Nepal, B’desh to sign zero-tariff pact
KATHMANDU, FEB 11 -
Nepal and Bangladesh are all set hold commerce joint-secretary-level talks on February 17, in which the government will sign some crucial trade agreements, including the zero tariff facility under which 146 Nepal i agro-goods can enjoy free market access to the country’s second largest trading partner in South Asia.
In that meeting, Nepal had sought the facility for 246 Nepal i products, including lentils, tomato and herbs, among others. The meeting had formed a bi-lateral technical committee to study and decide on how many and which Nepal i products would get duty-free access to the Bangladesh i market.
The committee was led by Naindra Prashad Upadhya, joint-secretary at the Ministry of Commerce and Supplies.
“The upcoming meeting, which is being held in Dhaka, is the meeting between these two technical committees,” said a ministry official.
The ministry has prepared a list of agro items to recommend for duty-free market access to Bangl-adesh. The list was prepared in coordination with private sector bodies including the Federation of Nepal ese Chambers of Commerce and Industry (FNCCI).
During the 2012 meeting, the Bangladesh i side had demanded trade expansion and tariff cut for their products to five percent. The tariff cut was sought on products such as juice, fish, clothes, tissue paper, electrical goods, pharmaceuticals and cement, among others. “We will try to explore possibilities to fulfill their demands,” said the ministry official.
In the upcoming meeting, Nepal will ask the Bangladesh i side to endorse the transport agreement signed in 2006. The agreement envisages connecting Nepal and Bangladesh directly through India and is expected to ease and enhance trade between the two countries. “Besides, the meeting will also discuss other modalities of transportation,” said Upadhya who will lead the Nepal i side in the meeting.
He said the Nepal i side will also forward a draft of the agreement on the food quarantine certification system.
“As per the request of the Bangladesh government, we are handing over the draft of the memorandum of understanding on the food quarantine certification system,” he said.
Posted on: 2013-02-11 08:54