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Kathmandu:
A gathering of the India-Nepal Inter-Governmental Committee (IGC) on Trade and Transit was held at the moment, throughout which each side reviewed the progress made on wide-ranging bilateral agenda together with overview of treaties of commerce and transit, said the Indian embassy.
The digital assembly was led by commerce secretaries of each international locations. The IGC is the bilateral mechanism to overview and set the best way ahead for additional enhancing bilateral commerce and financial ties.
“Anup Wadhawan, Commerce Secretary, Government of India was accompanied by the Ambassador of India to Nepal Vinay Mohan Kwatra and a 15 member delegation drawn from various Ministries and the Indian Embassy in Kathmandu, while his counterpart, Baikuntha Aryal, Secretary (Commerce & Supplies) of Nepal was assisted by representatives of various Ministries and Departments of Government of Nepal,” the embassy assertion learn.
According to the Indian embassy, the assembly concluded with each side reviewing progress made on the event of commerce infrastructure in addition to funding promotions together with the brand new proposal of improvement of cross-border financial zones and holding assembly of Joint Business Forum.
During the assembly, each commerce secretaries famous with appreciation that regardless of the COVID-19 pandemic, there was “smooth and unimpeded” commerce and business cargo motion by vehicles throughout the land border with help and facilitation of each the governments, the embassy mentioned.
“The wide-ranging discussions today and the progress made in the meeting are expected to further support the expansion in economic and commercial ties between India and Nepal,” it added.
The Inter-Governmental Sub-Committee (IGSC) on the stage of Joint Secretaries met on December 3-4, 2020 within the preparation for IGC assembly.
The assembly was held days after Foreign Secretary Harsh Vardhan Shringla visited Nepal. During his go to, Shringla had known as on Nepali management President Bidya Devi Bhandari and Prime Minister KP Sharma Oli.
Mr Shringla had additionally met Nepal Foreign Minister Pradeep Kumar Gyawali and his Nepali counterpart Bharat Raj Paudyal.
The embassy mentioned India stays the most important commerce and funding accomplice of Nepal each when it comes to Nepali imports and Nepali exports.
“In fact, India is the only trading partner of Nepal with whom Nepali exports have consistently increased in the last two to three years,” it added.
(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
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