Bangladesh Ambassador meets the office bearers of the Federation of Nepalese Chambers of Commerce & Industry (FNCCI)
Welcoming the Ambassador, the President of FNCCI Mr. Shekhar Golchha briefed about the existing business relations between the two countries as well as their works as the umbrella organization of business groups representing more than 100 business associations in Nepal. The FNCCI leaders highly appreciated the measures taken by the Government of Bangladesh in dealing with the impact of COVID-19 pandemic which helped in sustaining the steady economic growth of the country. Terming Bangladesh as the second largest business partner of Nepal in South Asia, they called for the minimization of the trade gap between Nepal and Bangladesh. Given the fact that Nepal will be graduating from LDC like Bangladesh at the same time, they also expressed their interest in learning from the experience of Bangladesh in preparing for graduation.
In his remarks, Ambassador Chowdhury informed that during the initial period of the outbreak of the pandemic the Government of Bangladesh significantly expanded social safety net coverages and announced stimulus packages to absorb the impacts on business and marginal sections of the society. He mentioned that Bangladesh and Nepal, having complementarities in various sectors of the economy, should learn from each other’s experiences and best practices. Appreciating the concerns of the Nepali businessmen on the increasing trade gap, the Ambassador also said that the early conclusion of the agreements on preferential trade and investment protection will increase the volume of trade for both the countries which will help in absorbing the shocks of post-graduation challenges. He also invited the business community of Nepal to visit Bangladesh and explore the potential areas of trade and investments.
From FNCCI, two Vice Presidents Mr. Ram Chandra Sanghai and Mr. Anjan Shrestha, and from the Embassy Deputy Chief of Mission Ms. Ishrat Jahan and First Secretary (Trade) Mr. Mohammad Alamgir Islam Khan were present, among others.
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