Wednesday, 12 June, 2024

Nepal wants to advance SAARC process


By A Staff Reporter
Kathmandu, Apr. 14: The Ministry of Foreign Affairs (MoFA) has said that Nepal is putting its efforts to further the process of the South Asian Association for Regional Cooperation (SAARC).
"As the current chair of the regional association, Nepal wants to continue the SAARC process," Spokesperson for the MoFA Sewa Lamsal said at a press meet organised by the ministry on Wednesday.
Nepal has been the chair of the SAARC since November 2014. Prolonged tensions between India and Pakistan have disturbed the SAARC process and the organisation has failed to organise regional summit since 2014. The last summit was held in Kathmandu.

Likewise, Lamsal said that Nepal and Bangladesh are planning for the secretary-level meeting which would be held soon. The two countries are doing homework to finalise agenda for the meeting. "Agenda are yet to be set. However, trade, energy, investment, high-level exchange as well as exploiting trade and business opportunities will be priority agenda," said Lamsal. Similarly, Bangladesh and Nepal are strengthening climate change cooperation.

We are also studying Bangladeshi model for LDC graduation, she said.
Bangladesh is graduating from the Least Developed Countries (LDCs) in 2026. Since Bangladesh is faring better than Nepal in terms of business development, investment attraction and economic progress, the latter can learn from it.
Meanwhile, Nepal and Bangladesh are celebrating golden jubilee of their diplomatic ties. Presidents and prime ministers of both countries have recently exchanged congratulatory notes.