Government of Nepal
Ministry of Industry, Commerce and Supplies
H.E. Mr. Pete Budd, Ambassador of Australia to Nepal, paid a courtesy call on Hon'ble Matrika Prasad Yadav, Minister for Industry, Commerce and Supplies at latter's office on Monday 16 April 2018.
During the meeting issues relating to promoting bilateral trade, investment and economic cooperation between two countries were discussed in detail. While appreciating cordial and cooperative bilateral relations and increasing economic cooperation between Australia and Nepal over the last six decades, both sides emphasized on further promoting bilateral trade, investment and tourism relations to materialize maximum benefits.
Welcoming H.E. Ambassador Mr. Budd at his office, Hon'ble Minsiter Yadav expressed his gratitude to the Government and people of Australia for their continuous and generous support in Nepal's socio-economic development. With the establishment of new Government, as country is moving towards the path of economic prosperity and growth, Hon'ble Minister underscored the importance of assistance from all development partners including Australia to achieve the ambitious goal of socio-economic transformation. Hon'ble Minister requested Australia to continue and further scale-up its economic support to Nepal's development process to facilitate present Government to materialize speedy economic growth. Pointing out increasing trade and investment relations between Nepal and Australia and Nepal's increasing trade deficit, Hon'ble Minister called upon Australian side to extend necessary support in building trade and industry related infrastructures, enhancing supply side capacity and product development that supports Nepal to increase its production capacity and help reduce its trade deficit in the days to come. Hon'ble Minister, among others, outlined the need of establishing higher and medium class vocational training centers to impart technical knowledge and skills to Nepali youth, who, at present, are going abroad in search of livelihoods without any skill and technical knowhow. Hon'ble Minister also requested Australian side to increase scholarship for higher study for Nepali students/officials in the field of geology and mining science as there persist huge deficit of skilled manpower in this field in Nepal.
Ms. Yam Kumari Khatiwada, Industry Secretary, who was accompanying Hon'ble Minister during the meeting, while expressing her gratitude to Australian Government for its valuable support to run MEDEP project successfully, requested Australian Government to consider about continuing its support in implementing similar other projects in the future that are supportive to small and medium enterprises of Nepal. She also called upon Australian side to extend support in building industrial infrastructures such as industrial zones, among others, in the country.
Congratulating Hon'ble Minister for assuming the important portfolio of the Ministry of Industry, Commerce and Supplies in the newly formed Government, Ambassador Mr. Budd expressed his Government's full support to continue its cooperation in Nepal's overall development. With the formation of new Government at both federal, provincial and local level, as Nepal embarks on the journey of economic transformation, he expressed his Government's full support to assist Nepal as per the mutual consent of both sides. Mentioning significant contribution made thorough MEDEP project, a Australian Government supported project for expanding entrepreneurship and thereby increasing employment and income opportunities in Nepal, he informed that as current tenure of the project is going to be terminated by coming July, Australian Government has started initial consultation with concerned agencies and private sector about what could be the appropriate arrangement to be made during transition period until new project comes in place in the near future. While agreeing views with Hon'ble Minister about the importance of establishing vocational training centers, and increasing quota of scholarship for Nepali students in technical field to pursue higher education in Australian Universities, Ambassador Budd stated that he will put his best efforts to cater Nepal's request to the extent possible. At the end of the meeting, both Hon'ble Minister and H.E. Ambassador expressed their willingness to deepen engagement and partnership between Nepal and Australia to further promote, trade, investment and economic relations in the days to come.
During the meeting, Hon'ble Minister was accompanied by Industry Secretary Ms. Yam Kumari Khatiwada, other relevant officials of the Ministry, while H.E. Ambassador of Australia was assisted by Ms. Ainsley Hemming, Head, Development Cooperation at the Australian Embassy in Kathmandu.
16 April 2018