The summit was organized by the Himalayan Consensus institute and the Nepal Economic Forum, and sponsored by Peak Re-insurance, the Norwegian Embassy in Nepal, Altai-Himalaya and the Asia Foundation. This year’s conference attracted over 60 participants from Nepal, China, India and Bhutan, including top-level executives from private sectors, representatives of non-governmental organizations and United Nations’ organizations. The theme of the summit is “Resilience, Readiness and Reponses” which evolved around issues such as economic development, financing structure, environmental protection and local community advancement. Former Foreign Secretary of India, Nirupama Rao, Best Selling Author and Professor, John Naisbitt, Former Advisor to the Prime Minister of India on Public Information Infrastructure and Innovation, Sam Pitroda, and Executive President of the Finance Center for South-South Cooperation, Zhang Zhiping attended the opening ceremony and delivered opening remarks.
In his speech, Mr. Zhang said that China’s “One Belt and One road” initiative and Supply-side Structural Reform have brought unprecedented opportunities for international capacity cooperation. As the world is witnessing a new wave of basic construction and infrastructure development, countries especially developing nations can utilize the opportunities stemmed from China’s policy to propel industrialization, to upgrade industrial structure and to import advanced technologies and skills.
He also said that the Finance Center for South-South Cooperation developed a comprehensive solution plan for developing countries to take advantage of the opportunities and to attract production and capital capacity from China to invest in their countries. As a matter of fact, the Finance Center is currently providing an industrial consultancy service and designing designated industrial zones for African Nations, in an effort to facilitate production capacities to enter into those markets.
Ms. Rao pointed out in her remark that the Himalayan region shares a rich historical, cultural and religious backgrounds. Therefore, countries within the region should built on this special heritage and bond to foster economic development and cooperation.
In addition, Mr. Zhang was nominated as a member of the summit’s honorary board after the meeting.
The Himalayan Consensus is a holistic development paradigm that emphasizes the integrity of planetary eco-systems as an indispensable basis for socio-economic development in the Himalayan region. The Summit aims to looking over the 2,500 kilometer range covering different political boundaries that face common challenges.