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Bangladesh, Nepal agree to boost trade, investment cooperation

  • Published at 03:39 pm August 30th, 2018
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Bangladesh Prime Minister Sheikh Hasina meets with her Nepali counterpart KP Sharma Oli on the sidelines of the 4th Bimstec Summit in Kathmandu, Nepal on Thursday, August 30, 2018 PID

Nepalese PM says the two nations need to explore opportunities to boost cooperation in different sectors

Bangladesh and Nepal have agreed to enhance bilateral trade and investment and work together to develop the power sector.

The consensus came at a meeting between Prime Minister Sheikh Hasina and her Nepalese counterpart KP Sharma Oli on the sidelines of the 4th BIMSTEC Summit in Kathmandu on Thursday.

“They discussed bilateral and regional cooperation and put emphasis on increasing trade and investment as well as enhanced cooperation for power-sector development,” Hasina’s Press Secretary Ihsanul Karim told reporters after the meeting at Hotel Soaltee Crowne Plaza in the afternoon.

Karim said the two prime ministers discussed importing electricity from Nepal and signing a memorandum of understanding (MoU) in this regard, reports BSS.

He said that Sheikh Hasina recalled Nepal’s support during Bangladesh’s Liberation War, with profound gratitude, and said Dhaka deeply valued its relations with Kathmandu.

“Our main aim is to eradicate poverty from the region… we want development not for our country alone—we want the neighbours to develop as well,” she said.

Hasina offered Nepal to use Bangladesh’s seaports and the Syedpur airport and added Bangladesh could also share its experience in disaster management with Kathmandu.

Prime Minister Oli said the two countries needed to “explore opportunities to boost cooperation in different sectors.”

Hasina stressed the need to further strengthen regional connectivity for the benefit of South Asian nations.

Later, Bhutanese Chief Adviser or head of interim government Dasho Tshering Wangchuk called on Sheikh Hasina, at the same location, and they discussed matters of mutual interest, the press secretary said.

The two leaders expressed satisfaction over the existing friendly ties between the two countries and hoped that the relationship would be further strengthened in the coming days.

Later, Sheikh Hasina, along with other BIMSTEC leaders, jointly called on Nepalese President Bidya Devi Bhandari at Sheetal Nibash, the Presidential Palace, in the capital city.

There, they also attended a banquet luncheon hosted by the Nepalese president.

Sheikh Hasina arrived in Nepal in the morning to join the two-day 4th Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) that began today.