by Porimol Palma in The Daily Star, June 22, 2023Bangladesh’s move to join the BRICS can provide a boost to trade and investment in the post-LDC world but the authorities should be wary of any geopolitical traps, said experts. Since 2021, Bangladesh has been a member of the New Development Bank established by BRICS — an alliance of Brazil, Russia, India, China and South Africa since 2001 — as an alternative to the World Bank…
Posts tagged as “trade”
development in Sri Lanka – Chinese Vice Minister of Foreign Affairsreport in The Island, May 31, 2023Chinese Vice Minister of Foreign Affairs, Sun Weidong who called on Prime Minister Dinesh Gunawardena at the Temple Trees on Tuesday (May 30) assured that China will increase investments in several areas such as agriculture, trade and commerce, ports and infrastructure development in Sri Lanka. He also said China will continue to provide economic assistance as well as support…
By Prithvi Man Shrestha in The Kathmandu Post, May 17, 2023Nepal and Bangladesh have agreed to make efforts to start trading of power from the upcoming wet season (June-November) with the export of 40–50MW electricity from Nepal, according to a member of the Nepali delegation to the bilateral talks held in Patuakhali, Bangladesh. During the fifth meeting of the secretary-level Joint Steering Committee on energy cooperation between Nepal and Bangladesh on Tuesday, the two sides…
by Raj Bahadur Shahi in the Kathmandu Post, April 7, 2023Residents of remote Mugu district bordering China have long been eking out a living by conducting trade with the northern neighbour. In early 2020, the border closed, and hundreds of households in this northwest corner of Nepal were pushed to the edge of poverty after all commerce came to a halt. Villagers living close to the Nepal-China border points say Beijing’s erratic trade policy is…
report in The Daily Observer, Apr 3, 2023BENAPOLE, April 2: Export and import through Benapole land port in Jashore with neighbouring India remains suspended for the second consecutive day today due to a work abstention of clearing and forwarding (C&F) agents in India’s Petrapole land port. Several hundreds of goods-laden Bangladeshi trucks heading towards India have been stuck at the Benapole port since Saturday. Abdul Jalil, deputy director of Benpole land port, confirmed the development…
By Nishel Fernando in Daily Mirror, Mar 31, 2023The use of Indian rupee (INR) in Sri Lanka-India bilateral trade is facilitating traders from both countries to cut transaction costs by over 50 percent while enabling same day trade settlements. Joining a panel discussion themed ‘Indian rupee denominated trade settlements between India and Sri Lanka and the impact to importers’ organized by Ceylon Chamber of Commerce, Bank of Ceylon Deputy General Manager – International Treasury and…
Report in The Kathmandu Post, MAR 30, 2023Senior Nepali and Chinese officials have agreed to fully reopen the Kerung border point for two-way trade and movement of people from April 1. The decision was made on Wednesday during the first meeting of the Nepal-China Coordination Mechanism on Border Trade and Cooperation held in Lhasa on Wednesday. The meeting was co-chaired by Madhu Kumar Marasini, secretary at the Ministry of Industry, Commerce and Supplies and Chen…
Report in The Kathmandu Post ONLINE, March 26, 2023Senior officials from Nepal and China are meeting this week in Lhasa, the capital of the Tibet Autonomous Region, aiming to facilitate bilateral trade and commerce. This is the first meeting of the joint mechanism set up in August last year during the official visit of then foreign minister Narayan Khadka to Qingdao, China. A statement issued after the visit had said the two foreign ministers decided…
Report in The Kathmandu Post ONLINE, March 26, 2023Senior officials from Nepal and China are meeting this week in Lhasa, the capital of the Tibet Autonomous Region, aiming to facilitate bilateral trade and commerce. This is the first meeting of the joint mechanism set up in August last year during the official visit of then foreign minister Narayan Khadka to Qingdao, China. A statement issued after the visit had said the two foreign ministers decided…
by Buddhika Samaraweera in The Morning, Mar 3, 2023Against the backdrop of several trade unions (TUs) of the health sector and the Ceylon Electricity Board (CEB) having already decided to launch a continuous strike from next week demanding the withdrawal of the Government’s new tax policies, several other trade unions are to make a final decision regarding their course of action against the same at a discussion to be held today (3). Speaking to The…