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Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 60]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/indexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '2640', 'article_category_id' => '79', 'title' => 'Nepal-Sri Lanka: The Half Century Bond', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> </div> <div> <strong>--By Upashana Neupane</strong></div> <div> </div> <div> <img alt="Sri Lanka" src="/userfiles/images/br5%20(Copy)(1).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 300px; height: 452px;" />Diplomatic relations betweenNepal and the Democratic Socialist Republic of Sri Lanka established 57 years ago on 1st July 1957. Relations between the two countries are marked by goodwill, mutual understanding and cooperation. </div> <div> </div> <div> Nepal opened an Honorary Consulate General in Colombo in 1975 and established its embassy in 1995. Sri Lanka has a residential embassy in Kathmandu since 1993. Nepal and Sri Lanka are the founder members of the South Asian Association for Regional Cooperation (SAARC) and are also the members of another regional organization called Bay of Bengal Initiatives for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Both countries share similar views on many international issues and work closely in various international forums such as the UN, NAM, WTO, etc.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Trade and Commercial Relations</strong></span></div> <div> Nepal and Sri Lanka concluded bilateral trade agreement on 3 April 1979. Despite this agreement, trade between the two countries is not up to the desired level due to, among other things, higher cost of transportation, lack of conducive environment for business, lack of interests on the part of business people etc.</div> <div> </div> <div> <strong><span style="font-size: 16px;">Nepal’s Trade with Sri Lanka</span></strong></div> <div> Sri Lankas’ major exports to Nepal are cocoa and cocoa preparations, coffee, tea, spices, electrical machinery and equipment, parts of sound recorders and reproducers, television, cereal preparations, flour, starch or milk pastry cooking products, sugar and sugar confectionery, miscellaneous edible preparations, apparel articles and clothing accessories- knitted or crocheted , edible vegetables, certain roots and tubers and so on.</div> <div> </div> <div> Sri Lanka’s major imports from Nepal are grains (lentils). Other import items, though insignificant, are plastic articles, articles of wood charcoal , carpets and other floor coverings, art work, collectors' pieces and antiques, electrical machinery and equipment and parts of sound recorders and reproducers, television, printed books, newspapers, pictures and products related to the printing industry, manuscripts, raw hides, skins (other than fur skins), leather and so on.</div> <div> </div> <div> The trade figure for the past four years between Nepal and Sri Lanka has been as follows:</div> <div> </div> <div> <img alt="Nepal’s Trade with Sri Lanka" src="/userfiles/images/br1%20(Copy)(7).jpg" style="width: 550px; height: 408px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Tourists from Sri Lanka</strong></span></div> <div> Lumbini is one of the holiest destinations to the Sri Lankan Buddhists. Sri Lankan government has been reiterating its support to Nepal’s efforts to further develop Lumbini as a City of World Peace. Sri Lanka has constructed rest house for Sri Lankan Buddhist pilgrims and a Monastery Complex in Lumbini. </div> <div> </div> <div> <img alt="Tourist Arrival to Nepal from Sri Lanka" src="/userfiles/images/br2%20(Copy)(4).jpg" style="width: 550px; height: 413px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Air Services Agreement </strong></span></div> <div> With the aim to increase tourists flow from either country through direct air connectivity between Kathmandu and Colombo, Nepal and Sri Lanka had signed an Air Services Agreement (ASA) on 19 February 1977. On 23 November 2004, a new Memorandum of Understanding (MOU) was signed by both nations in Colombo for reviewing and replacing the previous agreement. The Air Service Agreement and additional MOU on increasing the air seats and providing fifth freedom rights to Sri Lankan airlines was agreed at the negotiations held during 22-24 January 2009, in Kathmandu. </div> <div> </div> <div> <img alt="TidBits" src="/userfiles/images/br3%20(Copy)(4).jpg" style="width: 550px; height: 342px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Joint Venture </strong></span></div> <div> In the 1990’s the Sri Lankan Bank of Ceylon opened a joint venture bank in Nepal. However the Sri Lankan bank withdrew later due to what they call as unfavourable circumstances. Presently some commercial banks operate between the two countries. Commercial Bank of Ceylon, Sri Lanka and some of Nepal’s private sector bank have close links. In October, 2013 delegation of Commercial Bank of Ceylon, Sri Lanka visited Nepal. Nepal Sri Lanka Chamber of Commerce has been established for easing joint ventures and trade between both nations. Nepali investors have invested over $ 200 million in Sri Lanka’s hotel and leisure sector like the Hotel Taj Samundra and Grand Oriental Hotel. Binod Chaudhary of Chaudhary Group is planning to invest US $ 100m for setting up cement plant and some leisure projects in coastal area of Sri Lanka. </div> <div> </div> <div> <span style="font-size: 16px;"><strong>Joint Economic Commission</strong></span></div> <div> Nepal and Sri Lanka has signed an Agreement on March 2-4, 2009 to establish Joint Economic Commission to be led by the Foreign Ministers of both countries. The agreement contains provisions for cooperation in areas of trade, finance, agriculture, industry, development of infrastructure, science and technology, investment and other matters mutually agreed upon. The first meeting of JEC is to be held in Colombo.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Exchange of Visits</strong></span></div> <div> Exchange of high-level visits from both sides at various levels has contributed in elevating existing bilateral relations to new heights and have proved highly productive for creating an conducive atmosphere for upgrading mutual trade and commercial relations.</div> <div> </div> <div> <img alt="Highlights of Nepal- Sri Lanka Relation" src="/userfiles/images/br4%20(Copy)(1).jpg" style="width: 550px; height: 565px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div style="text-align: center;"> <hr /> <p> <strong style="font-size: 18px;">“We are entering into tourism cooperation with Nepal”</strong></p> </div> <div> <div> </div> <div> <table align="right" style="margin: 0px 0px 0px 10px;" width="25"> <tbody> <tr> <td> <img alt="W.M. Senevirathna, Ambassador of Sri Lanka to Nepal" src="/userfiles/images/br1a1%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 233px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>W.M. Senevirathna</strong></div> <div> <em>Ambassador of Sri Lanka to Nepal</em></div> </div> </td> </tr> </tbody> </table> <div> <span style="font-size: 14px;"><strong>How is your experience in diplomatic career? </strong></span></div> <div> I have come to serve in Nepal, one of the world’s beautiful landmass filled with hospitable and friendly people. Sri Lanka and Nepal both have lot of similarities like culture, religion, food, friendliness and hospitability. I joined government service first as a graduate teacher in 1979 in Vidumina Piriven College, Kandy and joined the Sri Lanka Foreign Service as an Assistant Director at the Ministry of Foreign Affairs, Colombo in 1985. Since then, I have worked in ten Sri Lankan diplomatic missions including West Germany, Pakistan, Malaysia, Lebanon, USA, Canada, and Iraq. I have served as Sri Lankan ambassador to the Philippines, Israel and Nepal. </div> <div> </div> <div> Apart from this I have worked at the Ministry of External Affairs of Sri Lanka for a short period. I was the Vice Chairman (2006) and Chairman (2007) of the Governing Board of the Colombo Plan Staff College for Technician Education (CPSC) in Manila. I have represented Sri Lanka in various regional and international conferences such as South Asian Association for Regional Conferences [SAARC], World Bank, International Natural Rubber Organization [INRO] and Asian Regional Forum [ARF]. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>You have been in Nepal for nearly a year now. How are your impressions? </strong></span></div> <div> During this time I have met and interacted with Nepal’s senior government officials, politicians, diplomats, and businessmen and exchanged views at various levels. Within this one-year tenure, many high level delegations from Sri Lanka have visited Nepal, especially Lumbini. </div> <div> </div> <div> Nepal is such a beautiful country filled with lots of historical sites, mountains, and other natural resources. During my stay here, I have travelled to different parts of this country; Pokhara, Lumbini, Chitwan. I have trekked from Nagarkot to Dhulikhel and done rafting in Trishuli and Dolalghat. I have visited Chitlang and had an opportunity to interact with the friendly people of the village. I have also visited historical places such as Bhaktapur, Durbar Square that have masterpieces of skilful architecture, sculptures, and well-preserved ancient monuments that represent the living cultural heritage of Nepal. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>How do you evaluate the last elections and where do you see the country heading to next? How will the polls and the outcome affect regional peace and stability and Nepal’s relations with Sri Lanka?</strong></span></div> <div> The Constituent Assembly election held on 19th November 2013 was a new step towards the development of the country. The election was conducted in a very peaceful environment and was appreciated by local and foreign observers. Asian Network for Free Elections [ANFREL], Carter Foundations and other observers from different countries took part. The Nepali government had invited SAARC observers to visit and observe the election. Two delegations from the Sri Lankan Election Commission had observed the election. Out of the total 12.1 million population, 9.4 million people casted votes. It is a turnout of 78%, which is very high. As the election was a success, the constitution of Nepal can be finalized.</div> <div> </div> <div> As a representative of the Sri Lankan Government, we respect Nepali people’s mandate. Political stability will enhance peace and socio economic development of a country. Nepal Stock market Index NEPSE passed 700 points after the election. This reflected investors confidence in the government.</div> <div> </div> <div> Benefits of the election include inflow of Foreign Direct Investments [FDI] and representation in regional and international conferences, such as hosting the SAARC Summit in the coming year.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Despite signing bilateral trade agreement in 1979, business between the two nations is quite low, less than 2 billion NRs in the last financial year [exports and imports together]. Why still insignificant?</strong></span></div> <div> Trade between the two countries has remained at a low level. The Sri Lankan and the Nepali government have taken important steps in the economic and tourist sectors with an aim to increase the volume of bilateral trade, investment and tourism. Various issues have limited bilateral trade between both countries. Limitations include the high cost of transportation and lack of direct air connectivity. These limitations have limited the volume of import and export. Both countries produce and export the same crops and commodities. However, Sri Lanka imports carpets, woollen clothes and lentils from Nepal and exports cocoa, cocoa preparations, table and kitchenware, tea, gem and jewellery to Nepal</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What specific measures do you suggest for enhancing the business relations and total value and volume of business between the two nations?</strong></span></div> <div> The total value and volume of trade between the two nations is not satisfactory due to the various reasons. Primarily we would like to have direct air connectivity and an exchange of business delegations to attend trade fairs. Recommending each other to attend trade fairs business forums in each other’s capital will help to interact and promote business.</div> <div> </div> <div> I am pleased to announce that the Chaudhary Group, Nimbus, Youth Entrepreneurs, and Sagarmatha Insurance have already taken steps in this regard. They have visited Sri Lanka and taken part in business forums to extend their business. Similarly, various Sri Lankan companies are taking part in Nepali trade fairs to expand their business here.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Arrival of Sri Lankan tourists to Nepal, especially to Lumbini, has crossed 75,000 a year. What trends and numbers you expect in near future? How can Nepal tourism be promoted in Sri Lanka?</strong></span></div> <div> As you are perhaps aware, 70% of the Sri Lankan population is Buddhists. Being Buddhist, they would like to see the birthplace of Prince Siddhartha, “Gautam Buddha” with the excavation at the Mayadevi Temple, Lumbini. Sri Lankan visitors are keen to visit Lumbini, Nepal and want to experience the beauty Nepal offers.</div> <div> </div> <div> We are in a process to enter into tourism cooperation agreement with the Nepali government so that it will be easy for Sri Lankan tourist to visit Lumbini.</div> <div> </div> <div> Through tailored tour packages to Lumbini and historical Buddhist places, Nepal can attract Sri Lankan and other nation tourists. More than 5000 Sri Lankan tourist visit to Kathmandu by air and I would like to inform that Sri Lanka Tourist are the number one travellers to Lumbini. If tour packages and facilities are provided, we hope to see the numbers exceed 1000,000.</div> <div> </div> <div> The Sri Lankan Embassy in Nepal with support of Sri Lanka Tourism Promotion Bureau is arranging a familiarization tour to Sri Lanka for Nepal Tour Operator Association in 2014. I think Nepal should prepare some awareness programme, for example tour packages and other facility to attract Sri Lanka tourists.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What are the initiatives taken by Sri Lanka to upgrade tourism and facilities in Lumbini?</strong></span></div> <div> Sri Lanka and Nepal signed the Agreement on Cultural Cooperation in 1999,to expand their cultural relationship further. Sri Lanka has agreed to assist Nepal in heritage management and proposed to establish a course on Culture and Heritage Studies at a university in Nepal.</div> <div> </div> <div> Support has been extended for Nepali students to study Therawada Buddhismin Sri Lanka. Sri Lanka re-establishment of Therawada Buddhism in Nepal. In 1992 a pilgrims resting place, “Dutugemunu Pilgrim Rest,” was established for in Lumbini for the Sri Lankan devotees. This wasrenovated in 2012 to accommodate over 135 visitors. A bridge close to Lanka Ramaya temple at gate no. 4 of the Maya Devi Temple was constructed to making it easy for visiting the temple. Adding to, the road near the Sri Lankan Temple, which is shortest access to Mayadevi Temple, was widened. The Sri Lankan Government spent SLRS 90 million on all these projects to facilitate Sri Lankan tourists visit to Lumbini.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>There has been an air service agreement between the two nations for more than 25 years, which was upgraded recently as well. What is its status and what are the benefits of having fifth freedom rights for Sri Lankan airlines?</strong></span></div> <div> Bilateral Air Service Agreement was signed during H.E. the President’s last visit to Nepal in March 2009. Lack of direct air connectivity between the two countries is one of the major barriers in promoting trade.</div> <div> </div> <div> Code Sharing Basis will facilitate both Sri Lankan and Nepali airlines, to travel to each other’s countries. The fifth freedom right will enable Sri Lankan airlines to get passengers of other destination as well. Sri Lankan government would like to commence air connectivity in the near future and discussions in this regard are being held.</div> <div> </div> <div> Joint Economic Commission between the two nations was formed a few years earlier. What roadmap and outcome you see of the same in the next two years?</div> <div> We signed the MOU on Nepal – Sri Lanka Joint Commission in March 2009. Both countries have agreed to hold the first Joint Economic Commission meeting in Sri Lanka. We hope to conduct annual Joint Economic Commissions meet in each other’s capital.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Sri Lanka has a small population, history of civil war, and difficulties in its relations with neighbours, much like Nepal. What suggestions you have for the building of new Nepal, in light of the Sri Lankan nation-building and development experience? </strong></span></div> <div> Sri Lanka’s population is 21 million. There was no civil war in Sri Lanka but a terrorist war. Beginning on 23 July 1983, there was an insurgency against the government forces by the Liberation Tigers of Tamil Eelam [LTTE] which fought to create a separate and independent Tamil state called Tamil Eelam . 12% of the population demanded 2/3 of Coastal area and 1/3 of the total Area of the country. Government’s main policy was ‘One Country and One Nation’. After a 30 year military campaign, the Sri Lankan military defeated the Tamil Tigers in May 2009, ending the terrorist war. </div> <div> </div> <div> For over 30 years, this terrorist war caused significant hardships for the population, environment and the economy of the country. An estimated 40,000 people were killed during the war but Sri Lanka was able to sustain over 6% economic growth rate.</div> <div> </div> <div> During the conflict period, the Sri Lanka government was able to attract Foreign Direct Investment that prioritized infrastructure development. For nation building, President of Sri Lanka requested all political parties to join hands with the government to overcome national problems. This succeeded in 2009. All political parties supported the government for boosting national economy by forgetting their political differences. As a result, Sri Lanka has positive indicators. </div> <div> </div> <div> I wish the newly elected member of the Constituent Assembly of Nepal could get together and join hands for the formation of a stable government and serve the people of this beautiful country.</div> </div> </div> <p> </p>', 'published' => true, 'created' => '2014-02-20', 'modified' => '2014-02-20', 'keywords' => 'new business age bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal, current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events, o', 'description' => 'Diplomatic relations between Nepal and the Democratic Socialist Republic of Sri Lanka established 57 years ago on 1st of July, 1957. Both the Countries are bound by warm and friendly economic, cultural and political relations.', 'sortorder' => '2483', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '2541', 'article_category_id' => '79', 'title' => 'Thai-Nepal Relationship To Promote Prosperity Mutually', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> </div> <div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <div> <img alt="Thailand" src="/userfiles/images/br4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 408px;" />Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.</div> <div> </div> <div> Nepal and Thailand have been bound by similarity of culture and shared values. There is very good friendship, goodwill and understanding between the two countries.</div> <div> </div> <div> Since the establishment of diplomatic relations, in addition to other cooperation between Nepal and Thailand, Thailand has been providing a number of short-term and long-term scholarships for Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under the Technical Cooperation scheme among Developing Countries through Thailand International Cooperation Agency (TICA) and other cooperation schemes.</div> <div> </div> <div> In order to foster economic cooperation between the two countries, a Joint Working Group at the level of Foreign Secretaries was established for the first time in 1984. The first meeting of the Joint Working Group was held in Kathmandu in 1986. The Joint Working Group was upgraded to Joint Commission in 1990 at the Foreign Secretary level. The Joint Commission has been coordinating cooperative relations between the two countries. The first meeting of the Joint Commission took place in 1990 in Thailand and the Second one in Kathmandu in 1996. A meeting of the Joint Commission is held regularly as scheduled by both countries. Joint Commission focuses on exploring the possibilities to further expand bilateral cooperation in the areas of trade, foreign investment, Tourism, civil aviation, and culture.</div> <div> </div> <div> Since the establishment of Nepal Thailand diplomatic relations, the overall relations between two countries have always been excellent, and based on mutual trust, respect and understanding. They have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div> <div> </div> <div> <img alt="About Thailand" src="/userfiles/images/br2%20(Copy)(3).jpg" style="width: 550px; height: 462px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 14px;"><strong>Thai Cooperation in Lumbini</strong></span></div> <div> Thai people and Government have tremendous goodwill towards Lumbini, the birthplace of Lord Buddha. The Thai Government has built a Temple of Thai style in Lumbini. The Royal Thai Monastery is located in the vicinity of the birthplace of Lord Buddha at the Lumbini Sacred Garden. The construction has been funded by the Royal Thai Government and the devoted Thai Buddhists followers. The project was initiated to honour the celebration of commemorating the 50th Anniversary of His Majesty King Bhumibol Adulyadej’s accession to the Throne.