Monday, July 29, 2024

Bilateral trade relations need to be strengthened: FNCCI President

Federation of Nepalese Chambers of Commerce and Industry (FNCCI) president Chandra Prasad Dhakal has emphasised the need to strengthen bilateral trade relations between Nepal and Thailand, pointing to the long-standing relationship between the two countries.

In a meeting with Minister Counsellor (Commercial) and the director of Thai Trade Centre, New Delhi, Suchira Panchana at the FNCCI Secretariat today, he stated that Nepal and Thailand share a long history of friendship and cooperation, and trade relations have proven this enduring relationship. Dhakal mentioned that the volume of trade between Nepal and Thailand has been steadily increasing over the past years, reaching approximately $15 million in 2023, indicating potential and opportunities for both nations.

In the meeting, he also highlighted various areas for enhanced cooperation between Nepal and Thailand. Dhakal stated that Nepal is rich in high-quality agricultural products like tea, coffee and herbs, and by utilising Thailand's advanced food processing technology, these products can be made more competitive in the global market.

Dhakal also suggested that both Nepal and Thailand can attract more tourists and promote the tourism sector by developing joint marketing campaigns and tourism packages encompassing destinations from both countries, as both nations are renowned for their unique and diverse tourist attractions.

During the meeting, Panchana informed that the Thai Trade Centre plans to organise a trade fair and seminar in Nepal next year. She expressed her expectation of cooperation from FNCCI in organising the trade fair and seminar.

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