Bangladesh-Nepal PTA at final stage

A Preferential Trade Agreement (PTA) between Bangladesh and Nepal is in the concluding stage, said the Commerce Secretary of Bangladesh Tapan Kanti Ghosh on Tuesday.

The minister came up with the remarks while attending a business networking meeting between the Dhaka Chamber of Commerce and Industry (DCCI) and the visiting business delegation from Confederation of Nepalese Industries (CNI), Nepal held at DCCI as the chief guest. A memorandum of cooperation (MoC) between DCCI and CNI was also signed during the meeting chaired by DCCI President Rizwan Rahman, said a press release.

DCCI President Rizwan Rahman and President of CNI Vishnu Kumar Agarwal signed the documents on behalf of their respective organisations.

PTA will be signed after getting final nod from the Nepalese side shortly, Tapan Kanti hoped.

“Bangladesh is a very big market of huge consumer base especially in the FMCG sector and Bangladesh has to import a large quantity of consumer items like edible oil, lentil, sugar etc”, he added. He urged Nepali businessmen to leverage this opportunity.

He also termed that the memorandum of cooperation signed between DCCI and CNI is a milestone for the both-way trade and commerce.

He expressed his hope, that this cooperation will boost bilateral trade and investment to a further level.