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Exchange of Visits</strong></span></div> <div> Exchange of visits at high level has played important role in developing mutual understanding between Nepal and Thailand. Contacts at various levels have provided opportunity to exchange views on a range of issues of mutual interest, both bilateral and international. Besides, they have enhanced the prospects for broader political and economic relations.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Bilateral Trade, Tourism and Investment</strong></span></div> <div> Thailand’s experience basically in the field of agriculture, small and medium enterprises and Tourism can be beneficial to Nepal. Nepal Chambers of Commerce and Thai Chambers of Commerce signed a Memorandum of Understanding on May 20, 2004 in Bangkok for promoting bilateral trade and commerce. Thai investment has been realized in manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has become an important tourist market for Nepal in the recent years. A number of Thai people visit Nepal every year, particularly to pay pilgrimage to Lumbini. Many of them also make a tour in other parts to enjoy the scenic and natural beauty of Nepal. There are direct and regular flights operated by both Nepali and Thai airlines linking capitals of Nepal and Thailand, which greatly promote trade and Tourism between the two countries. </div> <div> </div> <div> <img alt="Bilateral Trade" src="/userfiles/images/br%20(Copy)(4).jpg" style="width: 550px; height: 82px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 14px;"><strong>Nepal - Thailand Economic and Technical Cooperation</strong></span></div> <div> Thailand is providing a number of short term and long term scholarships to Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under Colombo Plan and Technical Cooperation scheme among Developing Countries through Thailand International Development Cooperation Agency (TICA).</div> <div> </div> <div> Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas as public health, agriculture, education, tourism and rural development.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Religious and Cultural Cooperation</strong></span></div> <div> Religious and cultural cooperation is also the major aspect of the long standing relationship between Nepal and Thailand. Ninety per cent of Thai people are Buddhist while Nepal is the birthplace of Lord Buddha. Over 50, 000 Thai pilgrims visit Lumbini, the birthplace of Buddha, every year. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>Trade </strong></span></div> <div> Trade relation between Nepal and Thailand is heavily in favour of Thailand. Nepal imports electrical goods, construction materials, clothing, transport and telecommunication goods from Thailand and exports to Thailand consist of handicrafts, woollen carpets and Nepalese paper products. In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years. </div> <div> </div> <div> Nepal’s exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.</div> <div> </div> <div> Nepal can take benefit from Thailand’s experience basically in the field of agriculture, small and medium enterprises and tourism. </div> <div> </div> <div> <span style="font-size: 14px;"><strong><img alt="Tourism" src="/userfiles/images/br1%20(Copy)(6).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 80px;" />Tourism</strong></span></div> <div> About 94% of Thai population is Buddhist. Thousands of Thai people visit Nepal every year for religious purpose and also enjoy natural beauty of Nepal. Thailand has become an important tourist market for Nepal in the recent years. The figure of Thai tourist visiting to Nepal for last four years is as follows:</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Investment</strong></span></div> <div> Thai investment has been realized in the sectors of manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has invested Rs.116.29 Million in 11 different industries creating 1159 jobs for Nepali people. </div> <div> </div> <div> <img alt="Investment" src="/userfiles/images/br3%20(Copy)(3).jpg" style="width: 550px; height: 72px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> </div> <div style="text-align: center;"> <span style="font-size:18px;"><strong>“Nepal is a true friend of Thailand”</strong></span></div> <div> </div> <table align="right" style="margin: 0px 0px 0px 10px;" width="25"> <tbody> <tr> <td> <img alt="Kanthong Unakul, Thai Ambassador to Nepal" src="/userfiles/images/br5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 234px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>Kanthong Unakul</strong></div> <div> Thai Ambassador to Nepal</div> </div> </td> </tr> </tbody> </table> <p> <span style="font-size: 14px;"><strong>Nepal and Thailand have been in diplomatic relations for last fifty-four years, even Ambassadorial presence from 1980. What factors are contributing to this cordial ties between our nations?</strong></span></p> <div> Since assuming the position of Ambassador of Thailand to Nepal for one and half year, I have received many chance to meet many Nepalese counterparts from government, business societies, academics and media. I have found that Nepal is a true friend of Thailand. We are quite similar in terms of culture and religion. We are delighted to work here in Nepal and plan to work closely with Nepali counterparts on various mutually beneficial projects.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What are the salient features of government-to-government relation between Thailand and Nepal in the last two years?</strong></span></div> <div> Our ongoing plans to further support Thailand and Nepal bilateral relationship are the development of the cremation center in Janakpur and construction of the general hospital in Lumbini. When these matters will materialize, they will be another testimony of our strong and bonded relationship. I would like to reaffirm our strong and bonded relationship.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>With Thai cuisine popular in Kathmandu and tourism on both sides being actively participated by the people, what are the main areas of people-to-people relation between Thailand and Nepal?</strong></span></div> <div> We are planning to demonstrate Thai cooking class. This year I would also would like to conduct Thai cooking classes in hotels and other tourist destination to make the Nepali people familiar with real Thai food. This will be helpful for Nepal’s hospitality industry also along with familiarizing Thai cuisines among Nepalis and subsequently increase imports of Thai products from Thailand too. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>There are several areas where Thai-Nepal business collaborations have happened in the past. How active and successful has been the Nepal Thai Chamber of Commerce and Industries?</strong></span></div> <div> We cooperate closely with Nepal Thai Chamber of Commerce and Industries (NTCCI). Next month we are going on a trip to Thailand in my leadership. We will go to see some projects like “One Village One Product”. Along with that the NTCCI group will be visiting Thailand to hold discussions on some projects with their Thai counterparts.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Do you have any ongoing or upcoming projects that specifically focus on Lumbini’s development and in promoting the Buddhist Heritage in Nepal? </strong></span></div> <div> Lumbini does have Lumbini Development Trust so it is a little bit difficult for Thai government to come to help in developing Lumbini. But we have already done some projects in Lumbini. Thai people have donated large sum of money to renovate and develop Maya Devi Temple and its surrounding area. Furthermore, support also has been extended to various Buddhist organizations in Nepal on projects related to Buddhism. These activities are the testimony of strong cultural and religious link between Thailand and Nepal. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>Can you throw some light on global positioning, foreign policy and South-East Asian relations of Thailand?</strong></span></div> <div> Thailand’s foreign policy places priority on the country’s partnership with its immediate neighbours, the Association of Southeast Asian Nations (ASEAN) and the Asian region as a whole. While recognizing the importance of strengthening its ties with existing partners, Thailand continues to deepen and broaden its partnership with countries in other part of the world including Africa, the USA, Europe, Middle East and South Asia. Thailand is now pushing for the integration of the AEAN Community by 2015.</div> <div> </div> <div> Under the “Prosper thy Neighbour” policy, Thailand has continued to assist its neighbours in economic development, which is essential for the realization of ASEAN community. </div> <div> </div> <div> Moreover, Thailand encourages people-to-people contacts with foreign countries and plays a creative role in promoting their national interest in international organizations, especially at the United Nations and regional organizations in order to preserve peace and security, promote democratic process, human rights, humanitarianism, environment and sustainable development, as well as cooperation to address all transnational issues that affect human security.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>How can Nepal benefit from Thailand’s business market? Are there any plans for extending cooperation between both nations further?</strong></span></div> <div> Since the establishment of Thailand-Nepal diplomatic relations, the overall relations between two countries have always been excellent, based on mutual trust, respect and understanding. We have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div> <div> </div> <div> Thailand has become a preferred destination in Asia for tourism, medical services and higher education. We enjoy a strategic location that provides easy access to a longer market of nearly 600 million people, which is expected to gain even more strength when the ASEAN vision of one community materializes in 2015. </div> <div> </div> <div> The ASEAN Economic Community of AEC will create a single market and production base with the population over 600 million of people. It will create new challenges and opportunities for Nepali private sector who are now doing business in Thailand and for those who plan to do business in Thailand in near future. </div> <div> </div> <div> Similarly, Thailand is now promoting MICE (Meetings, Incentives, Conventions and Exhibition) in the country with the aim to invite foreign business group to conduct MICE activities in Thailand and choose it as a preferred destination for such activities. The Thai government is also ready to render its full support to increase the economic cooperation with Nepal.</div> <div> </div> <div> On technical cooperation, Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas such as public health, agriculture, education, tourism and rural development.</div> <div> </div> <div> Moreover, we also extend our support in humanitarian and people to people projects such as free eye screening and cataract surgery for the needy Nepali since 2010 by cooperating with the Royal Thai Monastery in Lumbini and Youth Eye Service, a Nepali charitable organization as well as donation to various Nepali social organizations.</div>', 'published' => true, 'created' => '2014-01-28', 'modified' => '2014-02-08', 'keywords' => 'new business age bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal, current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events, o', 'description' => 'Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.', 'sortorder' => '2385', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1067', 'article_category_id' => '79', 'title' => 'Moroccan Promise', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> <strong>By Sushila Budhathoki</strong></p> <p> With the main trade partners mostly in Europe, Morocco is spreading its business all over the world as the late king of Morocco, Hassan II once said, “Morocco is like a tree, which has its roots in Africa and its branches in Europe.” As a trader, exporter of manufactured and agricultural products and a tourism destination, Morocco has turned out to be an emerging economy of North Africa. </p> <p> Morocco, a constitutional monarchy with an elected parliament, shares common interest in the AMU (Arab Maghreb Union), a regional grouping of five North African countries namely Algeria, Libya, Mauritania, Morocco and Tunisia. According to Maghreb Markets, a magazine by Afro Asian Business Chronicle, the country is opting for greater economic integration into the world economy and contributing to the consolidation of the multilateral trading system. For this, it has adopted a policy of economic and financial openness, aiming at strengthening the liberalization of foreign trade since the early 1990s. France has been the main import and export partner of Moroccan trade (22.5%) followed by other partners Spain (16.9%), India (6.1%), Italy (4.5%) and United States (1.3%). Morocco has free trade agreements to a market of 55 countries that represent more than one billion consumers and 60% of world GDP. </p> <p> Morocco has strong and stable macroeconomic performances. Agriculture, phosphates and tourism are the major resources of the Moroccan economy followed by industry, mining and sales of fish and seafood. The Moroccan agriculture sector which contributes 19% of the GDP also employs more than 4 million rural inhabitants creating approximately 100,000 jobs in the agro- industry sector. The country is the largest recipient of foreign investment in North Africa and is looking for expansion in ties to include more joint ventures from all around the world. According to the United Nations Conference on Trade and Development (UNCTAD), it received USD 18 billion FDI between 2000 and 2009 mainly in fertilizer and minerals. The industry, solar energy, wind energy, agriculture, fishing industry, retail and information communication and technology are the major sectors open for investment in Morocco. </p> <p> <strong>Nepal- Morocco Friendship</strong></p> <p> There has been very little progress in promoting economy, trade, culture and fewer efforts in enhancing people to people relations between Morocco and Nepal despite setting up diplomatic ties in 1975. The recent visit by Larbi Reffouh, Moroccan Ambassador to Nepal (who resides in New Delhi) to present the letter of credential to the President of Nepal on first May is expected to enhance friendship ties with Nepal. Larbi is also the Ambassador to the Bhutan, and according to him, his posting in India is a choice posting. According to Moroccan Consulate office in Nepal, Larbi, during his visit proposed for short-term as well as long-term trainings to the government officials without any financial obligations to the government of Nepal and allocation of scholarship quota for at least 15 graduate level technical educations in the field of Engineering, Medicines etc. Furthermore, he also officially requested the Chairman of Council of Ministers and the Minister of Foreign Affairs Nepal to visit the Kingdom of Morocco at their convenient times. </p> <p> <img alt="Facts and figures about Morocco" height="418" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_facts_and_figures.jpg" style="float:right; margin:0 0 0 10px;" width="371" />Similarly, a high level Nepali business delegation is planning to visit Morocco to explore the possibilities of trade and business between these two countries. After the return of Nepali business delegation from Morocco, Moroccan business delegation is planned to be in Nepal for the same purpose. A socio-cultural delegation is also planning to visit the Kingdom of Morocco to boost cultural relations and people to people relations between Nepal and the Kingdom of Morocco. The ambassador also expressed Morocco’s interest to supply fertilizers to Nepal. The Kingdom is the second largest producer and the largest exporter of fertilizers in the world.</p> <p> Both Nepal and Morocco are member of UN and partners of non-aligned campaign. Santosh Kumar Tiberawala was appointed as consul of the Kingdom of Morocco to Nepal on November 27, 2000. Basant K. Chaudhary, Managing Director of Chaudhary Group was appointed as consul on Norvember 26, 2007 and was promoted to Consul General in May, 2013. The Nepali Embassy in Cairo oversees the diplomatic relations of Nepal with Morocco. </p> <p> Nepal’s trade with Morocco has been limited as investors from both of the countries have less interaction in high level. The data from Nepal Trade and Export Promotion Centre (TEPC) shows decrease in the trade between the two countries. According to the data provided by TEPC, only 161 pieces of works of art, collector’s pieces and antiques worth Rs 257,690 were exported to Morocco between January 2012 and January 2013. The earlier export included products like dying extracts, dyes, pigments and other coloring matter, paints and varnishes, inks and carpets and other textile floor coverings among few others. Similarly, Nepal mainly imported fertilizers and rubber from Morocco before 2012. There is no import from Morocco between January 2012 and January 2013. </p> <p> <img alt="Nepal-Morocco Trade" height="198" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_nepal_morocco_trade.jpg" width="580" /></p> <p> Moroccans are not among the regular tourist groups who come to Nepal for celebrating their vacation. According to Department of Immigration, Nepal, hardly 171 tourists were from Morocco who visited Nepal in 2012. On the other hand, Morocco, with 70 new tourist destinations, is becoming a growing tourism destination in the world. According to Maghreb Markets, around 9.3 million tourists visited Morocco in 2010. </p> <hr /> <p> </p> <p> <strong>‘There is an untapped potential to strengthen our economic and trade ties’</strong></p> <p> <strong><img alt="H. E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India and Nepal" height="400" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_ambassador_larbi_reffouh.jpg" style="float:left; margin:0 10px 0 0;" width="250" />How do you see the significance of your visit to Nepal?</strong></p> <p> The purpose of this visit is to present my credentials to His Excellency Dr Ram Baran Yadav, the President of the Republic of Nepal, as Ambassador extraordinary and plenipotentiary of the Kingdom of Morocco to Nepal, with a residence in New Delhi. </p> <p> This visit also was a good opportunity to hold several meetings with the Prime Minister, some members of the Government and senior officials from the Ministry of Foreign Affairs, in order to discuss a gamut of bilateral and international issues of mutual interest. All the contacts and interactions I have had during my visit are very positive and promising about the future of relations between Morocco and Nepal. </p> <p> <strong>What are the possibilities for economic and trade cooperation between Nepal and Morocco?</strong></p> <p> The diplomatic relations between Morocco and Nepal were established in 1975. Both countries have always enjoyed cordial, friendly and excellent political relations. This could be reflected by our work together and our coordinated efforts and positions on several international issues, either within or outside the United Nations. </p> <p> Our bilateral trade record remains below our common ambitions and expectations. There is for sure an untapped potential to strengthen our economic and trade ties. In this regard, both governments are currently considering the signing of a Memorandum of Understanding between the Ministries of Foreign Affairs, which will be a cornerstone for the creation of a global legal framework to conceive and promote different “win-win” partnerships and projects in order to take our relationship to the next level, especially in the economic field. </p> <p> <strong>Can you please tell us the major sectors for cooperation between the two countries?</strong></p> <p> I believe we should target and focus on some key economic sectors. For instance, we have developed in Morocco a modern, competitive and export-oriented agriculture. Since we do really have an internationally recognized expertise and know how in this field, we are ready to share this experience with our Nepali friends, particularly in terms of modern irrigation techniques and human resource development. </p> <p> With regards to tourism, we have realized significant achievements over the last few years as Morocco has succeeded in positioning itself one of the world’s fast-growing tourism destinations, attracting over 12 million tourists a year. This achievement can be simply attributed to an ambitious strategy, dubbed “Vision 2020”, through developing state-of-the-art tourism-related infrastructure, including building new hotels and resorts, as well as investing in training human capital. Thus, we can look at the existing potential for initiating specific cooperation in this sector.</p> <p> Another sector that could be central for our future cooperation is higher education. Just to give you an idea, Morocco provide annually more than 1600 scholarships in favor of foreign students. Today, we have over 7000 students from over 48 countries to study in our universities and higher institutes. So, we will seriously consider the possibility of providing scholarships for Nepalese students to pursue their studies in Moroccan universities. I personally believe that if we succeed on this particular front, it will inevitably contribute to further promotion of people-to-people contacts.