAARC Development Fund for regional projects.

He highlighted the importance of enhancing regional trade in the region and that signing of SAFTA would be a boost to intra-SAARC trade.

"Economic cooperation lies at the heart of successful regional cooperation," he said. He further said implementation of SATFA and liberalization of trade should be taken up at the earnest.

Wangchuk underscored the need for a "well- coordinated approach" and strengthening of efforts to tackle evils like terrorism, drug trafficking and the spread of HIV/AIDS and for generation of energy to boost social and economic growth in the region. Bhutan News Service