Nepal, Bangladesh officials discuss narrowing down trade imbalance

Commerce officials of Nepal and Bangladesh during a meeting, in Kathmandu, on Wednesday, May 30, 2018. Photo: RSS


Kathmandu, May 30:  With an objective of finding ways and means to narrow down trade imbalance and enhance bilateral trade, officials of Nepal and Bangladesh are holding an intensive parley in Kathmandu.

Nepal prioritises early resumption of smooth export of acrylic yarn to Bangladesh that had been barred since 2002 in the fourth Nepal-Bangladesh Commerce Secretary-level meeting that kicked off today.

Total 18 agendas have been set for the meeting.

The two sides will dwell upon agreement of regular operation of Dhaka-Kathmandu bus service, removal of high tariff and non-tariff barriers (NTBs) and simplification of administrative procedures on primary and manufactured goods, among others.

At the meeting, the leader of Nepali delegation and Secretary at the Ministry of Commerce and Supplies Chandra Kumar Ghimire, referring to the vision of Prime Minister KP Sharma Oli’s ‘Prosperous Nepal, Happy Nepali’ campaign said Nepal had embarked on the path of rapid economic growth.

He urged the Bangladeshi authorities to consider unhindered access of Nepali products like tea, coffee, large cardamoms, ginger, herbal products, broom, fresh vegetables, apples, oranges, yarn, lentils, cutch, vegetable seed, pashmina, handicraft, among others to Bangladeshi market.

Top officials from the Ministry of Industry, Commerce and Supplies; Ministry of Law, Justice and Parliamentary Affairs; Ministry of Energy, Water Resources and Irrigation; Ministry of Foreign Affairs; Ministry of Culture, Tourism and Civil Aviation; Ministry of Physical Infrastructure and Transport are members of the Nepali delegation.

The 11-member Bangladeshi delegation is led by Shubhashish Bose, Secretary at the Ministry of Commerce.

© 2016 The Himalayan News. All Rights Reserved...