</p> <p> <strong>What should Nepali government do to attract investment from Morocco?</strong></p> <p> I would like to emphasize that Moroccan investors are present overseas, primarily in Africa in areas such as banking, telecoms, housing and infrastructure. I can assure you that this economic presence is expanding and deepening thanks to the various opportunities existing in African countries and indeed to the capital and expertise offered by Moroccan companies. Since investors are guided by profit and better business environment, the Moroccan private sector is open and ready to explore other horizons and seek new opportunities, even here in Nepal. But this is the main responsibility of your government and business community, by engaging in some promotional and marketing activities, in order to attract Moroccan investments to Nepal, probably by looking at the possibility of establishing “joint-ventures” in specific sectors, like agriculture and tourism.</p> <p> <strong>Agriculture is one of the important contributors in Moroccan economy. How can Nepal get benefit from Morocco?</strong></p> <p> Morocco is ready to share its expertise with Nepal in the field of agriculture and irrigation. Morocco initiated in 2008 a revolutionary program by investing, with the involvement of the private sector, in the modernization and development of our agriculture, and in promoting its international competitiveness. The adoption of this policy stems from the fact that agriculture is the major employer of our workforce, especially in rural areas, and it is one of main contributors to our GDP. We are now starting to reap the fruits of this ambitious strategy, either in terms of increasing output and improving global competitiveness. Having said that, we are ready to share the expertise we have developed so far in this sector with Nepal. We can offer training programs in favor of Nepali students in specific areas, such as irrigation techniques, agribusiness and veterinary. </p> <p> <strong>Can you please describe us the prospect of export-import business between two countries?</strong></p> <p> We do export so many things, from agricultural products to industrial items and very recently we have started exporting cars to the regional markets. In fact, we are one of the leading exporters of phosphate in the world. And nobody can ignore the importance of this commodity as an essential component for agricultural development and food security. As an example, we are a major exporter of phosphate and fertilizers to your immediate neighbour. I think it’s time to see if we can do the same with Nepal, to participate concretely with your country in its efforts for the development of your agricultural sector and achieving your food security.</p>', 'published' => true, 'created' => '2013-06-07', 'modified' => '2013-07-15', 'keywords' => 'H. E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India and Nepal, Bilateral Relations, New Business Age', 'description' => 'Morocco has adopted a policy of economic and financial openness, aiming at strengthening the liberalization of foreign trade since the early 1990s.', 'sortorder' => '938', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falseinclude - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Relations between the two countries are marked by goodwill, mutual understanding and cooperation. </div> <div> </div> <div> Nepal opened an Honorary Consulate General in Colombo in 1975 and established its embassy in 1995. Sri Lanka has a residential embassy in Kathmandu since 1993. Nepal and Sri Lanka are the founder members of the South Asian Association for Regional Cooperation (SAARC) and are also the members of another regional organization called Bay of Bengal Initiatives for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Both countries share similar views on many international issues and work closely in various international forums such as the UN, NAM, WTO, etc.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Trade and Commercial Relations</strong></span></div> <div> Nepal and Sri Lanka concluded bilateral trade agreement on 3 April 1979. Despite this agreement, trade between the two countries is not up to the desired level due to, among other things, higher cost of transportation, lack of conducive environment for business, lack of interests on the part of business people etc.</div> <div> </div> <div> <strong><span style="font-size: 16px;">Nepal’s Trade with Sri Lanka</span></strong></div> <div> Sri Lankas’ major exports to Nepal are cocoa and cocoa preparations, coffee, tea, spices, electrical machinery and equipment, parts of sound recorders and reproducers, television, cereal preparations, flour, starch or milk pastry cooking products, sugar and sugar confectionery, miscellaneous edible preparations, apparel articles and clothing accessories- knitted or crocheted , edible vegetables, certain roots and tubers and so on.</div> <div> </div> <div> Sri Lanka’s major imports from Nepal are grains (lentils). Other import items, though insignificant, are plastic articles, articles of wood charcoal , carpets and other floor coverings, art work, collectors' pieces and antiques, electrical machinery and equipment and parts of sound recorders and reproducers, television, printed books, newspapers, pictures and products related to the printing industry, manuscripts, raw hides, skins (other than fur skins), leather and so on.</div> <div> </div> <div> The trade figure for the past four years between Nepal and Sri Lanka has been as follows:</div> <div> </div> <div> <img alt="Nepal’s Trade with Sri Lanka" src="/userfiles/images/br1%20(Copy)(7).jpg" style="width: 550px; height: 408px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Tourists from Sri Lanka</strong></span></div> <div> Lumbini is one of the holiest destinations to the Sri Lankan Buddhists. Sri Lankan government has been reiterating its support to Nepal’s efforts to further develop Lumbini as a City of World Peace. Sri Lanka has constructed rest house for Sri Lankan Buddhist pilgrims and a Monastery Complex in Lumbini. </div> <div> </div> <div> <img alt="Tourist Arrival to Nepal from Sri Lanka" src="/userfiles/images/br2%20(Copy)(4).jpg" style="width: 550px; height: 413px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Air Services Agreement </strong></span></div> <div> With the aim to increase tourists flow from either country through direct air connectivity between Kathmandu and Colombo, Nepal and Sri Lanka had signed an Air Services Agreement (ASA) on 19 February 1977. On 23 November 2004, a new Memorandum of Understanding (MOU) was signed by both nations in Colombo for reviewing and replacing the previous agreement. The Air Service Agreement and additional MOU on increasing the air seats and providing fifth freedom rights to Sri Lankan airlines was agreed at the negotiations held during 22-24 January 2009, in Kathmandu. </div> <div> </div> <div> <img alt="TidBits" src="/userfiles/images/br3%20(Copy)(4).jpg" style="width: 550px; height: 342px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Joint Venture </strong></span></div> <div> In the 1990’s the Sri Lankan Bank of Ceylon opened a joint venture bank in Nepal. However the Sri Lankan bank withdrew later due to what they call as unfavourable circumstances. Presently some commercial banks operate between the two countries. Commercial Bank of Ceylon, Sri Lanka and some of Nepal’s private sector bank have close links. In October, 2013 delegation of Commercial Bank of Ceylon, Sri Lanka visited Nepal. Nepal Sri Lanka Chamber of Commerce has been established for easing joint ventures and trade between both nations. Nepali investors have invested over $ 200 million in Sri Lanka’s hotel and leisure sector like the Hotel Taj Samundra and Grand Oriental Hotel. Binod Chaudhary of Chaudhary Group is planning to invest US $ 100m for setting up cement plant and some leisure projects in coastal area of Sri Lanka. </div> <div> </div> <div> <span style="font-size: 16px;"><strong>Joint Economic Commission</strong></span></div> <div> Nepal and Sri Lanka has signed an Agreement on March 2-4, 2009 to establish Joint Economic Commission to be led by the Foreign Ministers of both countries. The agreement contains provisions for cooperation in areas of trade, finance, agriculture, industry, development of infrastructure, science and technology, investment and other matters mutually agreed upon. The first meeting of JEC is to be held in Colombo.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Exchange of Visits</strong></span></div> <div> Exchange of high-level visits from both sides at various levels has contributed in elevating existing bilateral relations to new heights and have proved highly productive for creating an conducive atmosphere for upgrading mutual trade and commercial relations.</div> <div> </div> <div> <img alt="Highlights of Nepal- Sri Lanka Relation" src="/userfiles/images/br4%20(Copy)(1).jpg" style="width: 550px; height: 565px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div style="text-align: center;"> <hr /> <p> <strong style="font-size: 18px;">“We are entering into tourism cooperation with Nepal”</strong></p> </div> <div> <div> </div> <div> <table align="right" style="margin: 0px 0px 0px 10px;" width="25"> <tbody> <tr> <td> <img alt="W.M. Senevirathna, Ambassador of Sri Lanka to Nepal" src="/userfiles/images/br1a1%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 233px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>W.M. Senevirathna</strong></div> <div> <em>Ambassador of Sri Lanka to Nepal</em></div> </div> </td> </tr> </tbody> </table> <div> <span style="font-size: 14px;"><strong>How is your experience in diplomatic career? </strong></span></div> <div> I have come to serve in Nepal, one of the world’s beautiful landmass filled with hospitable and friendly people. Sri Lanka and Nepal both have lot of similarities like culture, religion, food, friendliness and hospitability. I joined government service first as a graduate teacher in 1979 in Vidumina Piriven College, Kandy and joined the Sri Lanka Foreign Service as an Assistant Director at the Ministry of Foreign Affairs, Colombo in 1985. Since then, I have worked in ten Sri Lankan diplomatic missions including West Germany, Pakistan, Malaysia, Lebanon, USA, Canada, and Iraq. I have served as Sri Lankan ambassador to the Philippines, Israel and Nepal. </div> <div> </div> <div> Apart from this I have worked at the Ministry of External Affairs of Sri Lanka for a short period. I was the Vice Chairman (2006) and Chairman (2007) of the Governing Board of the Colombo Plan Staff College for Technician Education (CPSC) in Manila. I have represented Sri Lanka in various regional and international conferences such as South Asian Association for Regional Conferences [SAARC], World Bank, International Natural Rubber Organization [INRO] and Asian Regional Forum [ARF]. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>You have been in Nepal for nearly a year now. How are your impressions? </strong></span></div> <div> During this time I have met and interacted with Nepal’s senior government officials, politicians, diplomats, and businessmen and exchanged views at various levels. Within this one-year tenure, many high level delegations from Sri Lanka have visited Nepal, especially Lumbini. </div> <div> </div> <div> Nepal is such a beautiful country filled with lots of historical sites, mountains, and other natural resources. During my stay here, I have travelled to different parts of this country; Pokhara, Lumbini, Chitwan. I have trekked from Nagarkot to Dhulikhel and done rafting in Trishuli and Dolalghat. I have visited Chitlang and had an opportunity to interact with the friendly people of the village. I have also visited historical places such as Bhaktapur, Durbar Square that have masterpieces of skilful architecture, sculptures, and well-preserved ancient monuments that represent the living cultural heritage of Nepal. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>How do you evaluate the last elections and where do you see the country heading to next? How will the polls and the outcome affect regional peace and stability and Nepal’s relations with Sri Lanka?</strong></span></div> <div> The Constituent Assembly election held on 19th November 2013 was a new step towards the development of the country. The election was conducted in a very peaceful environment and was appreciated by local and foreign observers. Asian Network for Free Elections [ANFREL], Carter Foundations and other observers from different countries took part. The Nepali government had invited SAARC observers to visit and observe the election. Two delegations from the Sri Lankan Election Commission had observed the election. Out of the total 12.1 million population, 9.4 million people casted votes. It is a turnout of 78%, which is very high. As the election was a success, the constitution of Nepal can be finalized.</div> <div> </div> <div> As a representative of the Sri Lankan Government, we respect Nepali people’s mandate. Political stability will enhance peace and socio economic development of a country. Nepal Stock market Index NEPSE passed 700 points after the election. This reflected investors confidence in the government.</div> <div> </div> <div> Benefits of the election include inflow of Foreign Direct Investments [FDI] and representation in regional and international conferences, such as hosting the SAARC Summit in the coming year.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Despite signing bilateral trade agreement in 1979, business between the two nations is quite low, less than 2 billion NRs in the last financial year [exports and imports together]. Why still insignificant?</strong></span></div> <div> Trade between the two countries has remained at a low level. The Sri Lankan and the Nepali government have taken important steps in the economic and tourist sectors with an aim to increase the volume of bilateral trade, investment and tourism. Various issues have limited bilateral trade between both countries. Limitations include the high cost of transportation and lack of direct air connectivity. These limitations have limited the volume of import and export. Both countries produce and export the same crops and commodities. However, Sri Lanka imports carpets, woollen clothes and lentils from Nepal and exports cocoa, cocoa preparations, table and kitchenware, tea, gem and jewellery to Nepal</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What specific measures do you suggest for enhancing the business relations and total value and volume of business between the two nations?</strong></span></div> <div> The total value and volume of trade between the two nations is not satisfactory due to the various reasons. Primarily we would like to have direct air connectivity and an exchange of business delegations to attend trade fairs. Recommending each other to attend trade fairs business forums in each other’s capital will help to interact and promote business.</div> <div> </div> <div> I am pleased to announce that the Chaudhary Group, Nimbus, Youth Entrepreneurs, and Sagarmatha Insurance have already taken steps in this regard. They have visited Sri Lanka and taken part in business forums to extend their business. Similarly, various Sri Lankan companies are taking part in Nepali trade fairs to expand their business here.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Arrival of Sri Lankan tourists to Nepal, especially to Lumbini, has crossed 75,000 a year. What trends and numbers you expect in near future? How can Nepal tourism be promoted in Sri Lanka?</strong></span></div> <div> As you are perhaps aware, 70% of the Sri Lankan population is Buddhists. Being Buddhist, they would like to see the birthplace of Prince Siddhartha, “Gautam Buddha” with the excavation at the Mayadevi Temple, Lumbini. Sri Lankan visitors are keen to visit Lumbini, Nepal and want to experience the beauty Nepal offers.</div> <div> </div> <div> We are in a process to enter into tourism cooperation agreement with the Nepali government so that it will be easy for Sri Lankan tourist to visit Lumbini.</div> <div> </div> <div> Through tailored tour packages to Lumbini and historical Buddhist places, Nepal can attract Sri Lankan and other nation tourists. More than 5000 Sri Lankan tourist visit to Kathmandu by air and I would like to inform that Sri Lanka Tourist are the number one travellers to Lumbini. If tour packages and facilities are provided, we hope to see the numbers exceed 1000,000.</div> <div> </div> <div> The Sri Lankan Embassy in Nepal with support of Sri Lanka Tourism Promotion Bureau is arranging a familiarization tour to Sri Lanka for Nepal Tour Operator Association in 2014. I think Nepal should prepare some awareness programme, for example tour packages and other facility to attract Sri Lanka tourists.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What are the initiatives taken by Sri Lanka to upgrade tourism and facilities in Lumbini?</strong></span></div> <div> Sri Lanka and Nepal signed the Agreement on Cultural Cooperation in 1999,to expand their cultural relationship further. Sri Lanka has agreed to assist Nepal in heritage management and proposed to establish a course on Culture and Heritage Studies at a university in Nepal.</div> <div> </div> <div> Support has been extended for Nepali students to study Therawada Buddhismin Sri Lanka. Sri Lanka re-establishment of Therawada Buddhism in Nepal. In 1992 a pilgrims resting place, “Dutugemunu Pilgrim Rest,” was established for in Lumbini for the Sri Lankan devotees. This wasrenovated in 2012 to accommodate over 135 visitors. A bridge close to Lanka Ramaya temple at gate no. 4 of the Maya Devi Temple was constructed to making it easy for visiting the temple. Adding to, the road near the Sri Lankan Temple, which is shortest access to Mayadevi Temple, was widened. The Sri Lankan Government spent SLRS 90 million on all these projects to facilitate Sri Lankan tourists visit to Lumbini.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>There has been an air service agreement between the two nations for more than 25 years, which was upgraded recently as well. What is its status and what are the benefits of having fifth freedom rights for Sri Lankan airlines?</strong></span></div> <div> Bilateral Air Service Agreement was signed during H.E. the President’s last visit to Nepal in March 2009. Lack of direct air connectivity between the two countries is one of the major barriers in promoting trade.</div> <div> </div> <div> Code Sharing Basis will facilitate both Sri Lankan and Nepali airlines, to travel to each other’s countries. The fifth freedom right will enable Sri Lankan airlines to get passengers of other destination as well. Sri Lankan government would like to commence air connectivity in the near future and discussions in this regard are being held.</div> <div> </div> <div> Joint Economic Commission between the two nations was formed a few years earlier. What roadmap and outcome you see of the same in the next two years?</div> <div> We signed the MOU on Nepal – Sri Lanka Joint Commission in March 2009. Both countries have agreed to hold the first Joint Economic Commission meeting in Sri Lanka. We hope to conduct annual Joint Economic Commissions meet in each other’s capital.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Sri Lanka has a small population, history of civil war, and difficulties in its relations with neighbours, much like Nepal. What suggestions you have for the building of new Nepal, in light of the Sri Lankan nation-building and development experience? </strong></span></div> <div> Sri Lanka’s population is 21 million. There was no civil war in Sri Lanka but a terrorist war. Beginning on 23 July 1983, there was an insurgency against the government forces by the Liberation Tigers of Tamil Eelam [LTTE] which fought to create a separate and independent Tamil state called Tamil Eelam . 12% of the population demanded 2/3 of Coastal area and 1/3 of the total Area of the country. Government’s main policy was ‘One Country and One Nation’. After a 30 year military campaign, the Sri Lankan military defeated the Tamil Tigers in May 2009, ending the terrorist war. </div> <div> </div> <div> For over 30 years, this terrorist war caused significant hardships for the population, environment and the economy of the country. An estimated 40,000 people were killed during the war but Sri Lanka was able to sustain over 6% economic growth rate.</div> <div> </div> <div> During the conflict period, the Sri Lanka government was able to attract Foreign Direct Investment that prioritized infrastructure development. For nation building, President of Sri Lanka requested all political parties to join hands with the government to overcome national problems. This succeeded in 2009. All political parties supported the government for boosting national economy by forgetting their political differences. As a result, Sri Lanka has positive indicators. </div> <div> </div> <div> I wish the newly elected member of the Constituent Assembly of Nepal could get together and join hands for the formation of a stable government and serve the people of this beautiful country.