CNI calls on FM Saud to promote economic diplomacy

KATHMANDU: The Confederation of Nepalese Industries (CNI) has called on the government to place a high emphasis on promoting the export of Nepali products via Nepali embassies stationed abroad.

A delegation of CNI Sunday met with Minister for Foreign Affairs, NP Saud, and emphasized the significance of economic diplomacy to foster tourism, enhance the export of Nepali products, and attract foreign investments. CNI President Rajesh Kumar Agrawal underscored the pivotal role of creating an investment-friendly environment in the country to attract foreign direct investments. “Policy stability and cultivating stronger business relationships with international investors are critical for attracting foreign direct investments into the country,” he added.

CNI has suggested that Nepali embassies around the world take an active role in facilitating regular visits and engagements with foreign business representatives. Such engagements are anticipated to foster better understanding and cooperation between Nepal and its trading partners.

Additionally, the CNI delegation also demanded that the government ensure the continuity of cargo railway service currently operational from India to Biratnagar. It also urged the government to pursue a ‘motor vehicle agreement’ with India to further enhance cross-border transportation and trade.

In response, Foreign Minister Saud said the government would prioritize the issues raised by the CNI. “The government will give due consideration to these recommendations as it charts its economic diplomacy and trade strategies moving forward,” he added.