On Monday, India and Nepal reviewed the growth of cross-border trade infrastructure and discussed ways to improve trade and investment, including the establishment of cross-border economic zones.
These issues were addressed during a virtual meeting of the Bilateral Inter-Governmental Trade and Transit Committee, which was seen as a further step towards normalising the relations that struck the border line earlier this year.
Nepal indicated its desire to discuss various trade and transit issues during the visit of Foreign Secretary Harsh Vardhan Shringla to Kathmandu last month.
The Statement by the Indian Embassy in Kathmandu stated that the meeting reviewed the growth of cross-border trade infrastructure and explored ways to encourage investment, including a new proposal on the development of cross-border economic zones and a meeting of the Joint Business Forum.
The two parties have reviewed the trade and transit treaties. The two trade secretaries acknowledged that, despite the Covid-19 pandemic, there was a smooth and unimpeded flow of trade.

Leave a Reply

Your email address will not be published. Required fields are marked *