‘Trade procedures need to be simple’

Kathmandu, September 30:

Experts from Bangladesh and Nepal governments have expressed views that in order to boost economic and trade activities between the two countries, simplification of trade procedures are a must. Speaking at an interaction programme held today, Bharat Bahadur Thapa, secretary at the ministry of industry, commerce and supplies said, “As both countries’ problem is poverty, and the main motto of the governments is also the same that is to fight it, enhancement of trade and investment opportunities would be an effective tool to increase the income levels of people.” To facilitate trade and economic activities between the two countries, simplification of trade procedures are inevitable so that businesspersons can increase bilateral trade, said Thapa. Speaking at the same function, Chandi Raj Dhakal, president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI), said that there is increasing problems in the cargo movement between Bangladesh and Nepal.

India should provide transit facility for Nepal and Bangladesh to boost the counties’ bilateral trade and economic activities, opined Dhakal. At the same time, simplifying trade procedures would be of great relief for tradespersons to expand their businesses, he suggested.

Ambassador of Bangladesh to Nepal Humayun Kabir said that there are challenges in Nepal-Bangladesh trade and economic fronts. But we should resolve them to strengthen our economies in this competitive world, he said. Trade should be diverted towards poverty reduction efforts effectively, he said. At the interaction programme, held by the embassy of Bangladesh, Mir Hussain Hossain, president of Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) presented a paper on ‘Bangladesh-Nepal Trade and Investment Vista and Visions’.

Presenting the paper, Hossain mentioned about bilateral trade, investment potentials and stressed on trade facilitation by taking effective strategies by both the countries. Dr Dev Bhakta Shakya, executive director of Agro Enterprise Centre, presented a paper on ‘Nepal-Bangladesh: Problems and Prospects’. He stressed on the need to explore potentials in areas of trade, tourism and agro-sector between the two countries in a coordinated manner.