KATHMANDU, DECEMBER 7
The commerce secretaries of Nepal and India co-chaired the meeting of the inter-governmental committee (IGC) on ‘Trade, Transit and Cooperation to Control Unauthorised Trade’ that was held through video conferencing today.
Baikuntha Aryal, secretary of commerce and supplies of Nepal, was assisted by representatives of various ministries and departments of Nepal government, while his counterpart, Anup Wadhawan, commerce secretary, government of India was accompanied by the Ambassador of India to Nepal Vinay Mohan Kwatra and a 15-member delegation drawn from various ministries and the Indian Embassy in Kathmandu.
The IGC is the apex bilateral mechanism for promotion of trade and investments between the two countries. The meeting reviewed progress made on several notable agenda items in the sphere of trade and commerce.
These included discussions on comprehensive reviews of the Treaty of Transit and the Treaty of Trade, amendments to the Rail Services Agreements, measures taken for investment promotion, constitution of Joint Business Forum, harmonisation of standards as well as synchronised developme