Government of Nepal
Ministry of Industry, Commerce & Supplies
Singhadurbar, Nepal

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04
Jun

4th Nepal-Bangladesh Commerce Secretary Level Meeting held on 30-31 May 2018 in Kathmandu

By : Admin

Ministry of Industry, Commerce and Supplies

Press Release

4th Nepal-Bangladesh Commerce Secretary Level Meeting

The 4th Nepal-Bangladesh Commerce Secretary Level Meeting on Trade, Transit and Economic Cooperation was held successfully on 30 May-1 June 2018 in Kathmandu. The Nepali Delegation was led by Mr. Chandra Kumar Ghimire, Secretary for Commerce and Supplies, Ministry of Industry, Commerce and Supplies, Government of Nepal while the Bangladesh delegation was led by Mr. Shubhashish Bose, Commerce Secretary, Government of the People's Republic of Bangladesh

Delivering opening remarks in the meeting, the leader of the Nepali delegation Mr. Chandra Kumar Ghimire extended a warm welcome to the Bangladesh delegation to Nepal and expressed hope that the meeting would review the implementation status of the decisions taken in the previous meetings as well as consider pertinent issues associated with bilateral trade, transit and investment, among others. Highlighting on the friendly relationship between Nepal and Bangladesh, Mr. Ghimire outlined the need of further deepening trade and transit relations for the benefit of both countries. Recalling series of meetings and deliberations at both Commerce Secretary level as well as technical (Joint/Additional Secretary) levels, he emphasized the need to implementation so as to achieve desired outcomes.

The leader of the Bangladesh delegation Mr. Shubhashish Bose thanked the Nepali side for the warm hospitality extended to the Bangladesh delegation. He further stated that the Government of Bangladesh attaches high importance to the cordial and friendly bilateral relations between the two countries. He expressed the hope that the meeting would be able to address concerns relating to trade, transit and investment of both the countries. He also expressed Bangladesh's commitment to work together with Nepal to address trade and transit related concerns with a view to enhancing bilateral trade and deepening economic inter-dependence.

During 3 days meeting, almost one and half dozen agenda items were discussed thoroughly with a view to promoting bilateral trade, transit and investment relations between the two countries. Nepali side, in particular, raised the issue of high tariff along with non-tariff measures imposed on Nepal's key export items such as tea, coffee, large cardamom, ginger, herbal products, yarn etc. from Bangladesh, and urged Bangladesh side to rationalize tariff and remove non-tariff barriers on Nepali export items giving top priority. Issues relating to add additional entry-exit point (Rohanpur) for Nepal in the existing transit treaty, finalizing the operational modality of the agreement concerning carriage of transit cargo from and to Mongla and Chittagong port to Nepal's border point, enhancing road and rail connectivity, promoting joint tourism programme, possibility of conducting air flight from Saidpur of Bangladesh to Biratnagar/Bhadrapur, easing registration process for medicine products  manufactured from Nepali Pharmaceutical Companies, easing on-arrival visa for Nepali nationals in Bangladesh, among others, were key agenda items that were discussed in detail during the meeting. Both sides also agreed to review the earlier list of products to be exchanged between two countries under duty free and preferential market access scheme through adopting appropriate implementation modality. The issue relating to BIPPA and Double Taxation Avoidance Agreement were also discussed during the meeting.  

The meeting made several important decisions on different agenda items in regard to facilitating bilateral trade and transit relations between two countries in the days to come.

 

1 May 2018

Kathmandu

 

Some pictures of meeting