FNCCI President Emphasizes Collaboration and Innovation to Address Asia-Pacific Challenges

Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), delivered a keynote address at the IOE Asia Employers’ Summit in Tokyo, Japan, stressing the importance of stability, cooperation, and peace in tackling the multifaceted challenges in the Asia-Pacific region.

President Dhakal highlighted the need for unity in achieving shared objectives such as sustainable economic growth, job creation, labor migration, and skill development. The event, attended by business leaders and representatives from across Asia-Pacific, served as a platform for exchanging insights on critical economic and employment challenges.

Expressing gratitude to the International Organization of Employers (IOE) and Keidanren for hosting the event, President Dhakal emphasized the interconnected nature of the global economy. He also pointed out the challenges posed by an aging population and global inequality, advocating for economic growth that benefits all segments of society.

Climate change and green energy were central themes in Dhakal’s address. He underscored the urgency of addressing climate change and investing in green energy while reducing carbon emissions.

Additionally, President Dhakal highlighted the rapid digitization and integration of artificial intelligence (AI) into business operations. He called for proactive approaches, including workforce reskilling and upskilling, to navigate technological advancements and mitigate potential inequalities.

Dhakal showcased Nepal’s potential as an emerging economic powerhouse, citing its youthful workforce, strategic geographical location, and access to the Chinese and Indian markets. He elaborated on Nepal’s flourishing hydropower sector and growing tourism industry, supported by modern infrastructure.

In conclusion, President Dhakal reaffirmed Nepal’s commitment to economic growth, job creation, support for small and medium-sized enterprises, social security, skill development, and the reinforcement of social dialogue. He issued an appeal for international support and cooperation in navigating the evolving global landscape.

Dhakal’s address emphasized the critical role of collaboration and innovative solutions in addressing economic and employment challenges in the Asia-Pacific region.