Nepal Commerce Minister Stresses Implementation of BIMSTEC FTA, BTILS

16 October 2016

Mr. Romi Gauchan Thakali, Minister for Commerce, Nepal, emphasized the need to finalize and implement the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) Free Trade Area (FTA) Framework Agreement, to help boost growth among least developed and developing nations in South and Southeast Asia.

According to Minister Thakali, the Agreement will encourage cooperation among BIMSTEC member countries – Bangladesh, Bhutan, India, Nepal, Sri Lanka, Myanmar and Thailand – in trade, investment, and service industries.

Weak trade and economic integration in the BIMSTEC region is not beneficial, added Minister Thakali.

The Minister also highlighted implementation of the BIMSTEC Transport Infrastructure and Logistics Study (BTILS).

Heading a private sector delegation from Nepal, the Commerce Minister delivered a statement during the BIMSTEC Business Summit, held on the sidelines of the BRICS-BIMSTEC Outreach Summit in Goa, India.

The Summit was jointly organized by the Indian Ministry of External Affairs and the Confederation of Indian Industry.


Related Link:

The fourth meeting of Nepal-Bangladesh commerce joint-secretary level technical committee was held in Kathmandu, Nepal on 22-23 October...

Read More


India and Nepal held a two-day energy secretary level meeting on 14-15 October 2019 in Bangalore, India. The...

Read More


The Government of India has, in principle, allowed Nepal access to three inland waterway routes: (i) Kolkata-Kalughat, Raxaul;...

Read More


The Government of India plans to implement a National Logistics policy to help bring down the logistics cost...

Read More


The Kolkata Customs of the Government of India has granted an 84.33% subsidy for Nepali cargo duty insurance,...

Read More


The 69 kilometer Motihari (India)-Amlekhgunj (Nepal) pipeline, signed by India and Nepal in 2015, was jointly inaugurated by...

Read More


Construction of Colombo's first elevated highway commenced on 10 September 2019 with Sri Lanka Prime Minister Ranil Wickremesinghe...

Read More