</div> </div> </div> <p> </p>', 'published' => true, 'created' => '2014-02-20', 'modified' => '2014-02-20', 'keywords' => 'new business age bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal, current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events, o', 'description' => 'Diplomatic relations between Nepal and the Democratic Socialist Republic of Sri Lanka established 57 years ago on 1st of July, 1957. Both the Countries are bound by warm and friendly economic, cultural and political relations.', 'sortorder' => '2483', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '2541', 'article_category_id' => '79', 'title' => 'Thai-Nepal Relationship To Promote Prosperity Mutually', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> </div> <div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <div> <img alt="Thailand" src="/userfiles/images/br4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 408px;" />Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.</div> <div> </div> <div> Nepal and Thailand have been bound by similarity of culture and shared values. There is very good friendship, goodwill and understanding between the two countries.</div> <div> </div> <div> Since the establishment of diplomatic relations, in addition to other cooperation between Nepal and Thailand, Thailand has been providing a number of short-term and long-term scholarships for Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under the Technical Cooperation scheme among Developing Countries through Thailand International Cooperation Agency (TICA) and other cooperation schemes.</div> <div> </div> <div> In order to foster economic cooperation between the two countries, a Joint Working Group at the level of Foreign Secretaries was established for the first time in 1984. The first meeting of the Joint Working Group was held in Kathmandu in 1986. The Joint Working Group was upgraded to Joint Commission in 1990 at the Foreign Secretary level. The Joint Commission has been coordinating cooperative relations between the two countries. The first meeting of the Joint Commission took place in 1990 in Thailand and the Second one in Kathmandu in 1996. A meeting of the Joint Commission is held regularly as scheduled by both countries. Joint Commission focuses on exploring the possibilities to further expand bilateral cooperation in the areas of trade, foreign investment, Tourism, civil aviation, and culture.</div> <div> </div> <div> Since the establishment of Nepal Thailand diplomatic relations, the overall relations between two countries have always been excellent, and based on mutual trust, respect and understanding. They have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div> <div> </div> <div> <img alt="About Thailand" src="/userfiles/images/br2%20(Copy)(3).jpg" style="width: 550px; height: 462px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 14px;"><strong>Thai Cooperation in Lumbini</strong></span></div> <div> Thai people and Government have tremendous goodwill towards Lumbini, the birthplace of Lord Buddha. The Thai Government has built a Temple of Thai style in Lumbini. The Royal Thai Monastery is located in the vicinity of the birthplace of Lord Buddha at the Lumbini Sacred Garden. The construction has been funded by the Royal Thai Government and the devoted Thai Buddhists followers. The project was initiated to honour the celebration of commemorating the 50th Anniversary of His Majesty King Bhumibol Adulyadej’s accession to the Throne.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Exchange of Visits</strong></span></div> <div> Exchange of visits at high level has played important role in developing mutual understanding between Nepal and Thailand. Contacts at various levels have provided opportunity to exchange views on a range of issues of mutual interest, both bilateral and international. Besides, they have enhanced the prospects for broader political and economic relations.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Bilateral Trade, Tourism and Investment</strong></span></div> <div> Thailand’s experience basically in the field of agriculture, small and medium enterprises and Tourism can be beneficial to Nepal. Nepal Chambers of Commerce and Thai Chambers of Commerce signed a Memorandum of Understanding on May 20, 2004 in Bangkok for promoting bilateral trade and commerce. Thai investment has been realized in manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has become an important tourist market for Nepal in the recent years. A number of Thai people visit Nepal every year, particularly to pay pilgrimage to Lumbini. Many of them also make a tour in other parts to enjoy the scenic and natural beauty of Nepal. There are direct and regular flights operated by both Nepali and Thai airlines linking capitals of Nepal and Thailand, which greatly promote trade and Tourism between the two countries. </div> <div> </div> <div> <img alt="Bilateral Trade" src="/userfiles/images/br%20(Copy)(4).jpg" style="width: 550px; height: 82px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 14px;"><strong>Nepal - Thailand Economic and Technical Cooperation</strong></span></div> <div> Thailand is providing a number of short term and long term scholarships to Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under Colombo Plan and Technical Cooperation scheme among Developing Countries through Thailand International Development Cooperation Agency (TICA).</div> <div> </div> <div> Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas as public health, agriculture, education, tourism and rural development.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Religious and Cultural Cooperation</strong></span></div> <div> Religious and cultural cooperation is also the major aspect of the long standing relationship between Nepal and Thailand. Ninety per cent of Thai people are Buddhist while Nepal is the birthplace of Lord Buddha. Over 50, 000 Thai pilgrims visit Lumbini, the birthplace of Buddha, every year. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>Trade </strong></span></div> <div> Trade relation between Nepal and Thailand is heavily in favour of Thailand. Nepal imports electrical goods, construction materials, clothing, transport and telecommunication goods from Thailand and exports to Thailand consist of handicrafts, woollen carpets and Nepalese paper products. In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years. </div> <div> </div> <div> Nepal’s exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.</div> <div> </div> <div> Nepal can take benefit from Thailand’s experience basically in the field of agriculture, small and medium enterprises and tourism. </div> <div> </div> <div> <span style="font-size: 14px;"><strong><img alt="Tourism" src="/userfiles/images/br1%20(Copy)(6).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 80px;" />Tourism</strong></span></div> <div> About 94% of Thai population is Buddhist. Thousands of Thai people visit Nepal every year for religious purpose and also enjoy natural beauty of Nepal. Thailand has become an important tourist market for Nepal in the recent years. The figure of Thai tourist visiting to Nepal for last four years is as follows:</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Investment</strong></span></div> <div> Thai investment has been realized in the sectors of manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has invested Rs.116.29 Million in 11 different industries creating 1159 jobs for Nepali people. </div> <div> </div> <div> <img alt="Investment" src="/userfiles/images/br3%20(Copy)(3).jpg" style="width: 550px; height: 72px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> </div> <div style="text-align: center;"> <span style="font-size:18px;"><strong>“Nepal is a true friend of Thailand”</strong></span></div> <div> </div> <table align="right" style="margin: 0px 0px 0px 10px;" width="25"> <tbody> <tr> <td> <img alt="Kanthong Unakul, Thai Ambassador to Nepal" src="/userfiles/images/br5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 234px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>Kanthong Unakul</strong></div> <div> Thai Ambassador to Nepal</div> </div> </td> </tr> </tbody> </table> <p> <span style="font-size: 14px;"><strong>Nepal and Thailand have been in diplomatic relations for last fifty-four years, even Ambassadorial presence from 1980. What factors are contributing to this cordial ties between our nations?</strong></span></p> <div> Since assuming the position of Ambassador of Thailand to Nepal for one and half year, I have received many chance to meet many Nepalese counterparts from government, business societies, academics and media. I have found that Nepal is a true friend of Thailand. We are quite similar in terms of culture and religion. We are delighted to work here in Nepal and plan to work closely with Nepali counterparts on various mutually beneficial projects.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What are the salient features of government-to-government relation between Thailand and Nepal in the last two years?</strong></span></div> <div> Our ongoing plans to further support Thailand and Nepal bilateral relationship are the development of the cremation center in Janakpur and construction of the general hospital in Lumbini. When these matters will materialize, they will be another testimony of our strong and bonded relationship. I would like to reaffirm our strong and bonded relationship.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>With Thai cuisine popular in Kathmandu and tourism on both sides being actively participated by the people, what are the main areas of people-to-people relation between Thailand and Nepal?</strong></span></div> <div> We are planning to demonstrate Thai cooking class. This year I would also would like to conduct Thai cooking classes in hotels and other tourist destination to make the Nepali people familiar with real Thai food. This will be helpful for Nepal’s hospitality industry also along with familiarizing Thai cuisines among Nepalis and subsequently increase imports of Thai products from Thailand too. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>There are several areas where Thai-Nepal business collaborations have happened in the past. How active and successful has been the Nepal Thai Chamber of Commerce and Industries?</strong></span></div> <div> We cooperate closely with Nepal Thai Chamber of Commerce and Industries (NTCCI). Next month we are going on a trip to Thailand in my leadership. We will go to see some projects like “One Village One Product”. Along with that the NTCCI group will be visiting Thailand to hold discussions on some projects with their Thai counterparts.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Do you have any ongoing or upcoming projects that specifically focus on Lumbini’s development and in promoting the Buddhist Heritage in Nepal? </strong></span></div> <div> Lumbini does have Lumbini Development Trust so it is a little bit difficult for Thai government to come to help in developing Lumbini. But we have already done some projects in Lumbini. Thai people have donated large sum of money to renovate and develop Maya Devi Temple and its surrounding area. Furthermore, support also has been extended to various Buddhist organizations in Nepal on projects related to Buddhism. These activities are the testimony of strong cultural and religious link between Thailand and Nepal. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>Can you throw some light on global positioning, foreign policy and South-East Asian relations of Thailand?</strong></span></div> <div> Thailand’s foreign policy places priority on the country’s partnership with its immediate neighbours, the Association of Southeast Asian Nations (ASEAN) and the Asian region as a whole. While recognizing the importance of strengthening its ties with existing partners, Thailand continues to deepen and broaden its partnership with countries in other part of the world including Africa, the USA, Europe, Middle East and South Asia. Thailand is now pushing for the integration of the AEAN Community by 2015.</div> <div> </div> <div> Under the “Prosper thy Neighbour” policy, Thailand has continued to assist its neighbours in economic development, which is essential for the realization of ASEAN community. </div> <div> </div> <div> Moreover, Thailand encourages people-to-people contacts with foreign countries and plays a creative role in promoting their national interest in international organizations, especially at the United Nations and regional organizations in order to preserve peace and security, promote democratic process, human rights, humanitarianism, environment and sustainable development, as well as cooperation to address all transnational issues that affect human security.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>How can Nepal benefit from Thailand’s business market? Are there any plans for extending cooperation between both nations further?</strong></span></div> <div> Since the establishment of Thailand-Nepal diplomatic relations, the overall relations between two countries have always been excellent, based on mutual trust, respect and understanding. We have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div> <div> </div> <div> Thailand has become a preferred destination in Asia for tourism, medical services and higher education. We enjoy a strategic location that provides easy access to a longer market of nearly 600 million people, which is expected to gain even more strength when the ASEAN vision of one community materializes in 2015. </div> <div> </div> <div> The ASEAN Economic Community of AEC will create a single market and production base with the population over 600 million of people. It will create new challenges and opportunities for Nepali private sector who are now doing business in Thailand and for those who plan to do business in Thailand in near future. </div> <div> </div> <div> Similarly, Thailand is now promoting MICE (Meetings, Incentives, Conventions and Exhibition) in the country with the aim to invite foreign business group to conduct MICE activities in Thailand and choose it as a preferred destination for such activities. The Thai government is also ready to render its full support to increase the economic cooperation with Nepal.</div> <div> </div> <div> On technical cooperation, Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas such as public health, agriculture, education, tourism and rural development.</div> <div> </div> <div> Moreover, we also extend our support in humanitarian and people to people projects such as free eye screening and cataract surgery for the needy Nepali since 2010 by cooperating with the Royal Thai Monastery in Lumbini and Youth Eye Service, a Nepali charitable organization as well as donation to various Nepali social organizations.</div>', 'published' => true, 'created' => '2014-01-28', 'modified' => '2014-02-08', 'keywords' => 'new business age bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal, current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events, o', 'description' => 'Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.', 'sortorder' => '2385', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1067', 'article_category_id' => '79', 'title' => 'Moroccan Promise', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> <strong>By Sushila Budhathoki</strong></p> <p> With the main trade partners mostly in Europe, Morocco is spreading its business all over the world as the late king of Morocco, Hassan II once said, “Morocco is like a tree, which has its roots in Africa and its branches in Europe.” As a trader, exporter of manufactured and agricultural products and a tourism destination, Morocco has turned out to be an emerging economy of North Africa. </p> <p> Morocco, a constitutional monarchy with an elected parliament, shares common interest in the AMU (Arab Maghreb Union), a regional grouping of five North African countries namely Algeria, Libya, Mauritania, Morocco and Tunisia. According to Maghreb Markets, a magazine by Afro Asian Business Chronicle, the country is opting for greater economic integration into the world economy and contributing to the consolidation of the multilateral trading system. For this, it has adopted a policy of economic and financial openness, aiming at strengthening the liberalization of foreign trade since the early 1990s. France has been the main import and export partner of Moroccan trade (22.5%) followed by other partners Spain (16.9%), India (6.1%), Italy (4.5%) and United States (1.3%). Morocco has free trade agreements to a market of 55 countries that represent more than one billion consumers and 60% of world GDP. </p> <p> Morocco has strong and stable macroeconomic performances. Agriculture, phosphates and tourism are the major resources of the Moroccan economy followed by industry, mining and sales of fish and seafood. The Moroccan agriculture sector which contributes 19% of the GDP also employs more than 4 million rural inhabitants creating approximately 100,000 jobs in the agro- industry sector. The country is the largest recipient of foreign investment in North Africa and is looking for expansion in ties to include more joint ventures from all around the world. According to the United Nations Conference on Trade and Development (UNCTAD), it received USD 18 billion FDI between 2000 and 2009 mainly in fertilizer and minerals. The industry, solar energy, wind energy, agriculture, fishing industry, retail and information communication and technology are the major sectors open for investment in Morocco. </p> <p> <strong>Nepal- Morocco Friendship</strong></p> <p> There has been very little progress in promoting economy, trade, culture and fewer efforts in enhancing people to people relations between Morocco and Nepal despite setting up diplomatic ties in 1975. The recent visit by Larbi Reffouh, Moroccan Ambassador to Nepal (who resides in New Delhi) to present the letter of credential to the President of Nepal on first May is expected to enhance friendship ties with Nepal. Larbi is also the Ambassador to the Bhutan, and according to him, his posting in India is a choice posting. According to Moroccan Consulate office in Nepal, Larbi, during his visit proposed for short-term as well as long-term trainings to the government officials without any financial obligations to the government of Nepal and allocation of scholarship quota for at least 15 graduate level technical educations in the field of Engineering, Medicines etc. Furthermore, he also officially requested the Chairman of Council of Ministers and the Minister of Foreign Affairs Nepal to visit the Kingdom of Morocco at their convenient times. </p> <p> <img alt="Facts and figures about Morocco" height="418" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_facts_and_figures.jpg" style="float:right; margin:0 0 0 10px;" width="371" />Similarly, a high level Nepali business delegation is planning to visit Morocco to explore the possibilities of trade and business between these two countries. After the return of Nepali business delegation from Morocco, Moroccan business delegation is planned to be in Nepal for the same purpose. A socio-cultural delegation is also planning to visit the Kingdom of Morocco to boost cultural relations and people to people relations between Nepal and the Kingdom of Morocco. The ambassador also expressed Morocco’s interest to supply fertilizers to Nepal. The Kingdom is the second largest producer and the largest exporter of fertilizers in the world.</p> <p> Both Nepal and Morocco are member of UN and partners of non-aligned campaign. Santosh Kumar Tiberawala was appointed as consul of the Kingdom of Morocco to Nepal on November 27, 2000. Basant K. Chaudhary, Managing Director of Chaudhary Group was appointed as consul on Norvember 26, 2007 and was promoted to Consul General in May, 2013. The Nepali Embassy in Cairo oversees the diplomatic relations of Nepal with Morocco. </p> <p> Nepal’s trade with Morocco has been limited as investors from both of the countries have less interaction in high level. The data from Nepal Trade and Export Promotion Centre (TEPC) shows decrease in the trade between the two countries. According to the data provided by TEPC, only 161 pieces of works of art, collector’s pieces and antiques worth Rs 257,690 were exported to Morocco between January 2012 and January 2013. The earlier export included products like dying extracts, dyes, pigments and other coloring matter, paints and varnishes, inks and carpets and other textile floor coverings among few others. Similarly, Nepal mainly imported fertilizers and rubber from Morocco before 2012. There is no import from Morocco between January 2012 and January 2013. </p> <p> <img alt="Nepal-Morocco Trade" height="198" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_nepal_morocco_trade.jpg" width="580" /></p> <p> Moroccans are not among the regular tourist groups who come to Nepal for celebrating their vacation. According to Department of Immigration, Nepal, hardly 171 tourists were from Morocco who visited Nepal in 2012. On the other hand, Morocco, with 70 new tourist destinations, is becoming a growing tourism destination in the world. According to Maghreb Markets, around 9.3 million tourists visited Morocco in 2010. </p> <hr /> <p> </p> <p> <strong>‘There is an untapped potential to strengthen our economic and trade ties’</strong></p> <p> <strong><img alt="H. E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India and Nepal" height="400" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_ambassador_larbi_reffouh.jpg" style="float:left; margin:0 10px 0 0;" width="250" />How do you see the significance of your visit to Nepal?