Treaty of trade - Latest News Update, Information, Photos & Videos on Treaty of trade at Lokmat Times

Kathmandu, Sep 14 Nepal and India discussed matters pertaining to bilateral and mutual interests during the Foreign Secretary-level talks in New Delhi.At the invitation of his Indian counterpart Vinay Mohan Kwatra, Nepal's Foreign Secretary Bharat Raj Poudyal arrived in New Delhi and held the bilateral talks at Hyderabad House on Tuesday where two sides discussed a wide range of issues and issues related to mutual interest and concerns, according to statements issued by New Delhi and Kathmandu.The Foreign Secretaries discussed multiple areas of cooperation between Nepal and India covering trade, transit, connectivity, infrastructure, power sector, irrigation and inundation, agriculture, investment, development cooperation, health sector cooperation, culture, and people to people relations, among others, a statement issued by the Nepali Embassy in New Delhi said."They reviewed the progress on the discussions held during the high-level visits of the Prime Minister of Nepal Sher Bahadur Deuba to India on April 1-3 and of Prime Minister of India Narendra Modi to Lumbini, Nepal on May 16. The two Foreign Secretaries discussed the ways and means to build on momentum generated by those visits. They also discussed cooperation on multilateral forums," the statement added.Kwatra and Poudyal also expressed satisfaction at the progress made in different areas including power sector, construction of transmission line, railway connectivity, construction of ICPs, mototable bridge and other important infrastructures.They also discussed early conclusion of the Transit Treaty including its Protocol and the Memorandum to the Protocol and expediting the review of the Treaty of Trade, said the statement issued by the Nepali side.Matters related to fertilizers supply, waiver of export restrictions in wheat, sugar, paddy, and rice were on the agenda as well.Nepal is expecting to receive fertilizer from India on an annual basis and is seeking the waiver of some essential items that India has put a ban for exporting following the war between Russia and Ukraine.Recalling the outcome of high-level visits, both sides discussed seamless power trade under mutually beneficial arrangement, the statement issued by the Nepali side said, the two Foreign Secretaries also discussed the boundary matters.In this regard, they exchanged views on completing the boundary works on remaining segments through established bilateral mechanisms, the Nepali statement added.Similarly, according to the Indian statement, two Foreign Secretaries reviewed the entire spectrum of bilateral cooperation between India and Nepal, including economic and commercial cooperation, enhancing connectivity, development cooperation, trade, culture and people-people relations."Recent progress in bilateral cooperation in the power sector including through export of power from Nepal to India was appreciated. It was also agreed that both sides will work to further strengthen such cooperation in keeping with the Joint Vision Statement on Power Sector Cooperation adopted during the visit of the Prime Minister of Nepal to India in April 2022. Both sides welcomed the recent signing of the MoUs between NHPC, India and IBN, Nepal on the development of West Seti and SR-6 projects," said the statement.During the meeting, in terms of connectivity projects, the progress made in operationalisation of Kurta-Bijalpura segment of Jayanagar-Bardibas rail link and Bathnaha-Nepal Custom Yard segment of Jogbani-Biratnagar rail link, which are significant steps in further strengthening the people-people links, was noted with satisfaction."The Nepali side appreciated the Covid-19 assistance provided by India during the pandemic and also thanked the Indian side for keeping the supply lines of trade open, even during the peak of the lock down," said a statement issued by India's Ministry of External Affairs.To further strengthen people-people links, both sides agreed to expeditiously progress on project proposals for the Ramayana Circuit, said the ministry.Both sides also agreed to expeditiously implement extension of petroleum pipeline from Amlekhgunj to Chitwan and construction of an LPG pipeline from Motihari to Chitwan, the Indian statement added.Poudyal is scheduled to call on External Affairs Minister S. Jaishankar on Wednesday.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Treaty Of TradeFOLLOW

Treaty of trade, Latest News

International :PM Narendra Modi Bhutan Vist: Indian Prime Minister Embarks on State Visit to Bhutan, To Promote Friendship Treaty

New Delhi [India], March 22 : Prime Minister Narendra Modi on Friday embarked on a state visit to Bhutan. ... ...

International :Nepal, India discuss issues of bilateral, mutual interests

Kathmandu, Sep 14 Nepal and India discussed matters pertaining to bilateral and mutual interests during the Foreign Secretary-level ... ...