'SAARC Movement had virtually done nothing to promote business activities during past 30 years'

Sri Lanka, Aug. 5 -- The SAARC movement had virtually done almost nothing to promote business activities in the region during the past 30 years, said Nepal's only billionaire and Chairman, CG Group Nepal, Binod Chaudhary.

In an interview with the Daily News, he said that a common currency for the region similar to Euro for EU, was been spoken for over 20 years, but never materialized. He expressed similar sentiments towards a common visa for the region.

Chaudhary said that leaving alone the visa or a common currency, the tax system is so rigid from country to country, that when he wants to export merchandise to Pakistan, he had to export them via Dubai. "This is despite having a land route. This alone proves that the SAARC had not been ...