</strong></p> <p> The purpose of this visit is to present my credentials to His Excellency Dr Ram Baran Yadav, the President of the Republic of Nepal, as Ambassador extraordinary and plenipotentiary of the Kingdom of Morocco to Nepal, with a residence in New Delhi. </p> <p> This visit also was a good opportunity to hold several meetings with the Prime Minister, some members of the Government and senior officials from the Ministry of Foreign Affairs, in order to discuss a gamut of bilateral and international issues of mutual interest. All the contacts and interactions I have had during my visit are very positive and promising about the future of relations between Morocco and Nepal. </p> <p> <strong>What are the possibilities for economic and trade cooperation between Nepal and Morocco?</strong></p> <p> The diplomatic relations between Morocco and Nepal were established in 1975. Both countries have always enjoyed cordial, friendly and excellent political relations. This could be reflected by our work together and our coordinated efforts and positions on several international issues, either within or outside the United Nations. </p> <p> Our bilateral trade record remains below our common ambitions and expectations. There is for sure an untapped potential to strengthen our economic and trade ties. In this regard, both governments are currently considering the signing of a Memorandum of Understanding between the Ministries of Foreign Affairs, which will be a cornerstone for the creation of a global legal framework to conceive and promote different “win-win” partnerships and projects in order to take our relationship to the next level, especially in the economic field. </p> <p> <strong>Can you please tell us the major sectors for cooperation between the two countries?</strong></p> <p> I believe we should target and focus on some key economic sectors. For instance, we have developed in Morocco a modern, competitive and export-oriented agriculture. Since we do really have an internationally recognized expertise and know how in this field, we are ready to share this experience with our Nepali friends, particularly in terms of modern irrigation techniques and human resource development. </p> <p> With regards to tourism, we have realized significant achievements over the last few years as Morocco has succeeded in positioning itself one of the world’s fast-growing tourism destinations, attracting over 12 million tourists a year. This achievement can be simply attributed to an ambitious strategy, dubbed “Vision 2020”, through developing state-of-the-art tourism-related infrastructure, including building new hotels and resorts, as well as investing in training human capital. Thus, we can look at the existing potential for initiating specific cooperation in this sector.</p> <p> Another sector that could be central for our future cooperation is higher education. Just to give you an idea, Morocco provide annually more than 1600 scholarships in favor of foreign students. Today, we have over 7000 students from over 48 countries to study in our universities and higher institutes. So, we will seriously consider the possibility of providing scholarships for Nepalese students to pursue their studies in Moroccan universities. I personally believe that if we succeed on this particular front, it will inevitably contribute to further promotion of people-to-people contacts.</p> <p> <strong>What should Nepali government do to attract investment from Morocco?</strong></p> <p> I would like to emphasize that Moroccan investors are present overseas, primarily in Africa in areas such as banking, telecoms, housing and infrastructure. I can assure you that this economic presence is expanding and deepening thanks to the various opportunities existing in African countries and indeed to the capital and expertise offered by Moroccan companies. Since investors are guided by profit and better business environment, the Moroccan private sector is open and ready to explore other horizons and seek new opportunities, even here in Nepal. But this is the main responsibility of your government and business community, by engaging in some promotional and marketing activities, in order to attract Moroccan investments to Nepal, probably by looking at the possibility of establishing “joint-ventures” in specific sectors, like agriculture and tourism.</p> <p> <strong>Agriculture is one of the important contributors in Moroccan economy. How can Nepal get benefit from Morocco?</strong></p> <p> Morocco is ready to share its expertise with Nepal in the field of agriculture and irrigation. Morocco initiated in 2008 a revolutionary program by investing, with the involvement of the private sector, in the modernization and development of our agriculture, and in promoting its international competitiveness. The adoption of this policy stems from the fact that agriculture is the major employer of our workforce, especially in rural areas, and it is one of main contributors to our GDP. We are now starting to reap the fruits of this ambitious strategy, either in terms of increasing output and improving global competitiveness. Having said that, we are ready to share the expertise we have developed so far in this sector with Nepal. We can offer training programs in favor of Nepali students in specific areas, such as irrigation techniques, agribusiness and veterinary. </p> <p> <strong>Can you please describe us the prospect of export-import business between two countries?</strong></p> <p> We do export so many things, from agricultural products to industrial items and very recently we have started exporting cars to the regional markets. In fact, we are one of the leading exporters of phosphate in the world. And nobody can ignore the importance of this commodity as an essential component for agricultural development and food security. As an example, we are a major exporter of phosphate and fertilizers to your immediate neighbour. I think it’s time to see if we can do the same with Nepal, to participate concretely with your country in its efforts for the development of your agricultural sector and achieving your food security.</p>', 'published' => true, 'created' => '2013-06-07', 'modified' => '2013-07-15', 'keywords' => 'H. E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India and Nepal, Bilateral Relations, New Business Age', 'description' => 'Morocco has adopted a policy of economic and financial openness, aiming at strengthening the liberalization of foreign trade since the early 1990s.', 'sortorder' => '938', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 60 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
Notice (8): Undefined variable: file [APP/View/Elements/side_bar.ctp, line 133]Code Context// $file = 'http://aabhiyan:QUVLg8Wzs2F7G9N7@nepalstock.com.np/api/subindexdata.xml';if(!$xml = simplexml_load_file($file)){$viewFile = '/var/www/html/newbusinessage.com/app/View/Elements/side_bar.ctp' $dataForView = array( 'articles' => array( (int) 0 => array( 'Article' => array( [maximum depth reached] ) ), (int) 1 => array( 'Article' => array( [maximum depth reached] ) ), (int) 2 => array( 'Article' => array( [maximum depth reached] ) ) ), 'current_user' => null, 'logged_in' => false ) $articles = array( (int) 0 => array( 'Article' => array( 'id' => '2640', 'article_category_id' => '79', 'title' => 'Nepal-Sri Lanka: The Half Century Bond', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> </div> <div> <strong>--By Upashana Neupane</strong></div> <div> </div> <div> <img alt="Sri Lanka" src="/userfiles/images/br5%20(Copy)(1).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 300px; height: 452px;" />Diplomatic relations betweenNepal and the Democratic Socialist Republic of Sri Lanka established 57 years ago on 1st July 1957. Relations between the two countries are marked by goodwill, mutual understanding and cooperation. </div> <div> </div> <div> Nepal opened an Honorary Consulate General in Colombo in 1975 and established its embassy in 1995. Sri Lanka has a residential embassy in Kathmandu since 1993. Nepal and Sri Lanka are the founder members of the South Asian Association for Regional Cooperation (SAARC) and are also the members of another regional organization called Bay of Bengal Initiatives for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Both countries share similar views on many international issues and work closely in various international forums such as the UN, NAM, WTO, etc.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Trade and Commercial Relations</strong></span></div> <div> Nepal and Sri Lanka concluded bilateral trade agreement on 3 April 1979. Despite this agreement, trade between the two countries is not up to the desired level due to, among other things, higher cost of transportation, lack of conducive environment for business, lack of interests on the part of business people etc.</div> <div> </div> <div> <strong><span style="font-size: 16px;">Nepal’s Trade with Sri Lanka</span></strong></div> <div> Sri Lankas’ major exports to Nepal are cocoa and cocoa preparations, coffee, tea, spices, electrical machinery and equipment, parts of sound recorders and reproducers, television, cereal preparations, flour, starch or milk pastry cooking products, sugar and sugar confectionery, miscellaneous edible preparations, apparel articles and clothing accessories- knitted or crocheted , edible vegetables, certain roots and tubers and so on.</div> <div> </div> <div> Sri Lanka’s major imports from Nepal are grains (lentils). Other import items, though insignificant, are plastic articles, articles of wood charcoal , carpets and other floor coverings, art work, collectors' pieces and antiques, electrical machinery and equipment and parts of sound recorders and reproducers, television, printed books, newspapers, pictures and products related to the printing industry, manuscripts, raw hides, skins (other than fur skins), leather and so on.</div> <div> </div> <div> The trade figure for the past four years between Nepal and Sri Lanka has been as follows:</div> <div> </div> <div> <img alt="Nepal’s Trade with Sri Lanka" src="/userfiles/images/br1%20(Copy)(7).jpg" style="width: 550px; height: 408px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Tourists from Sri Lanka</strong></span></div> <div> Lumbini is one of the holiest destinations to the Sri Lankan Buddhists. Sri Lankan government has been reiterating its support to Nepal’s efforts to further develop Lumbini as a City of World Peace. Sri Lanka has constructed rest house for Sri Lankan Buddhist pilgrims and a Monastery Complex in Lumbini. </div> <div> </div> <div> <img alt="Tourist Arrival to Nepal from Sri Lanka" src="/userfiles/images/br2%20(Copy)(4).jpg" style="width: 550px; height: 413px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Air Services Agreement </strong></span></div> <div> With the aim to increase tourists flow from either country through direct air connectivity between Kathmandu and Colombo, Nepal and Sri Lanka had signed an Air Services Agreement (ASA) on 19 February 1977. On 23 November 2004, a new Memorandum of Understanding (MOU) was signed by both nations in Colombo for reviewing and replacing the previous agreement. The Air Service Agreement and additional MOU on increasing the air seats and providing fifth freedom rights to Sri Lankan airlines was agreed at the negotiations held during 22-24 January 2009, in Kathmandu. </div> <div> </div> <div> <img alt="TidBits" src="/userfiles/images/br3%20(Copy)(4).jpg" style="width: 550px; height: 342px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Joint Venture </strong></span></div> <div> In the 1990’s the Sri Lankan Bank of Ceylon opened a joint venture bank in Nepal. However the Sri Lankan bank withdrew later due to what they call as unfavourable circumstances. Presently some commercial banks operate between the two countries. Commercial Bank of Ceylon, Sri Lanka and some of Nepal’s private sector bank have close links. In October, 2013 delegation of Commercial Bank of Ceylon, Sri Lanka visited Nepal. Nepal Sri Lanka Chamber of Commerce has been established for easing joint ventures and trade between both nations. Nepali investors have invested over $ 200 million in Sri Lanka’s hotel and leisure sector like the Hotel Taj Samundra and Grand Oriental Hotel. Binod Chaudhary of Chaudhary Group is planning to invest US $ 100m for setting up cement plant and some leisure projects in coastal area of Sri Lanka. </div> <div> </div> <div> <span style="font-size: 16px;"><strong>Joint Economic Commission</strong></span></div> <div> Nepal and Sri Lanka has signed an Agreement on March 2-4, 2009 to establish Joint Economic Commission to be led by the Foreign Ministers of both countries. The agreement contains provisions for cooperation in areas of trade, finance, agriculture, industry, development of infrastructure, science and technology, investment and other matters mutually agreed upon. The first meeting of JEC is to be held in Colombo.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Exchange of Visits</strong></span></div> <div> Exchange of high-level visits from both sides at various levels has contributed in elevating existing bilateral relations to new heights and have proved highly productive for creating an conducive atmosphere for upgrading mutual trade and commercial relations.</div> <div> </div> <div> <img alt="Highlights of Nepal- Sri Lanka Relation" src="/userfiles/images/br4%20(Copy)(1).jpg" style="width: 550px; height: 565px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div style="text-align: center;"> <hr /> <p> <strong style="font-size: 18px;">“We are entering into tourism cooperation with Nepal”</strong></p> </div> <div> <div> </div> <div> <table align="right" style="margin: 0px 0px 0px 10px;" width="25"> <tbody> <tr> <td> <img alt="W.M. Senevirathna, Ambassador of Sri Lanka to Nepal" src="/userfiles/images/br1a1%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 233px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>W.M. Senevirathna</strong></div> <div> <em>Ambassador of Sri Lanka to Nepal</em></div> </div> </td> </tr> </tbody> </table> <div> <span style="font-size: 14px;"><strong>How is your experience in diplomatic career? </strong></span></div> <div> I have come to serve in Nepal, one of the world’s beautiful landmass filled with hospitable and friendly people. Sri Lanka and Nepal both have lot of similarities like culture, religion, food, friendliness and hospitability. I joined government service first as a graduate teacher in 1979 in Vidumina Piriven College, Kandy and joined the Sri Lanka Foreign Service as an Assistant Director at the Ministry of Foreign Affairs, Colombo in 1985. Since then, I have worked in ten Sri Lankan diplomatic missions including West Germany, Pakistan, Malaysia, Lebanon, USA, Canada, and Iraq. I have served as Sri Lankan ambassador to the Philippines, Israel and Nepal. </div> <div> </div> <div> Apart from this I have worked at the Ministry of External Affairs of Sri Lanka for a short period. I was the Vice Chairman (2006) and Chairman (2007) of the Governing Board of the Colombo Plan Staff College for Technician Education (CPSC) in Manila. I have represented Sri Lanka in various regional and international conferences such as South Asian Association for Regional Conferences [SAARC], World Bank, International Natural Rubber Organization [INRO] and Asian Regional Forum [ARF]. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>You have been in Nepal for nearly a year now. How are your impressions? </strong></span></div> <div> During this time I have met and interacted with Nepal’s senior government officials, politicians, diplomats, and businessmen and exchanged views at various levels. Within this one-year tenure, many high level delegations from Sri Lanka have visited Nepal, especially Lumbini. </div> <div> </div> <div> Nepal is such a beautiful country filled with lots of historical sites, mountains, and other natural resources. During my stay here, I have travelled to different parts of this country; Pokhara, Lumbini, Chitwan. I have trekked from Nagarkot to Dhulikhel and done rafting in Trishuli and Dolalghat. I have visited Chitlang and had an opportunity to interact with the friendly people of the village. I have also visited historical places such as Bhaktapur, Durbar Square that have masterpieces of skilful architecture, sculptures, and well-preserved ancient monuments that represent the living cultural heritage of Nepal. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>How do you evaluate the last elections and where do you see the country heading to next? How will the polls and the outcome affect regional peace and stability and Nepal’s relations with Sri Lanka?</strong></span></div> <div> The Constituent Assembly election held on 19th November 2013 was a new step towards the development of the country. The election was conducted in a very peaceful environment and was appreciated by local and foreign observers. Asian Network for Free Elections [ANFREL], Carter Foundations and other observers from different countries took part. The Nepali government had invited SAARC observers to visit and observe the election. Two delegations from the Sri Lankan Election Commission had observed the election. Out of the total 12.1 million population, 9.4 million people casted votes. It is a turnout of 78%, which is very high. As the election was a success, the constitution of Nepal can be finalized.</div> <div> </div> <div> As a representative of the Sri Lankan Government, we respect Nepali people’s mandate. Political stability will enhance peace and socio economic development of a country. Nepal Stock market Index NEPSE passed 700 points after the election. This reflected investors confidence in the government.</div> <div> </div> <div> Benefits of the election include inflow of Foreign Direct Investments [FDI] and representation in regional and international conferences, such as hosting the SAARC Summit in the coming year.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Despite signing bilateral trade agreement in 1979, business between the two nations is quite low, less than 2 billion NRs in the last financial year [exports and imports together]. Why still insignificant?</strong></span></div> <div> Trade between the two countries has remained at a low level. The Sri Lankan and the Nepali government have taken important steps in the economic and tourist sectors with an aim to increase the volume of bilateral trade, investment and tourism. Various issues have limited bilateral trade between both countries. Limitations include the high cost of transportation and lack of direct air connectivity. These limitations have limited the volume of import and export. Both countries produce and export the same crops and commodities. However, Sri Lanka imports carpets, woollen clothes and lentils from Nepal and exports cocoa, cocoa preparations, table and kitchenware, tea, gem and jewellery to Nepal</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What specific measures do you suggest for enhancing the business relations and total value and volume of business between the two nations?</strong></span></div> <div> The total value and volume of trade between the two nations is not satisfactory due to the various reasons. Primarily we would like to have direct air connectivity and an exchange of business delegations to attend trade fairs. Recommending each other to attend trade fairs business forums in each other’s capital will help to interact and promote business.</div> <div> </div> <div> I am pleased to announce that the Chaudhary Group, Nimbus, Youth Entrepreneurs, and Sagarmatha Insurance have already taken steps in this regard. They have visited Sri Lanka and taken part in business forums to extend their business. Similarly, various Sri Lankan companies are taking part in Nepali trade fairs to expand their business here.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Arrival of Sri Lankan tourists to Nepal, especially to Lumbini, has crossed 75,000 a year. What trends and numbers you expect in near future? How can Nepal tourism be promoted in Sri Lanka?</strong></span></div> <div> As you are perhaps aware, 70% of the Sri Lankan population is Buddhists. Being Buddhist, they would like to see the birthplace of Prince Siddhartha, “Gautam Buddha” with the excavation at the Mayadevi Temple, Lumbini. Sri Lankan visitors are keen to visit Lumbini, Nepal and want to experience the beauty Nepal offers.</div> <div> </div> <div> We are in a process to enter into tourism cooperation agreement with the Nepali government so that it will be easy for Sri Lankan tourist to visit Lumbini.</div> <div> </div> <div> Through tailored tour packages to Lumbini and historical Buddhist places, Nepal can attract Sri Lankan and other nation tourists. More than 5000 Sri Lankan tourist visit to Kathmandu by air and I would like to inform that Sri Lanka Tourist are the number one travellers to Lumbini. If tour packages and facilities are provided, we hope to see the numbers exceed 1000,000.</div> <div> </div> <div> The Sri Lankan Embassy in Nepal with support of Sri Lanka Tourism Promotion Bureau is arranging a familiarization tour to Sri Lanka for Nepal Tour Operator Association in 2014. I think Nepal should prepare some awareness programme, for example tour packages and other facility to attract Sri Lanka tourists.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What are the initiatives taken by Sri Lanka to upgrade tourism and facilities in Lumbini?</strong></span></div> <div> Sri Lanka and Nepal signed the Agreement on Cultural Cooperation in 1999,to expand their cultural relationship further. Sri Lanka has agreed to assist Nepal in heritage management and proposed to establish a course on Culture and Heritage Studies at a university in Nepal.