Nepal | July 12, 2020

‘Nepal’s participation in summit fruitful’

Rastriya Samachar Samiti
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Kathmandu, January 26

One of the members of the Nepali delegation participating in the World Economic Forum, also known as the Davos meeting, said Nepal’s participation in the Davos meeting was an opportunity to make country known to the world.

Delegation member and Minister of Foreign Affairs Pradeep Kumar Gyawali said, “It was an opportunity to share with the global community Nepal’s efforts for strengthening democracy and bringing prosperity in the country. We’ve been able to tell  investors from across the globe that we have achieved political stability, thereby creating atmosphere conducive for foreign investment.”

According to him, Prime Minister KP Sharma Oli had assured foreign investors that Nepal was no more embroiled in conflict .

Similarly, another member of the delegation Finance Minister Yuba Raj Khatiwada observed that the Davos meeting was an unprecedented platform to share with the world Nepal’s political and economic status, environment for economic activities and investment.

He reminded that during his talks to a Japanese telecommunications company, the company showed interest in investing in Nepal.

In response, the prime minister said he would facilitate their investment, said Khatiwada, adding, “Nepal’s participation in the Davos meeting became successful in giving the message that Nepal has brought reforms in tax, customs and foreign exchange and laws.”

Vice-chairman of the National Planning Commission Pushparaj Kandel said the Davos meeting helped inform the world community about Nepal’s political stability, investment climate and potentials.

The PM’s foreign affairs adviser Rajan Bhattarai said Nepal would reap much benefit from participation in the Davos summit.

Nepali Ambassador to Switzerland and Nepal’s Permanent Representative to UN in Geneva Deepak Dhital said Nepal could also be benefited from the Davos participation because it had provided guidelines to the governments across the world. “With the growing use of technology, Nepal should also be ready to launch the fourth industrial revolution,” he said.

A version of this article appears in print on January 27, 2019 of The Himalayan Times.

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