EEC – Nepal Representatives Meet EC Delegates


Jan. 10, 2011, 5:45 p.m. Published in Magazine Issue: Vol.: 04 No .-14 Jan. 07-2011 (Poush 23,2067)

A 7–member delegation from the European Commission led by EU's Asia Chapter Director James Moran held consultation with leading businessmen and industrialists affiliated with European Economic Chamber of Trade, Commerce and Industry (EEC – Nepal) on 14th December, 2010.

During the meeting Moran stated that EC has a stake in enhancing trade and business links as EU is the second largest trading partner of Nepal. He further added that it is important to maintain regular business dialogue as the trade between Nepal and EC countries has witnessed a drop in recent times and this is a worrisome signal. Nonetheless EC is willing to help Nepal in its trade with this important bloc. He expressed some concern about the political instability and its impact of the general business environment. He opined that it would be in Nepal's interests to have a stable government so that this could send a positive signal to potential investors from countries within EC.

President of EEC – Nepal Dibya Mani Rajbhandari briefed the delegation about the general business scenario in Nepal and also spoke about issues and problems facing the business community in general. He requested the need for further assistance from EC with funds targeting the least developed and land locked countries. He also asked for help in market access for Nepali products within EC.  He requested the delegation help in extending derogation facilities which is currently provided to Nepal.

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