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Thursday, June 21, 2012

Pvt sector of Nepal, Pak talk trade

Private sector of Nepal and Pakistan have stressed the need to increase connectivity between the two countries in order to increase bilateral trade.

According to a press release issued on Tuesday, trade representatives from Rawalpindi Chamber of Commerce and Industry on the day held discussion on trade and connectivity with officials of Federation of Nepalese Chambers of Commerce and Industry.


Nepal Trade Integration Strategy (NTIS) 2010 - a blueprint of the government to boost export - has identified Pakistan as a destination country for four goods - cardamom, ginger, lentils and tea.


“Officials of the two trade organizations underlined the need to decrease airfare between Nepal and Pakistan. They also held discussions on the ´3rd Made in Pakistan Fair´ being held in Kathmandu from June 20 to 26.


Pashupati Murarka, vice-president of the FNCCI and Ajar Man Shrestha, president of Lalitpur Chamber of Commerce and Industry (LCCI) were also present in the meeting.


According to statistics of Trade and Export Promotion Centre (TEPC), Nepal suffered trade deficit of Rs 20.2 million with Pakistan in fiscal year 2009/10. Nepal mainly exports cardamom, ginger, lentils and tea to Pakistan.

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