Pakistan - Nepal Free Trade Agreement to be expedited, PM asks Nepalese FM

Pakistan - Nepal Free Trade Agreement to be expedited, PM asks Nepalese FM

UNITED NATIONS (APP): Prime Minister Muhammad Nawaz Sharif on Thursday stressed the need for early conclusion of a bilateral Free Trade Agreement (FTA) between Pakistan and Nepal.

The Prime Minister said this during a meeting with Foreign Minister of Nepal, Prakash Sharan Mahat, who called on him here on the sidelines of the 71st UN General Assembly session in New York.

READ MORE: PM Nawaz Sharif responds to Indian allegations

He asked the Foreign Minister to convey good wishes to Prime Minister Pushpa Kamal Dahal on assuming responsibilities as Prime Minister of Nepal and expressed the hope that both leaders could work together to enhance bilateral relations.

The Nepalese Foreign Minister said Pakistan was an important country in South Asia and expressed the desire to enhance bilateral relations.

Prime Minister Sharif highlighted that there was tremendous potential to enhance bilateral trade relations.

Current trade volume of US$ 1.36 million per annum was far from satisfactory. Both countries could work together in the fields of agriculture, pharmaceuticals, infrastructure and automotive industry, the meeting reiterated.

READ MORE:  SAARC : A journey from SAFTA to South Asian Economic Union

Cooperation in multilateral fora, particularly SAARC was also discussed. It was agreed that there was a need to making SAARC a more effective body to bring about a meaningful improvement in the lives of the people of South Asia.

The Prime Minister looked forward to welcoming Prime Minister Prachanda at the 19th SAARC Summit to be held in Islamabad in November.

More from this category