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CNI, EU officials discuss enhancing bilateral trade, cooperation

B360
B360 May 17, 2024, 10:29 am
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KATHMANDU: Officials from Confederation of Nepalese Industries (CNI) and the European Union (EU) held a meeting in Kathmandu on Thursday to discuss ways to enhance bilateral trade and economic cooperation between Nepal and the EU.

The meeting included CNI officials, Myriam Ferran, Deputy Director General - DG International Partnerships European Commission, and Veronique Lorenzo, EU Ambassador to Nepal. The discussion focused on strengthening bilateral trade relations and increasing the export capacity of Nepali products to the European market.

According to the CNI, the conversation underscored Nepal's expected graduation from a least developed country to a developing one by 2026, potential of Nepal's manufacturing and information technology (IT) sectors, and the related commercial benefits and economic development.

At the meeting, CNI President Rajesh Kumar Agrawal detailed various aspects of economic and commercial relationships between Nepal and the EU. He also identified potential areas where the EU could assist in Nepal's future economic development. He requested the necessary support to re-operate direct air flights from Nepal to European countries.

The EU Ambassador to Nepal confirmed the EU's commitment to supporting Nepal in its path towards economic growth and development.

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MAY 2024

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