'Unstable price of agriculture products may have effects on Nepal's economy'

KATHMANDU: Minister for commerce Romi Gauchan Thakali said that unstable price of agriculture commodities may have serious impacts on the economy of least developed countries like Nepal.

Speaking at the 4th Ministerial Meeting on Agricultural Commodity Markets and Prices, Minister Thakali said that coordinated policies and collective efforts are necessary among member countries to address the issues of volatile prices of agriculture products in the international market.

He said that the countries should develop and implement plan and strategies according to their domestic needs to cope with the challenges of food insecurity and volatile prices of agricultural products, according to a statement issued by the Ministry of Commerce on Tuesday.

The Meeting was organised by the Food and Agricultural Organisation of the United Nations in the FAO Headquarters, Rome.

Minister Thakali also shared Nepal's commitment to develop trade for sustainable agricultural development, underlining different features of Agriculture Development Strategy, 2014, Trade policy, 2015, and Nepal Trade Integration Strategy, 2016.

He also called upon international development partners to continue their support to the Government of Nepal to implement the agricultural plans and policies.

Thakali reached Rome for the Ministerial level meeting at the invitation of Jose Graziano da Silva, Director General of the FAO.