Let me talk first about size. Insurers and pension funds are very large investors in financial markets. The growing role of fully-funded pension systems worldwide will increase this trend. Collectively within the euro area, their investment amounted to € trillion at the end June 2009.
Thus, the trade, investment and financial flows do go together, but in a somewhat harmonious as well as well-sequenced manner and not necessarily, in a simultaneous manner. Finally, in the ACU and SAARCFINANCE Group meetings in Dhaka, the deliberations, by and large, reflected your sentiments, calling for greater co-operation, recognising the emerging global realities.