Bol­ster­ing Re­gional Ties

Southasia - - Briefing -

In an ef­fort to pro­mote eco­nomic and trade re­la­tions, Su­raj Vaidya, Pres­i­dent of the Fed­er­a­tion of Nepalese Cham­bers of Com­merce and In­dus­try (FNCCI), re­cently signed two agree­ments with the Union of Cham­bers and Com­mod­ity Ex­changes of Turkey and the Ge­or­gian Cham­bers of Com­merce and In­dus­try.

The sign­ing cer­e­mony took place dur­ing the 26th Con­fer­ence of the Con­fed­er­a­tion of Asia-Pa­cific Cham­bers of Com­merce and In­dus­try in Kath­mandu, which saw the ar­rival of busi­ness lead­ers from all across the world. Nepal is cur­rently look­ing to ex­pand its eco­nomic ties with coun- tries, which pos­sess sim­i­lar eco­nomic con­di­tions. Turkey and Ge­or­gia are suit­able part­ners. Ac­cord­ing to the agree­ment, Nepal and Turkey will form a Trade Coun­cil that will fa­cil­i­tate in­vest­ment op­por­tu­ni­ties. Speak­ing at the sign­ing cer­e­mony, Vaidya stated that the move will pro­vide un­par­al­leled op­por­tu­ni­ties and av­enues for mu­tual co­op­er­a­tion and will serve as a land­mark for eco­nomic devel­op­ment in Nepal.

Nepal is des­per­ately search­ing for trade op­por­tu­ni­ties to boost its econ­omy and trans­form it­self into a prom­i­nent player in the Asia-Pa­cific re­gion. Re­ly­ing heav­ily on its tourism sec­tor, Nepal has ag­gres­sively pushed its agenda to se­cure a deal with the Turk­ish del­e­ga­tion that agreed to es­tab­lish air routes to pro­mote tourism which will bring eco­nomic ben­e­fits to the land­locked South Asian na­tion. In ad­di­tion to this, the Nepalese del­e­ga­tion urged the busi­ness com­mu­ni­ties from Turkey and Ge­or­gia to in­vest in hy­dropower, ed­u­ca­tion, health and in­fra­struc­ture in or­der to bol­ster re­gional ties.

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