Hong Kong, April 14, 2014
During the second day of the High-Level Forum on South-South Cooperation, a meeting entitled, “Building Public-Private Partnerships: Presentation of Investment & Business Opportunities,” was hosted by the South-South Steering Committee for Sustainable Development to showcase some of the many opportunities and benefits that could result from cooperation between the public and private sectors.
The event was attended by government officials, ministers, United Nations ambassadors and prominent members of the private sector, aiming to explore both new and previously established opportunities for partnership in the Global South.
The meeting’s chairperson, Ambassador Alexandru Cujba, Secretary-General of SS-SCSD, underlined the new influential actors that have been emerging all over the world, and their increasing involvement in promoting and contributing to communities on national, regional, and global levels.
Mothetjoa Metsing, the Deputy Prime Minister of the Lesotho, provided keynote remarks and reminded attendees that efforts towards achieving sustainability will not yield the desired results if governments act alone, and it is therefore fundamental to move towards inclusive forms of collaboration in which due regard is given to the complimentary roles played by the private sector.
Mr. Cai Eshang, Chairman of SS-SCSD Asia-Pacific Committee and South-South Asia-Pacific Finance Center, led the forum to a number of presentations from business community members, national leaders and countries with investment opportunities including Guatemala, Lesotho, Sri Lanka, Suriname, Tajikistan and Zambia. The presenters discussed market expansion, growth potential, and regional access that would be virtually unattainable without close cooperation between the public and private sectors.
Representatives from private sector corporations including Africa-Asia Pacific Investment Association, Baidian Industrial Company Limited, HAWTAI Motors Group, and Guangdong Bai Guo Investment Company delivered presentations detailing ongoing investment projects in Africa and the Asia-Pacific region.
The business presentations were followed by a car donation ceremony to developing countries by Mr. Zhang Xiu Gen, Chairman of HAWTAI Motors Group, who detailed the company’s commitment to building reliable, sustainable, and high-performance automobiles through public-private partnerships for sustainable transportation technologies.
The meeting was concluded with a signing ceremony between the International Organization for South-South Cooperation (IOSSC) and a number of participating countries, through which an agreement was reached to further advance development through IOSSC’s initiatives in the area of agriculture, including the “South-South Baidian International Food Expo City” project, the Water Technology project and others, with the common objective of assisting the implementation of the Millennium Development Goals.