</div> <div> </div> <div> Support has been extended for Nepali students to study Therawada Buddhismin Sri Lanka. Sri Lanka re-establishment of Therawada Buddhism in Nepal. In 1992 a pilgrims resting place, “Dutugemunu Pilgrim Rest,” was established for in Lumbini for the Sri Lankan devotees. This wasrenovated in 2012 to accommodate over 135 visitors. A bridge close to Lanka Ramaya temple at gate no. 4 of the Maya Devi Temple was constructed to making it easy for visiting the temple. Adding to, the road near the Sri Lankan Temple, which is shortest access to Mayadevi Temple, was widened. The Sri Lankan Government spent SLRS 90 million on all these projects to facilitate Sri Lankan tourists visit to Lumbini.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>There has been an air service agreement between the two nations for more than 25 years, which was upgraded recently as well. What is its status and what are the benefits of having fifth freedom rights for Sri Lankan airlines?</strong></span></div> <div> Bilateral Air Service Agreement was signed during H.E. the President’s last visit to Nepal in March 2009. Lack of direct air connectivity between the two countries is one of the major barriers in promoting trade.</div> <div> </div> <div> Code Sharing Basis will facilitate both Sri Lankan and Nepali airlines, to travel to each other’s countries. The fifth freedom right will enable Sri Lankan airlines to get passengers of other destination as well. Sri Lankan government would like to commence air connectivity in the near future and discussions in this regard are being held.</div> <div> </div> <div> Joint Economic Commission between the two nations was formed a few years earlier. What roadmap and outcome you see of the same in the next two years?</div> <div> We signed the MOU on Nepal – Sri Lanka Joint Commission in March 2009. Both countries have agreed to hold the first Joint Economic Commission meeting in Sri Lanka. We hope to conduct annual Joint Economic Commissions meet in each other’s capital.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Sri Lanka has a small population, history of civil war, and difficulties in its relations with neighbours, much like Nepal. What suggestions you have for the building of new Nepal, in light of the Sri Lankan nation-building and development experience? </strong></span></div> <div> Sri Lanka’s population is 21 million. There was no civil war in Sri Lanka but a terrorist war. Beginning on 23 July 1983, there was an insurgency against the government forces by the Liberation Tigers of Tamil Eelam [LTTE] which fought to create a separate and independent Tamil state called Tamil Eelam . 12% of the population demanded 2/3 of Coastal area and 1/3 of the total Area of the country. Government’s main policy was ‘One Country and One Nation’. After a 30 year military campaign, the Sri Lankan military defeated the Tamil Tigers in May 2009, ending the terrorist war. </div> <div> </div> <div> For over 30 years, this terrorist war caused significant hardships for the population, environment and the economy of the country. An estimated 40,000 people were killed during the war but Sri Lanka was able to sustain over 6% economic growth rate.</div> <div> </div> <div> During the conflict period, the Sri Lanka government was able to attract Foreign Direct Investment that prioritized infrastructure development. For nation building, President of Sri Lanka requested all political parties to join hands with the government to overcome national problems. This succeeded in 2009. All political parties supported the government for boosting national economy by forgetting their political differences. As a result, Sri Lanka has positive indicators. </div> <div> </div> <div> I wish the newly elected member of the Constituent Assembly of Nepal could get together and join hands for the formation of a stable government and serve the people of this beautiful country.</div> </div> </div> <p> </p>', 'published' => true, 'created' => '2014-02-20', 'modified' => '2014-02-20', 'keywords' => 'new business age bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal, current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events, o', 'description' => 'Diplomatic relations between Nepal and the Democratic Socialist Republic of Sri Lanka established 57 years ago on 1st of July, 1957. Both the Countries are bound by warm and friendly economic, cultural and political relations.', 'sortorder' => '2483', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '2541', 'article_category_id' => '79', 'title' => 'Thai-Nepal Relationship To Promote Prosperity Mutually', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> </div> <div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <div> <img alt="Thailand" src="/userfiles/images/br4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 408px;" />Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.</div> <div> </div> <div> Nepal and Thailand have been bound by similarity of culture and shared values. There is very good friendship, goodwill and understanding between the two countries.</div> <div> </div> <div> Since the establishment of diplomatic relations, in addition to other cooperation between Nepal and Thailand, Thailand has been providing a number of short-term and long-term scholarships for Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under the Technical Cooperation scheme among Developing Countries through Thailand International Cooperation Agency (TICA) and other cooperation schemes.</div> <div> </div> <div> In order to foster economic cooperation between the two countries, a Joint Working Group at the level of Foreign Secretaries was established for the first time in 1984. The first meeting of the Joint Working Group was held in Kathmandu in 1986. The Joint Working Group was upgraded to Joint Commission in 1990 at the Foreign Secretary level. The Joint Commission has been coordinating cooperative relations between the two countries. The first meeting of the Joint Commission took place in 1990 in Thailand and the Second one in Kathmandu in 1996. A meeting of the Joint Commission is held regularly as scheduled by both countries. Joint Commission focuses on exploring the possibilities to further expand bilateral cooperation in the areas of trade, foreign investment, Tourism, civil aviation, and culture.</div> <div> </div> <div> Since the establishment of Nepal Thailand diplomatic relations, the overall relations between two countries have always been excellent, and based on mutual trust, respect and understanding. They have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div> <div> </div> <div> <img alt="About Thailand" src="/userfiles/images/br2%20(Copy)(3).jpg" style="width: 550px; height: 462px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 14px;"><strong>Thai Cooperation in Lumbini</strong></span></div> <div> Thai people and Government have tremendous goodwill towards Lumbini, the birthplace of Lord Buddha. The Thai Government has built a Temple of Thai style in Lumbini. The Royal Thai Monastery is located in the vicinity of the birthplace of Lord Buddha at the Lumbini Sacred Garden. The construction has been funded by the Royal Thai Government and the devoted Thai Buddhists followers. The project was initiated to honour the celebration of commemorating the 50th Anniversary of His Majesty King Bhumibol Adulyadej’s accession to the Throne.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Exchange of Visits</strong></span></div> <div> Exchange of visits at high level has played important role in developing mutual understanding between Nepal and Thailand. Contacts at various levels have provided opportunity to exchange views on a range of issues of mutual interest, both bilateral and international. Besides, they have enhanced the prospects for broader political and economic relations.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Bilateral Trade, Tourism and Investment</strong></span></div> <div> Thailand’s experience basically in the field of agriculture, small and medium enterprises and Tourism can be beneficial to Nepal. Nepal Chambers of Commerce and Thai Chambers of Commerce signed a Memorandum of Understanding on May 20, 2004 in Bangkok for promoting bilateral trade and commerce. Thai investment has been realized in manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has become an important tourist market for Nepal in the recent years. A number of Thai people visit Nepal every year, particularly to pay pilgrimage to Lumbini. Many of them also make a tour in other parts to enjoy the scenic and natural beauty of Nepal. There are direct and regular flights operated by both Nepali and Thai airlines linking capitals of Nepal and Thailand, which greatly promote trade and Tourism between the two countries. </div> <div> </div> <div> <img alt="Bilateral Trade" src="/userfiles/images/br%20(Copy)(4).jpg" style="width: 550px; height: 82px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 14px;"><strong>Nepal - Thailand Economic and Technical Cooperation</strong></span></div> <div> Thailand is providing a number of short term and long term scholarships to Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under Colombo Plan and Technical Cooperation scheme among Developing Countries through Thailand International Development Cooperation Agency (TICA).</div> <div> </div> <div> Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas as public health, agriculture, education, tourism and rural development.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Religious and Cultural Cooperation</strong></span></div> <div> Religious and cultural cooperation is also the major aspect of the long standing relationship between Nepal and Thailand. Ninety per cent of Thai people are Buddhist while Nepal is the birthplace of Lord Buddha. Over 50, 000 Thai pilgrims visit Lumbini, the birthplace of Buddha, every year. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>Trade </strong></span></div> <div> Trade relation between Nepal and Thailand is heavily in favour of Thailand. Nepal imports electrical goods, construction materials, clothing, transport and telecommunication goods from Thailand and exports to Thailand consist of handicrafts, woollen carpets and Nepalese paper products. In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years. </div> <div> </div> <div> Nepal’s exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.</div> <div> </div> <div> Nepal can take benefit from Thailand’s experience basically in the field of agriculture, small and medium enterprises and tourism. </div> <div> </div> <div> <span style="font-size: 14px;"><strong><img alt="Tourism" src="/userfiles/images/br1%20(Copy)(6).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 80px;" />Tourism</strong></span></div> <div> About 94% of Thai population is Buddhist. Thousands of Thai people visit Nepal every year for religious purpose and also enjoy natural beauty of Nepal. Thailand has become an important tourist market for Nepal in the recent years. The figure of Thai tourist visiting to Nepal for last four years is as follows:</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Investment</strong></span></div> <div> Thai investment has been realized in the sectors of manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has invested Rs.116.29 Million in 11 different industries creating 1159 jobs for Nepali people. </div> <div> </div> <div> <img alt="Investment" src="/userfiles/images/br3%20(Copy)(3).jpg" style="width: 550px; height: 72px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> </div> <div style="text-align: center;"> <span style="font-size:18px;"><strong>“Nepal is a true friend of Thailand”</strong></span></div> <div> </div> <table align="right" style="margin: 0px 0px 0px 10px;" width="25"> <tbody> <tr> <td> <img alt="Kanthong Unakul, Thai Ambassador to Nepal" src="/userfiles/images/br5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 234px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>Kanthong Unakul</strong></div> <div> Thai Ambassador to Nepal</div> </div> </td> </tr> </tbody> </table> <p> <span style="font-size: 14px;"><strong>Nepal and Thailand have been in diplomatic relations for last fifty-four years, even Ambassadorial presence from 1980. What factors are contributing to this cordial ties between our nations?</strong></span></p> <div> Since assuming the position of Ambassador of Thailand to Nepal for one and half year, I have received many chance to meet many Nepalese counterparts from government, business societies, academics and media. I have found that Nepal is a true friend of Thailand. We are quite similar in terms of culture and religion. We are delighted to work here in Nepal and plan to work closely with Nepali counterparts on various mutually beneficial projects.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What are the salient features of government-to-government relation between Thailand and Nepal in the last two years?</strong></span></div> <div> Our ongoing plans to further support Thailand and Nepal bilateral relationship are the development of the cremation center in Janakpur and construction of the general hospital in Lumbini. When these matters will materialize, they will be another testimony of our strong and bonded relationship. I would like to reaffirm our strong and bonded relationship.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>With Thai cuisine popular in Kathmandu and tourism on both sides being actively participated by the people, what are the main areas of people-to-people relation between Thailand and Nepal?</strong></span></div> <div> We are planning to demonstrate Thai cooking class. This year I would also would like to conduct Thai cooking classes in hotels and other tourist destination to make the Nepali people familiar with real Thai food. This will be helpful for Nepal’s hospitality industry also along with familiarizing Thai cuisines among Nepalis and subsequently increase imports of Thai products from Thailand too. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>There are several areas where Thai-Nepal business collaborations have happened in the past. How active and successful has been the Nepal Thai Chamber of Commerce and Industries?</strong></span></div> <div> We cooperate closely with Nepal Thai Chamber of Commerce and Industries (NTCCI). Next month we are going on a trip to Thailand in my leadership. We will go to see some projects like “One Village One Product”. Along with that the NTCCI group will be visiting Thailand to hold discussions on some projects with their Thai counterparts.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Do you have any ongoing or upcoming projects that specifically focus on Lumbini’s development and in promoting the Buddhist Heritage in Nepal? </strong></span></div> <div> Lumbini does have Lumbini Development Trust so it is a little bit difficult for Thai government to come to help in developing Lumbini. But we have already done some projects in Lumbini. Thai people have donated large sum of money to renovate and develop Maya Devi Temple and its surrounding area. Furthermore, support also has been extended to various Buddhist organizations in Nepal on projects related to Buddhism. These activities are the testimony of strong cultural and religious link between Thailand and Nepal. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>Can you throw some light on global positioning, foreign policy and South-East Asian relations of Thailand?</strong></span></div> <div> Thailand’s foreign policy places priority on the country’s partnership with its immediate neighbours, the Association of Southeast Asian Nations (ASEAN) and the Asian region as a whole. While recognizing the importance of strengthening its ties with existing partners, Thailand continues to deepen and broaden its partnership with countries in other part of the world including Africa, the USA, Europe, Middle East and South Asia. Thailand is now pushing for the integration of the AEAN Community by 2015.</div> <div> </div> <div> Under the “Prosper thy Neighbour” policy, Thailand has continued to assist its neighbours in economic development, which is essential for the realization of ASEAN community. </div> <div> </div> <div> Moreover, Thailand encourages people-to-people contacts with foreign countries and plays a creative role in promoting their national interest in international organizations, especially at the United Nations and regional organizations in order to preserve peace and security, promote democratic process, human rights, humanitarianism, environment and sustainable development, as well as cooperation to address all transnational issues that affect human security.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>How can Nepal benefit from Thailand’s business market? Are there any plans for extending cooperation between both nations further?</strong></span></div> <div> Since the establishment of Thailand-Nepal diplomatic relations, the overall relations between two countries have always been excellent, based on mutual trust, respect and understanding. We have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div> <div> </div> <div> Thailand has become a preferred destination in Asia for tourism, medical services and higher education. We enjoy a strategic location that provides easy access to a longer market of nearly 600 million people, which is expected to gain even more strength when the ASEAN vision of one community materializes in 2015. </div> <div> </div> <div> The ASEAN Economic Community of AEC will create a single market and production base with the population over 600 million of people. It will create new challenges and opportunities for Nepali private sector who are now doing business in Thailand and for those who plan to do business in Thailand in near future. </div> <div> </div> <div> Similarly, Thailand is now promoting MICE (Meetings, Incentives, Conventions and Exhibition) in the country with the aim to invite foreign business group to conduct MICE activities in Thailand and choose it as a preferred destination for such activities. The Thai government is also ready to render its full support to increase the economic cooperation with Nepal.</div> <div> </div> <div> On technical cooperation, Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas such as public health, agriculture, education, tourism and rural development.</div> <div> </div> <div> Moreover, we also extend our support in humanitarian and people to people projects such as free eye screening and cataract surgery for the needy Nepali since 2010 by cooperating with the Royal Thai Monastery in Lumbini and Youth Eye Service, a Nepali charitable organization as well as donation to various Nepali social organizations.</div>', 'published' => true, 'created' => '2014-01-28', 'modified' => '2014-02-08', 'keywords' => 'new business age bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal, current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events, o', 'description' => 'Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.', 'sortorder' => '2385', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1067', 'article_category_id' => '79', 'title' => 'Moroccan Promise', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> <strong>By Sushila Budhathoki</strong></p> <p> With the main trade partners mostly in Europe, Morocco is spreading its business all over the world as the late king of Morocco, Hassan II once said, “Morocco is like a tree, which has its roots in Africa and its branches in Europe.” As a trader, exporter of manufactured and agricultural products and a tourism destination, Morocco has turned out to be an emerging economy of North Africa. </p> <p> Morocco, a constitutional monarchy with an elected parliament, shares common interest in the AMU (Arab Maghreb Union), a regional grouping of five North African countries namely Algeria, Libya, Mauritania, Morocco and Tunisia. According to Maghreb Markets, a magazine by Afro Asian Business Chronicle, the country is opting for greater economic integration into the world economy and contributing to the consolidation of the multilateral trading system. For this, it has adopted a policy of economic and financial openness, aiming at strengthening the liberalization of foreign trade since the early 1990s. France has been the main import and export partner of Moroccan trade (22.5%) followed by other partners Spain (16.9%), India (6.1%), Italy (4.5%) and United States (1.3%). Morocco has free trade agreements to a market of 55 countries that represent more than one billion consumers and 60% of world GDP. </p> <p> Morocco has strong and stable macroeconomic performances. Agriculture, phosphates and tourism are the major resources of the Moroccan economy followed by industry, mining and sales of fish and seafood. The Moroccan agriculture sector which contributes 19% of the GDP also employs more than 4 million rural inhabitants creating approximately 100,000 jobs in the agro- industry sector. The country is the largest recipient of foreign investment in North Africa and is looking for expansion in ties to include more joint ventures from all around the world. According to the United Nations Conference on Trade and Development (UNCTAD), it received USD 18 billion FDI between 2000 and 2009 mainly in fertilizer and minerals. The industry, solar energy, wind energy, agriculture, fishing industry, retail and information communication and technology are the major sectors open for investment in Morocco. </p> <p> <strong>Nepal- Morocco Friendship</strong></p> <p> There has been very little progress in promoting economy, trade, culture and fewer efforts in enhancing people to people relations between Morocco and Nepal despite setting up diplomatic ties in 1975. The recent visit by Larbi Reffouh, Moroccan Ambassador to Nepal (who resides in New Delhi) to present the letter of credential to the President of Nepal on first May is expected to enhance friendship ties with Nepal. Larbi is also the Ambassador to the Bhutan, and according to him, his posting in India is a choice posting. According to Moroccan Consulate office in Nepal, Larbi, during his visit proposed for short-term as well as long-term trainings to the government officials without any financial obligations to the government of Nepal and allocation of scholarship quota for at least 15 graduate level technical educations in the field of Engineering, Medicines etc. Furthermore, he also officially requested the Chairman of Council of Ministers and the Minister of Foreign Affairs Nepal to visit the Kingdom of Morocco at their convenient times. </p> <p> <img alt="Facts and figures about Morocco" height="418" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_facts_and_figures.jpg" style="float:right; margin:0 0 0 10px;" width="371" />Similarly, a high level Nepali business delegation is planning to visit Morocco to explore the possibilities of trade and business between these two countries. After the return of Nepali business delegation from Morocco, Moroccan business delegation is planned to be in Nepal for the same purpose. A socio-cultural delegation is also planning to visit the Kingdom of Morocco to boost cultural relations and people to people relations between Nepal and the Kingdom of Morocco. The ambassador also expressed Morocco’s interest to supply fertilizers to Nepal. The Kingdom is the second largest producer and the largest exporter of fertilizers in the world.