Search Result for : Indo Nepal Trade

The Dollar Business Bureau India and Nepal on Thursday agreed to address and resolve bottlenecks to bolster bilateral trade and boost investments between the two neighbours. Earlier this week, a two-day meeting between the two nations’ Inter -Governmental Committee on Trade, Transit and Cooperation was held in New Delhi to discuss bottlenecks and keep a check on unauthorised trade. They also discussed new issues related to infrastructure, investments, trade and transit. Commerce Secretary Rita Teaotia led the Indian delegation, while Naindra Prasad Upadhaya led the Nepalese delegation. “The committee reviewed the status of bilateral trade between the two countries…and agreed to resolve bottlenecks to bolster bilateral trade,” the Commerce Ministry said in a statement. The two sides also agreed to work out all the necessary modalities ...

The Dollar Business Bureau According to an official release from Ministry of Road Transport & Highways, four countries belonging to South Asian Association for Regional Cooperation (SAARC) on Thursday finalized an agreement that would facilitate their cross-border trade. India, Bangladesh, Bhutan and Nepal, in a meeting from between February 2-3, 2015, at Raichak near Kolkata, discussed Motor Vehicle Agreement (MAV), under which the countries agreed for a seamless transit of passenger and cargo vehicles between their countries and draw up plans for its speedy implementation. This agreement, which has been prevalent in European countries, would allow the passenger, personnel and cargo vehicles of these countries, travel in designated key routes avoiding trans-shipment of goods and passengers at the border ...