Fahim re-elected vice-president of CACCI

Sheikh Fazle Fahim, former president of the Federation of Bangladesh Chambers of Commerce and Industry, has been re-elected vice-president of the Confederation of Asia Pacific Chambers of Commerce and Industry (CACCI) at the 92nd council meeting.  

He was first elected to the post for 2018-2020 at a 32nd CACCI Conference in Turkey, said a press release.

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The regional non-governmental association is principally composed of national chambers or associations of commerce and industry in Asia and the Western Pacific. It aims to link Asian businesspeople to promote economic growth throughout the Asia-Pacific region.

The CACCI's members are from 25 countries and independent economies with a total population of 2.96 billion people and a combined GDP of $18.79 trillion, which is growing at 4.9 per cent.

In 2021, $5.48 trillion worth of goods and services was exported by the CACCI countries while that worth $5.29 trillion was imported.

The CACCI members and independent economies represent 37.8 per cent of the world population, 19.6 per cent of the world's GDP, 19.7 per cent of the world's export and 19.6 per cent of the world's import of goods and services, according to World Bank.

Sheikh Fazle Fahim has also been serving as the chair of Indian Ocean Rim Business Forum, president of the D-8 Chambers of Commerce and Industry and vice president of the SAARC Chamber of Commerce and Industry.

He is the chairman of RHS Group, which has interests in energy, construction, retail, education, health and industries.