</p> <p> Both Nepal and Morocco are member of UN and partners of non-aligned campaign. Santosh Kumar Tiberawala was appointed as consul of the Kingdom of Morocco to Nepal on November 27, 2000. Basant K. Chaudhary, Managing Director of Chaudhary Group was appointed as consul on Norvember 26, 2007 and was promoted to Consul General in May, 2013. The Nepali Embassy in Cairo oversees the diplomatic relations of Nepal with Morocco. </p> <p> Nepal’s trade with Morocco has been limited as investors from both of the countries have less interaction in high level. The data from Nepal Trade and Export Promotion Centre (TEPC) shows decrease in the trade between the two countries. According to the data provided by TEPC, only 161 pieces of works of art, collector’s pieces and antiques worth Rs 257,690 were exported to Morocco between January 2012 and January 2013. The earlier export included products like dying extracts, dyes, pigments and other coloring matter, paints and varnishes, inks and carpets and other textile floor coverings among few others. Similarly, Nepal mainly imported fertilizers and rubber from Morocco before 2012. There is no import from Morocco between January 2012 and January 2013. </p> <p> <img alt="Nepal-Morocco Trade" height="198" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_nepal_morocco_trade.jpg" width="580" /></p> <p> Moroccans are not among the regular tourist groups who come to Nepal for celebrating their vacation. According to Department of Immigration, Nepal, hardly 171 tourists were from Morocco who visited Nepal in 2012. On the other hand, Morocco, with 70 new tourist destinations, is becoming a growing tourism destination in the world. According to Maghreb Markets, around 9.3 million tourists visited Morocco in 2010. </p> <hr /> <p> </p> <p> <strong>‘There is an untapped potential to strengthen our economic and trade ties’</strong></p> <p> <strong><img alt="H. E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India and Nepal" height="400" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_ambassador_larbi_reffouh.jpg" style="float:left; margin:0 10px 0 0;" width="250" />How do you see the significance of your visit to Nepal?</strong></p> <p> The purpose of this visit is to present my credentials to His Excellency Dr Ram Baran Yadav, the President of the Republic of Nepal, as Ambassador extraordinary and plenipotentiary of the Kingdom of Morocco to Nepal, with a residence in New Delhi. </p> <p> This visit also was a good opportunity to hold several meetings with the Prime Minister, some members of the Government and senior officials from the Ministry of Foreign Affairs, in order to discuss a gamut of bilateral and international issues of mutual interest. All the contacts and interactions I have had during my visit are very positive and promising about the future of relations between Morocco and Nepal. </p> <p> <strong>What are the possibilities for economic and trade cooperation between Nepal and Morocco?</strong></p> <p> The diplomatic relations between Morocco and Nepal were established in 1975. Both countries have always enjoyed cordial, friendly and excellent political relations. This could be reflected by our work together and our coordinated efforts and positions on several international issues, either within or outside the United Nations. </p> <p> Our bilateral trade record remains below our common ambitions and expectations. There is for sure an untapped potential to strengthen our economic and trade ties. In this regard, both governments are currently considering the signing of a Memorandum of Understanding between the Ministries of Foreign Affairs, which will be a cornerstone for the creation of a global legal framework to conceive and promote different “win-win” partnerships and projects in order to take our relationship to the next level, especially in the economic field. </p> <p> <strong>Can you please tell us the major sectors for cooperation between the two countries?</strong></p> <p> I believe we should target and focus on some key economic sectors. For instance, we have developed in Morocco a modern, competitive and export-oriented agriculture. Since we do really have an internationally recognized expertise and know how in this field, we are ready to share this experience with our Nepali friends, particularly in terms of modern irrigation techniques and human resource development. </p> <p> With regards to tourism, we have realized significant achievements over the last few years as Morocco has succeeded in positioning itself one of the world’s fast-growing tourism destinations, attracting over 12 million tourists a year. This achievement can be simply attributed to an ambitious strategy, dubbed “Vision 2020”, through developing state-of-the-art tourism-related infrastructure, including building new hotels and resorts, as well as investing in training human capital. Thus, we can look at the existing potential for initiating specific cooperation in this sector.</p> <p> Another sector that could be central for our future cooperation is higher education. Just to give you an idea, Morocco provide annually more than 1600 scholarships in favor of foreign students. Today, we have over 7000 students from over 48 countries to study in our universities and higher institutes. So, we will seriously consider the possibility of providing scholarships for Nepalese students to pursue their studies in Moroccan universities. I personally believe that if we succeed on this particular front, it will inevitably contribute to further promotion of people-to-people contacts.</p> <p> <strong>What should Nepali government do to attract investment from Morocco?</strong></p> <p> I would like to emphasize that Moroccan investors are present overseas, primarily in Africa in areas such as banking, telecoms, housing and infrastructure. I can assure you that this economic presence is expanding and deepening thanks to the various opportunities existing in African countries and indeed to the capital and expertise offered by Moroccan companies. Since investors are guided by profit and better business environment, the Moroccan private sector is open and ready to explore other horizons and seek new opportunities, even here in Nepal. But this is the main responsibility of your government and business community, by engaging in some promotional and marketing activities, in order to attract Moroccan investments to Nepal, probably by looking at the possibility of establishing “joint-ventures” in specific sectors, like agriculture and tourism.</p> <p> <strong>Agriculture is one of the important contributors in Moroccan economy. How can Nepal get benefit from Morocco?</strong></p> <p> Morocco is ready to share its expertise with Nepal in the field of agriculture and irrigation. Morocco initiated in 2008 a revolutionary program by investing, with the involvement of the private sector, in the modernization and development of our agriculture, and in promoting its international competitiveness. The adoption of this policy stems from the fact that agriculture is the major employer of our workforce, especially in rural areas, and it is one of main contributors to our GDP. We are now starting to reap the fruits of this ambitious strategy, either in terms of increasing output and improving global competitiveness. Having said that, we are ready to share the expertise we have developed so far in this sector with Nepal. We can offer training programs in favor of Nepali students in specific areas, such as irrigation techniques, agribusiness and veterinary. </p> <p> <strong>Can you please describe us the prospect of export-import business between two countries?</strong></p> <p> We do export so many things, from agricultural products to industrial items and very recently we have started exporting cars to the regional markets. In fact, we are one of the leading exporters of phosphate in the world. And nobody can ignore the importance of this commodity as an essential component for agricultural development and food security. As an example, we are a major exporter of phosphate and fertilizers to your immediate neighbour. I think it’s time to see if we can do the same with Nepal, to participate concretely with your country in its efforts for the development of your agricultural sector and achieving your food security.</p>', 'published' => true, 'created' => '2013-06-07', 'modified' => '2013-07-15', 'keywords' => 'H. E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India and Nepal, Bilateral Relations, New Business Age', 'description' => 'Morocco has adopted a policy of economic and financial openness, aiming at strengthening the liberalization of foreign trade since the early 1990s.', 'sortorder' => '938', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falseinclude - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
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Relations between the two countries are marked by goodwill, mutual understanding and cooperation. </div> <div> </div> <div> Nepal opened an Honorary Consulate General in Colombo in 1975 and established its embassy in 1995. Sri Lanka has a residential embassy in Kathmandu since 1993. Nepal and Sri Lanka are the founder members of the South Asian Association for Regional Cooperation (SAARC) and are also the members of another regional organization called Bay of Bengal Initiatives for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC). Both countries share similar views on many international issues and work closely in various international forums such as the UN, NAM, WTO, etc.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Trade and Commercial Relations</strong></span></div> <div> Nepal and Sri Lanka concluded bilateral trade agreement on 3 April 1979. Despite this agreement, trade between the two countries is not up to the desired level due to, among other things, higher cost of transportation, lack of conducive environment for business, lack of interests on the part of business people etc.</div> <div> </div> <div> <strong><span style="font-size: 16px;">Nepal’s Trade with Sri Lanka</span></strong></div> <div> Sri Lankas’ major exports to Nepal are cocoa and cocoa preparations, coffee, tea, spices, electrical machinery and equipment, parts of sound recorders and reproducers, television, cereal preparations, flour, starch or milk pastry cooking products, sugar and sugar confectionery, miscellaneous edible preparations, apparel articles and clothing accessories- knitted or crocheted , edible vegetables, certain roots and tubers and so on.</div> <div> </div> <div> Sri Lanka’s major imports from Nepal are grains (lentils). Other import items, though insignificant, are plastic articles, articles of wood charcoal , carpets and other floor coverings, art work, collectors' pieces and antiques, electrical machinery and equipment and parts of sound recorders and reproducers, television, printed books, newspapers, pictures and products related to the printing industry, manuscripts, raw hides, skins (other than fur skins), leather and so on.</div> <div> </div> <div> The trade figure for the past four years between Nepal and Sri Lanka has been as follows:</div> <div> </div> <div> <img alt="Nepal’s Trade with Sri Lanka" src="/userfiles/images/br1%20(Copy)(7).jpg" style="width: 550px; height: 408px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Tourists from Sri Lanka</strong></span></div> <div> Lumbini is one of the holiest destinations to the Sri Lankan Buddhists. Sri Lankan government has been reiterating its support to Nepal’s efforts to further develop Lumbini as a City of World Peace. Sri Lanka has constructed rest house for Sri Lankan Buddhist pilgrims and a Monastery Complex in Lumbini. </div> <div> </div> <div> <img alt="Tourist Arrival to Nepal from Sri Lanka" src="/userfiles/images/br2%20(Copy)(4).jpg" style="width: 550px; height: 413px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Air Services Agreement </strong></span></div> <div> With the aim to increase tourists flow from either country through direct air connectivity between Kathmandu and Colombo, Nepal and Sri Lanka had signed an Air Services Agreement (ASA) on 19 February 1977. On 23 November 2004, a new Memorandum of Understanding (MOU) was signed by both nations in Colombo for reviewing and replacing the previous agreement. The Air Service Agreement and additional MOU on increasing the air seats and providing fifth freedom rights to Sri Lankan airlines was agreed at the negotiations held during 22-24 January 2009, in Kathmandu. </div> <div> </div> <div> <img alt="TidBits" src="/userfiles/images/br3%20(Copy)(4).jpg" style="width: 550px; height: 342px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 16px;"><strong>Joint Venture </strong></span></div> <div> In the 1990’s the Sri Lankan Bank of Ceylon opened a joint venture bank in Nepal. However the Sri Lankan bank withdrew later due to what they call as unfavourable circumstances. Presently some commercial banks operate between the two countries. Commercial Bank of Ceylon, Sri Lanka and some of Nepal’s private sector bank have close links. In October, 2013 delegation of Commercial Bank of Ceylon, Sri Lanka visited Nepal. Nepal Sri Lanka Chamber of Commerce has been established for easing joint ventures and trade between both nations. Nepali investors have invested over $ 200 million in Sri Lanka’s hotel and leisure sector like the Hotel Taj Samundra and Grand Oriental Hotel. Binod Chaudhary of Chaudhary Group is planning to invest US $ 100m for setting up cement plant and some leisure projects in coastal area of Sri Lanka. </div> <div> </div> <div> <span style="font-size: 16px;"><strong>Joint Economic Commission</strong></span></div> <div> Nepal and Sri Lanka has signed an Agreement on March 2-4, 2009 to establish Joint Economic Commission to be led by the Foreign Ministers of both countries. The agreement contains provisions for cooperation in areas of trade, finance, agriculture, industry, development of infrastructure, science and technology, investment and other matters mutually agreed upon. The first meeting of JEC is to be held in Colombo.</div> <div> </div> <div> <span style="font-size: 16px;"><strong>Exchange of Visits</strong></span></div> <div> Exchange of high-level visits from both sides at various levels has contributed in elevating existing bilateral relations to new heights and have proved highly productive for creating an conducive atmosphere for upgrading mutual trade and commercial relations.</div> <div> </div> <div> <img alt="Highlights of Nepal- Sri Lanka Relation" src="/userfiles/images/br4%20(Copy)(1).jpg" style="width: 550px; height: 565px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div style="text-align: center;"> <hr /> <p> <strong style="font-size: 18px;">“We are entering into tourism cooperation with Nepal”</strong></p> </div> <div> <div> </div> <div> <table align="right" style="margin: 0px 0px 0px 10px;" width="25"> <tbody> <tr> <td> <img alt="W.M. Senevirathna, Ambassador of Sri Lanka to Nepal" src="/userfiles/images/br1a1%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 233px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>W.M. Senevirathna</strong></div> <div> <em>Ambassador of Sri Lanka to Nepal</em></div> </div> </td> </tr> </tbody> </table> <div> <span style="font-size: 14px;"><strong>How is your experience in diplomatic career? </strong></span></div> <div> I have come to serve in Nepal, one of the world’s beautiful landmass filled with hospitable and friendly people. Sri Lanka and Nepal both have lot of similarities like culture, religion, food, friendliness and hospitability. I joined government service first as a graduate teacher in 1979 in Vidumina Piriven College, Kandy and joined the Sri Lanka Foreign Service as an Assistant Director at the Ministry of Foreign Affairs, Colombo in 1985. Since then, I have worked in ten Sri Lankan diplomatic missions including West Germany, Pakistan, Malaysia, Lebanon, USA, Canada, and Iraq. I have served as Sri Lankan ambassador to the Philippines, Israel and Nepal. </div> <div> </div> <div> Apart from this I have worked at the Ministry of External Affairs of Sri Lanka for a short period. I was the Vice Chairman (2006) and Chairman (2007) of the Governing Board of the Colombo Plan Staff College for Technician Education (CPSC) in Manila. I have represented Sri Lanka in various regional and international conferences such as South Asian Association for Regional Conferences [SAARC], World Bank, International Natural Rubber Organization [INRO] and Asian Regional Forum [ARF]. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>You have been in Nepal for nearly a year now. How are your impressions? </strong></span></div> <div> During this time I have met and interacted with Nepal’s senior government officials, politicians, diplomats, and businessmen and exchanged views at various levels. Within this one-year tenure, many high level delegations from Sri Lanka have visited Nepal, especially Lumbini. </div> <div> </div> <div> Nepal is such a beautiful country filled with lots of historical sites, mountains, and other natural resources. During my stay here, I have travelled to different parts of this country; Pokhara, Lumbini, Chitwan. I have trekked from Nagarkot to Dhulikhel and done rafting in Trishuli and Dolalghat. I have visited Chitlang and had an opportunity to interact with the friendly people of the village. I have also visited historical places such as Bhaktapur, Durbar Square that have masterpieces of skilful architecture, sculptures, and well-preserved ancient monuments that represent the living cultural heritage of Nepal. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>How do you evaluate the last elections and where do you see the country heading to next? How will the polls and the outcome affect regional peace and stability and Nepal’s relations with Sri Lanka?</strong></span></div> <div> The Constituent Assembly election held on 19th November 2013 was a new step towards the development of the country. The election was conducted in a very peaceful environment and was appreciated by local and foreign observers. Asian Network for Free Elections [ANFREL], Carter Foundations and other observers from different countries took part. The Nepali government had invited SAARC observers to visit and observe the election. Two delegations from the Sri Lankan Election Commission had observed the election. Out of the total 12.1 million population, 9.4 million people casted votes. It is a turnout of 78%, which is very high. As the election was a success, the constitution of Nepal can be finalized.</div> <div> </div> <div> As a representative of the Sri Lankan Government, we respect Nepali people’s mandate. Political stability will enhance peace and socio economic development of a country. Nepal Stock market Index NEPSE passed 700 points after the election. This reflected investors confidence in the government.</div> <div> </div> <div> Benefits of the election include inflow of Foreign Direct Investments [FDI] and representation in regional and international conferences, such as hosting the SAARC Summit in the coming year.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Despite signing bilateral trade agreement in 1979, business between the two nations is quite low, less than 2 billion NRs in the last financial year [exports and imports together]. Why still insignificant?</strong></span></div> <div> Trade between the two countries has remained at a low level. The Sri Lankan and the Nepali government have taken important steps in the economic and tourist sectors with an aim to increase the volume of bilateral trade, investment and tourism. Various issues have limited bilateral trade between both countries. Limitations include the high cost of transportation and lack of direct air connectivity. These limitations have limited the volume of import and export. Both countries produce and export the same crops and commodities. However, Sri Lanka imports carpets, woollen clothes and lentils from Nepal and exports cocoa, cocoa preparations, table and kitchenware, tea, gem and jewellery to Nepal</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What specific measures do you suggest for enhancing the business relations and total value and volume of business between the two nations?