Bilateral trade relations need to be strengthened: Dhakal

KATHMANDU: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has emphasised the need to strengthen bilateral trade relations between Nepal and Thailand, pointing to the long-standing relationship between the two countries.

In a meeting with Suchira Panchana, Minister Counsellor (Commercial) and the Director of Thai Trade Centre, New Delhi, at the FNCCI Secretariat on Monday, Dhakal stated that Nepal and Thailand share a long history of friendship and cooperation, and trade relations have proven this enduring relationship. Dhakal mentioned that the volume of trade between Nepal and Thailand has been steadily increasing over the past years, reaching approximately 15 million US dollars in 2023, indicating potential and opportunities for both nations.

In the meeting, Dhakal highlighted various areas for enhanced cooperation between Nepal and Thailand. He stated that Nepal is rich in high-quality agricultural products like tea, coffee and herbs, and by utilising Thailand’s advanced food processing technology, these products can be made more competitive in the global market. Dhakal also suggested that both Nepal and Thailand can attract more tourists and promote the tourism sector by developing joint marketing campaigns and tourism packages encompassing destinations from both countries, as both nations are renowned for their unique and diverse tourist attractions.

During the meeting, Suchira Panchana mentioned that the Thai Trade Centre plans to organise a trade fair and seminar in Nepal next year. She expressed her expectation of cooperation from FNCCI in organising the trade fair and seminar.