KATHMANDU, Dec 16: The Confederation of Nepalese Industries (CNI) has urged Bangladesh to allow barrier-free entry to Nepali products into Bangladesh.
In a meeting with the Bangladeshi authorities on Wednesday, the CNI delegates pushed for removing the non-tariff barriers along with considering Nepali goods under the low tax rates in Bangladesh. Speaking at a program, CNI President Vishnu Kumar Agrawal said Nepal is willing to supply daily essential goods, in particular, to meet the demand of densely-populated Bangladesh.
According to a CNI press release, Bangladesh has been achieving a growth rate at seven percent annually for the past five years. Both Nepal and Bangladesh have been looking forward to upgrading themselves to the status of developing nations. “This is the right time that the countries need to promote economic relationships through promoting bilateral trade,” said Masud Bin Momen, foreign secretary of Bangladesh.
Meanwhile, CNI and Dhaka Chamber of Commerce and Industries signed a memorandum of understanding, aiming to facilitate bilateral trade and investment between the two countries.