Nepal-India IGSC meet discusses ways for mutual market access for medicinal goods

KATHMANDU:  A meeting of Nepal-India Inter-Governmental Sub-Committee (IGSC) on trade, transit and cooperation to control unauthorised trade concluded in Kathmandu.

The two-day meeting held from January 12 to 13 aimed to promote bilateral cooperation and trade relations and transit by preventing unauthorised trade.

Joint Secretary at the Ministry of Industry, Commerce and Supplies, Ramchandra Tiwari, headed the Nepali delegation to the meeting that was attended by representatives from various ministries and departments.

Joint Secretary Vipul Bansal of the Ministry of Commerce and Industry, India led the Indian delegation to the meeting which witnessed the participation of representatives from the Embassy of India in Kathmandu and senior government officials from India.

The meeting discussed various agendas while also exploring ways to find mutual market access for medicinal and ayurvedic goods.

The Indian side highlighted the significance of the Paris Convention to promote foreign direct investment (FDI). The meeting stressed the need for strengthening unobstructed trans-national connectivity between Nepal and India including the establishment of an integrated customs point and the construction of a railway service between the two countries.

India remains a major trading partner of Nepal. The meeting is expected to contribute to further enhancing the economic and business relations between the two countries.