Bangladesh and Nepal Preferential Trade Agreement in Final Stage

14 December 2021

The Dhaka Chamber of Commerce and Industry (DCCI) and the Nepal Confederation of Nepalese Industries (CNI) signed a memorandum of cooperation on 14 December 2021. Mr. Tapan Kanti Ghosh, Commerce Secretary of the Government of Bangladesh, spoke as the chief guest. In his remarks, he noted that the Preferential Trade Agreement (PTA) between Bangladesh and Nepal is in the final stage

Mr. Tapan also remarked on the various commonalities between Bangladesh and Nepal. Both countries are set to graduate from the LDC category in 2026. He urged Nepali businessmen to maximize opportunities in Bangladesh, which is a huge market with a large consumer base in the fast-moving consumer goods sector.

Mr. Rizwan Rahman, DCCI President, promoted investment in Bangaldesh’s agro-processing, tourism, financial sectors and SEZs. He said that Nepali businessmen can explore economic opportunities under the Bangladesh-Bhutan-India-Nepal (BBIN) connectivity.

Mr. Vishnu Kumar, CNI President, remarked that agriculture, tourism, energy, education and the IT sector are some of the potential sectors where entrepreneurs of both countries can benefit. He also shared that Nepal is moving from a trading led economy to a manufacturing-based economy.

 

Related

Bangladesh-Nepal bilateral PTA in final stage: Commerce Secretary

The National Board of Revenue (NBR) of the Government of Bangladesh is set to open National Single Window...

Read More


Bhutan will build the Gelephu Smart City Project in the Gelephu Special Administrative Region (SAR) to facilitate more...

Read More


Mr. Shakti Bahadur Basnet, Nepal Minister for Energy, inaugurated on 11 December 2023 the Kushma-Butwal power transmission line...

Read More


The Government of Bangladesh and the Asian Development Bank (ADB) signed an agreement for the ...

Read More


The Asian Development Bank (ADB) has approved $336.5 million loan financing under the Asia Pacific Vaccine Access Facility...

Read More


The King of Bhutan, His Majesty Jigme Khesar Namgyel Wangchuck, paid an official visit to India on 3-10...

Read More


Bangladesh Prime Minister Sheikh Hasina and India Prime Minister Narendra Modi inaugurated the Akhaura-Agartala railway link during an...

Read More