B Mirror Report : The meeting between Bangladesh and Nepal ended on Wednesday in Dhaka. This was the Commerce Secretary-level meeting and it lasted for two days. Bangladesh and Nepal want to increase trade, between them. They also want to work to help their economies. Bangladesh and Nepal are neighbours. They want to be better friends. They said they will do more to help each other with trade and economic things. The meeting was a chance for Bangladesh and Nepal to talk about how they can help each other. Bangladesh and Nepal are happy to work.
The Commerce Secretary of Bangladesh Mahbubur Rahman and Nepals Commerce Secretary, Dr. Ram Prasad Ghimire were in charge of their teams, at the meeting. This information came from a press release that the Commerce Ministry put out on Thursday. The Commerce Secretary of Bangladesh Mahbubur Rahman and the Commerce Secretary of Nepal Dr. Ram Prasad Ghimire headed their teams.
The commerce secretaries of both countries talked about how happy they’re with the strong relationships between the two countries. They think that the relationships between the countries will get even stronger, in the future.
The meeting was very detailed. Covered many topics that can help increase trade and make the economies of the countries work better together. The commerce secretaries of both countries discussed things that can help the countries do business with each other and work together on economic issues.
Key issues that were talked about included making it easier for the two countries to trade with each other through an agreement called a Preferential Trade Agreement. They also discussed making visa rules simpler. The countries want to reduce the fees they charge on imports, which are called tariffs and other barriers that make trade difficult. They want to make it easier for businesses to sell their products in each others markets. The countries also want to make it easier for people to send and receive money. They need to improve the ports where ships arrive and leave. The rail connections, between the two countries need to be expanded. It should be easier to get things through customs. The countries also want to make sure that goods can be transported through their territories easily and quickly which is called transit facilities. They want all of these things to be implemented effectively the Preferential Trade Agreement and the transit facilities and the reduction of tariffs and other barriers.
The meeting talked about how to improve tourism in Bangladesh, Nepal and India. They also discussed ways to have flights between these countries. People were interested in finding out about investment opportunities. They wanted to share ideas on how to make development sustainable after the -LDC graduation period. The meeting was also, about how Bangladesh, Nepal and India can work more closely.
The people from the two countries had talks about finishing the PTA. They both said it is necessary to finish the PTA draft text, Rules of Origin and product lists including the Request List and Offer List soon as possible. The Bangladesh team said they think it would be an idea to start the PTA with just a few products at first and then add more products later on. The PTA is very important. They want to make sure they get it right. They talked about the PTA a lot. They all agree that the PTA will be good, for both countries.
So we can move things forward everyone agreed that we should have a meeting of the Trade Negotiating Committee within the three months. The Trade Negotiating Committee meeting will help us finish the PTA draft text, the Rules of Origin and the product lists for the Trade Negotiating Committee. We need to finalise the PTA draft text and the Rules of Origin for the Trade Negotiating Committee. The product lists are also very important, for the Trade Negotiating Committee.
Both countries also agreed to work better to make sure that the things they already agreed on like the Memorandums of Understanding actually happen. They want to make sure that the Sanitary and Phytosanitary Measures and the Technical Barriers to Trade like the Sanitary and Phytosanitary Measures and the Technical Barriers, to Trade are handled properly. This will help them deal with problems related to the Sanitary and Phytosanitary Measures and the Technical Barriers to Trade.
The two sides also agreed to make it easier for people to get business visas, visas for professionals and their families and tourist visas. This will help more people travel. It will be good for trade, investment and tourism. The two sides will work together to make getting a visa simpler. They want to make the visa process easier for business visas visas, for professionals and their families and tourist visas.
People agreed that it is an idea to make it easier for products to be sold in more places. They also want to make it simpler for people to pay for things and to make sure that transactions are safe and reliable. The main goal is to get rid of rules that make it hard to trade make testing and certification easier and work together to promote trade between the two countries. They want to do all of this to increase trade between the two countries. Market access, for products is very important. They want to expand it.
The meeting talked about ways to increase trade between countries through government to government and business to business programs. They want to have trade fairs, exhibitions and send business groups to visit each other.
Both sides agreed that they will have trade fairs on a basis share information about the market help each other build skills and work together to help small and medium sized businesses, like the Micro, Small and Medium Enterprises.
It was further decided that the 9th Commerce Secretary-level meeting would be held in Nepal at a mutually convenient time.
