The visiting business delegation from Confederation of Nepalese Industries (CNI) said agriculture, tourism, energy, education and IT are some of the potential sectors for investment.
Besides, Nepal has the highest peak in the world and Bangladesh has the longest sea beach in the world, therefore tourism can be a promising sector of mutual preferences, they said.
They came up with ideas at the business networking meeting with the Dhaka Chamber of Commerce & Industry (DCCI) at DCCI office on Tuesday.
DCCI President Rizwan Rahman chaired the meeting. Meanwhile, a memorandum of cooperation (MoC) between DCCI and CNI was also signed after the meeting.
Rizwan Rahman and President of CNI Vishnu Kumar Agarwal signed the document on behalf of their respective organizatons.
Speaking on the occasion Charge D’ Affairs of Embassy of Nepal in Bangladesh Kumar Rai said according to World Bank and IMF Bangladesh’s economic progress is quite good.
He appreciated the government’s long-term plan to reap the benefits of blue economy and high-tech industries.
Commerce secretary of Bangladesh Tapan Kanti Ghosh was present in the meeting as the chief guest. He said that a Preferential Trade Agreement (PTA) between Bangladesh and Nepal is in the final stage.
He also said that there are various commonalities between Bangladesh and Nepal and both the countries are going to be graduated from the LDC category in 2026.
Business insiders said Bangladesh and Nepal can work on common interests at various international forums including SAARC, BIMSTEC, WTO that bolster diplomatic and economic friendship.
The bilateral trade was around $73.47 million in FY 2020-21 having positive trade balance for Bangladesh. RMG, Pharmaceuticals, Agro-food processing, Jute goods, ITES, Light engineering, electronics have great investment and trade potentials as Nepal is one of the preferred investment destinations for Bangladesh.
Nepal can invest in agro-processing tourism, financial sectors and SEZs. He also urged Nepal to consider Bangladesh, Bhutan, India, and Nepal (BBIN) connectivity deal to exploit our economic opportunities.
Connectivity among BBIN in the last couple of years has improved bilateral relations in the fields of trade, business, culture, and education and research.
Source: United News of Bangladesh