</strong></span></div> <div> The total value and volume of trade between the two nations is not satisfactory due to the various reasons. Primarily we would like to have direct air connectivity and an exchange of business delegations to attend trade fairs. Recommending each other to attend trade fairs business forums in each other’s capital will help to interact and promote business.</div> <div> </div> <div> I am pleased to announce that the Chaudhary Group, Nimbus, Youth Entrepreneurs, and Sagarmatha Insurance have already taken steps in this regard. They have visited Sri Lanka and taken part in business forums to extend their business. Similarly, various Sri Lankan companies are taking part in Nepali trade fairs to expand their business here.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Arrival of Sri Lankan tourists to Nepal, especially to Lumbini, has crossed 75,000 a year. What trends and numbers you expect in near future? How can Nepal tourism be promoted in Sri Lanka?</strong></span></div> <div> As you are perhaps aware, 70% of the Sri Lankan population is Buddhists. Being Buddhist, they would like to see the birthplace of Prince Siddhartha, “Gautam Buddha” with the excavation at the Mayadevi Temple, Lumbini. Sri Lankan visitors are keen to visit Lumbini, Nepal and want to experience the beauty Nepal offers.</div> <div> </div> <div> We are in a process to enter into tourism cooperation agreement with the Nepali government so that it will be easy for Sri Lankan tourist to visit Lumbini.</div> <div> </div> <div> Through tailored tour packages to Lumbini and historical Buddhist places, Nepal can attract Sri Lankan and other nation tourists. More than 5000 Sri Lankan tourist visit to Kathmandu by air and I would like to inform that Sri Lanka Tourist are the number one travellers to Lumbini. If tour packages and facilities are provided, we hope to see the numbers exceed 1000,000.</div> <div> </div> <div> The Sri Lankan Embassy in Nepal with support of Sri Lanka Tourism Promotion Bureau is arranging a familiarization tour to Sri Lanka for Nepal Tour Operator Association in 2014. I think Nepal should prepare some awareness programme, for example tour packages and other facility to attract Sri Lanka tourists.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What are the initiatives taken by Sri Lanka to upgrade tourism and facilities in Lumbini?</strong></span></div> <div> Sri Lanka and Nepal signed the Agreement on Cultural Cooperation in 1999,to expand their cultural relationship further. Sri Lanka has agreed to assist Nepal in heritage management and proposed to establish a course on Culture and Heritage Studies at a university in Nepal.</div> <div> </div> <div> Support has been extended for Nepali students to study Therawada Buddhismin Sri Lanka. Sri Lanka re-establishment of Therawada Buddhism in Nepal. In 1992 a pilgrims resting place, “Dutugemunu Pilgrim Rest,” was established for in Lumbini for the Sri Lankan devotees. This wasrenovated in 2012 to accommodate over 135 visitors. A bridge close to Lanka Ramaya temple at gate no. 4 of the Maya Devi Temple was constructed to making it easy for visiting the temple. Adding to, the road near the Sri Lankan Temple, which is shortest access to Mayadevi Temple, was widened. The Sri Lankan Government spent SLRS 90 million on all these projects to facilitate Sri Lankan tourists visit to Lumbini.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>There has been an air service agreement between the two nations for more than 25 years, which was upgraded recently as well. What is its status and what are the benefits of having fifth freedom rights for Sri Lankan airlines?</strong></span></div> <div> Bilateral Air Service Agreement was signed during H.E. the President’s last visit to Nepal in March 2009. Lack of direct air connectivity between the two countries is one of the major barriers in promoting trade.</div> <div> </div> <div> Code Sharing Basis will facilitate both Sri Lankan and Nepali airlines, to travel to each other’s countries. The fifth freedom right will enable Sri Lankan airlines to get passengers of other destination as well. Sri Lankan government would like to commence air connectivity in the near future and discussions in this regard are being held.</div> <div> </div> <div> Joint Economic Commission between the two nations was formed a few years earlier. What roadmap and outcome you see of the same in the next two years?</div> <div> We signed the MOU on Nepal – Sri Lanka Joint Commission in March 2009. Both countries have agreed to hold the first Joint Economic Commission meeting in Sri Lanka. We hope to conduct annual Joint Economic Commissions meet in each other’s capital.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Sri Lanka has a small population, history of civil war, and difficulties in its relations with neighbours, much like Nepal. What suggestions you have for the building of new Nepal, in light of the Sri Lankan nation-building and development experience? </strong></span></div> <div> Sri Lanka’s population is 21 million. There was no civil war in Sri Lanka but a terrorist war. Beginning on 23 July 1983, there was an insurgency against the government forces by the Liberation Tigers of Tamil Eelam [LTTE] which fought to create a separate and independent Tamil state called Tamil Eelam . 12% of the population demanded 2/3 of Coastal area and 1/3 of the total Area of the country. Government’s main policy was ‘One Country and One Nation’. After a 30 year military campaign, the Sri Lankan military defeated the Tamil Tigers in May 2009, ending the terrorist war. </div> <div> </div> <div> For over 30 years, this terrorist war caused significant hardships for the population, environment and the economy of the country. An estimated 40,000 people were killed during the war but Sri Lanka was able to sustain over 6% economic growth rate.</div> <div> </div> <div> During the conflict period, the Sri Lanka government was able to attract Foreign Direct Investment that prioritized infrastructure development. For nation building, President of Sri Lanka requested all political parties to join hands with the government to overcome national problems. This succeeded in 2009. All political parties supported the government for boosting national economy by forgetting their political differences. As a result, Sri Lanka has positive indicators. </div> <div> </div> <div> I wish the newly elected member of the Constituent Assembly of Nepal could get together and join hands for the formation of a stable government and serve the people of this beautiful country.</div> </div> </div> <p> </p>', 'published' => true, 'created' => '2014-02-20', 'modified' => '2014-02-20', 'keywords' => 'new business age bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal, current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events, o', 'description' => 'Diplomatic relations between Nepal and the Democratic Socialist Republic of Sri Lanka established 57 years ago on 1st of July, 1957. Both the Countries are bound by warm and friendly economic, cultural and political relations.', 'sortorder' => '2483', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 1 => array( 'Article' => array( 'id' => '2541', 'article_category_id' => '79', 'title' => 'Thai-Nepal Relationship To Promote Prosperity Mutually', 'sub_title' => '', 'summary' => null, 'content' => '<div> </div> <div> </div> <div> <strong>--By Suraksha Adhikari</strong></div> <div> </div> <div> <img alt="Thailand" src="/userfiles/images/br4%20(Copy).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 408px;" />Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.</div> <div> </div> <div> Nepal and Thailand have been bound by similarity of culture and shared values. There is very good friendship, goodwill and understanding between the two countries.</div> <div> </div> <div> Since the establishment of diplomatic relations, in addition to other cooperation between Nepal and Thailand, Thailand has been providing a number of short-term and long-term scholarships for Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under the Technical Cooperation scheme among Developing Countries through Thailand International Cooperation Agency (TICA) and other cooperation schemes.</div> <div> </div> <div> In order to foster economic cooperation between the two countries, a Joint Working Group at the level of Foreign Secretaries was established for the first time in 1984. The first meeting of the Joint Working Group was held in Kathmandu in 1986. The Joint Working Group was upgraded to Joint Commission in 1990 at the Foreign Secretary level. The Joint Commission has been coordinating cooperative relations between the two countries. The first meeting of the Joint Commission took place in 1990 in Thailand and the Second one in Kathmandu in 1996. A meeting of the Joint Commission is held regularly as scheduled by both countries. Joint Commission focuses on exploring the possibilities to further expand bilateral cooperation in the areas of trade, foreign investment, Tourism, civil aviation, and culture.</div> <div> </div> <div> Since the establishment of Nepal Thailand diplomatic relations, the overall relations between two countries have always been excellent, and based on mutual trust, respect and understanding. They have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div> <div> </div> <div> <img alt="About Thailand" src="/userfiles/images/br2%20(Copy)(3).jpg" style="width: 550px; height: 462px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 14px;"><strong>Thai Cooperation in Lumbini</strong></span></div> <div> Thai people and Government have tremendous goodwill towards Lumbini, the birthplace of Lord Buddha. The Thai Government has built a Temple of Thai style in Lumbini. The Royal Thai Monastery is located in the vicinity of the birthplace of Lord Buddha at the Lumbini Sacred Garden. The construction has been funded by the Royal Thai Government and the devoted Thai Buddhists followers. The project was initiated to honour the celebration of commemorating the 50th Anniversary of His Majesty King Bhumibol Adulyadej’s accession to the Throne.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Exchange of Visits</strong></span></div> <div> Exchange of visits at high level has played important role in developing mutual understanding between Nepal and Thailand. Contacts at various levels have provided opportunity to exchange views on a range of issues of mutual interest, both bilateral and international. Besides, they have enhanced the prospects for broader political and economic relations.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Bilateral Trade, Tourism and Investment</strong></span></div> <div> Thailand’s experience basically in the field of agriculture, small and medium enterprises and Tourism can be beneficial to Nepal. Nepal Chambers of Commerce and Thai Chambers of Commerce signed a Memorandum of Understanding on May 20, 2004 in Bangkok for promoting bilateral trade and commerce. Thai investment has been realized in manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has become an important tourist market for Nepal in the recent years. A number of Thai people visit Nepal every year, particularly to pay pilgrimage to Lumbini. Many of them also make a tour in other parts to enjoy the scenic and natural beauty of Nepal. There are direct and regular flights operated by both Nepali and Thai airlines linking capitals of Nepal and Thailand, which greatly promote trade and Tourism between the two countries. </div> <div> </div> <div> <img alt="Bilateral Trade" src="/userfiles/images/br%20(Copy)(4).jpg" style="width: 550px; height: 82px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <span style="font-size: 14px;"><strong>Nepal - Thailand Economic and Technical Cooperation</strong></span></div> <div> Thailand is providing a number of short term and long term scholarships to Nepalese students in medicine, engineering, economics, communication, agriculture and other areas under Colombo Plan and Technical Cooperation scheme among Developing Countries through Thailand International Development Cooperation Agency (TICA).</div> <div> </div> <div> Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas as public health, agriculture, education, tourism and rural development.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Religious and Cultural Cooperation</strong></span></div> <div> Religious and cultural cooperation is also the major aspect of the long standing relationship between Nepal and Thailand. Ninety per cent of Thai people are Buddhist while Nepal is the birthplace of Lord Buddha. Over 50, 000 Thai pilgrims visit Lumbini, the birthplace of Buddha, every year. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>Trade </strong></span></div> <div> Trade relation between Nepal and Thailand is heavily in favour of Thailand. Nepal imports electrical goods, construction materials, clothing, transport and telecommunication goods from Thailand and exports to Thailand consist of handicrafts, woollen carpets and Nepalese paper products. In terms of import trade, Thailand is one of the largest partners for Nepal, accounting to around 5 percent of the total trade. Over 80 different varieties of merchandize ranging from palm oil products, processed food to rubber products to motor vehicles, their parts and industrial goods are imported into Nepal. There has been a surge in the import trade from Thailand in the recent years. </div> <div> </div> <div> Nepal’s exports to Thailand, though very small now, show some prospect for growth. Possible areas for further exploration can be hides and skin, Himalayan herbs and herbal products, handicrafts, garments, jewellery, precious and semi-precious stones etc.</div> <div> </div> <div> Nepal can take benefit from Thailand’s experience basically in the field of agriculture, small and medium enterprises and tourism. </div> <div> </div> <div> <span style="font-size: 14px;"><strong><img alt="Tourism" src="/userfiles/images/br1%20(Copy)(6).jpg" style="float: right; margin: 0px 0px 0px 10px; width: 250px; height: 80px;" />Tourism</strong></span></div> <div> About 94% of Thai population is Buddhist. Thousands of Thai people visit Nepal every year for religious purpose and also enjoy natural beauty of Nepal. Thailand has become an important tourist market for Nepal in the recent years. The figure of Thai tourist visiting to Nepal for last four years is as follows:</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Investment</strong></span></div> <div> Thai investment has been realized in the sectors of manufacturing, production of mineral water, hotel business, restaurant, etc. Thailand has invested Rs.116.29 Million in 11 different industries creating 1159 jobs for Nepali people. </div> <div> </div> <div> <img alt="Investment" src="/userfiles/images/br3%20(Copy)(3).jpg" style="width: 550px; height: 72px; margin-left: 10px; margin-right: 10px;" /></div> <div> </div> <div> <hr /> </div> <div style="text-align: center;"> <span style="font-size:18px;"><strong>“Nepal is a true friend of Thailand”</strong></span></div> <div> </div> <table align="right" style="margin: 0px 0px 0px 10px;" width="25"> <tbody> <tr> <td> <img alt="Kanthong Unakul, Thai Ambassador to Nepal" src="/userfiles/images/br5%20(Copy).jpg" style="border-width: 0px; border-style: solid; width: 200px; height: 234px;" /></td> </tr> <tr> <td bgcolor="#FFFFFF"> <div align="center"> <div> <strong>Kanthong Unakul</strong></div> <div> Thai Ambassador to Nepal</div> </div> </td> </tr> </tbody> </table> <p> <span style="font-size: 14px;"><strong>Nepal and Thailand have been in diplomatic relations for last fifty-four years, even Ambassadorial presence from 1980. What factors are contributing to this cordial ties between our nations?</strong></span></p> <div> Since assuming the position of Ambassador of Thailand to Nepal for one and half year, I have received many chance to meet many Nepalese counterparts from government, business societies, academics and media. I have found that Nepal is a true friend of Thailand. We are quite similar in terms of culture and religion. We are delighted to work here in Nepal and plan to work closely with Nepali counterparts on various mutually beneficial projects.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>What are the salient features of government-to-government relation between Thailand and Nepal in the last two years?</strong></span></div> <div> Our ongoing plans to further support Thailand and Nepal bilateral relationship are the development of the cremation center in Janakpur and construction of the general hospital in Lumbini. When these matters will materialize, they will be another testimony of our strong and bonded relationship. I would like to reaffirm our strong and bonded relationship.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>With Thai cuisine popular in Kathmandu and tourism on both sides being actively participated by the people, what are the main areas of people-to-people relation between Thailand and Nepal?</strong></span></div> <div> We are planning to demonstrate Thai cooking class. This year I would also would like to conduct Thai cooking classes in hotels and other tourist destination to make the Nepali people familiar with real Thai food. This will be helpful for Nepal’s hospitality industry also along with familiarizing Thai cuisines among Nepalis and subsequently increase imports of Thai products from Thailand too. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>There are several areas where Thai-Nepal business collaborations have happened in the past. How active and successful has been the Nepal Thai Chamber of Commerce and Industries?</strong></span></div> <div> We cooperate closely with Nepal Thai Chamber of Commerce and Industries (NTCCI). Next month we are going on a trip to Thailand in my leadership. We will go to see some projects like “One Village One Product”. Along with that the NTCCI group will be visiting Thailand to hold discussions on some projects with their Thai counterparts.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>Do you have any ongoing or upcoming projects that specifically focus on Lumbini’s development and in promoting the Buddhist Heritage in Nepal? </strong></span></div> <div> Lumbini does have Lumbini Development Trust so it is a little bit difficult for Thai government to come to help in developing Lumbini. But we have already done some projects in Lumbini. Thai people have donated large sum of money to renovate and develop Maya Devi Temple and its surrounding area. Furthermore, support also has been extended to various Buddhist organizations in Nepal on projects related to Buddhism. These activities are the testimony of strong cultural and religious link between Thailand and Nepal. </div> <div> </div> <div> <span style="font-size: 14px;"><strong>Can you throw some light on global positioning, foreign policy and South-East Asian relations of Thailand?</strong></span></div> <div> Thailand’s foreign policy places priority on the country’s partnership with its immediate neighbours, the Association of Southeast Asian Nations (ASEAN) and the Asian region as a whole. While recognizing the importance of strengthening its ties with existing partners, Thailand continues to deepen and broaden its partnership with countries in other part of the world including Africa, the USA, Europe, Middle East and South Asia. Thailand is now pushing for the integration of the AEAN Community by 2015.</div> <div> </div> <div> Under the “Prosper thy Neighbour” policy, Thailand has continued to assist its neighbours in economic development, which is essential for the realization of ASEAN community. </div> <div> </div> <div> Moreover, Thailand encourages people-to-people contacts with foreign countries and plays a creative role in promoting their national interest in international organizations, especially at the United Nations and regional organizations in order to preserve peace and security, promote democratic process, human rights, humanitarianism, environment and sustainable development, as well as cooperation to address all transnational issues that affect human security.</div> <div> </div> <div> <span style="font-size: 14px;"><strong>How can Nepal benefit from Thailand’s business market? Are there any plans for extending cooperation between both nations further?</strong></span></div> <div> Since the establishment of Thailand-Nepal diplomatic relations, the overall relations between two countries have always been excellent, based on mutual trust, respect and understanding. We have close cooperation in various fields of common interest and mutual concerns. Both of the country have worked together to strengthen their relations and supported each other in international and regional forums.</div> <div> </div> <div> Thailand has become a preferred destination in Asia for tourism, medical services and higher education. We enjoy a strategic location that provides easy access to a longer market of nearly 600 million people, which is expected to gain even more strength when the ASEAN vision of one community materializes in 2015. </div> <div> </div> <div> The ASEAN Economic Community of AEC will create a single market and production base with the population over 600 million of people. It will create new challenges and opportunities for Nepali private sector who are now doing business in Thailand and for those who plan to do business in Thailand in near future. </div> <div> </div> <div> Similarly, Thailand is now promoting MICE (Meetings, Incentives, Conventions and Exhibition) in the country with the aim to invite foreign business group to conduct MICE activities in Thailand and choose it as a preferred destination for such activities. The Thai government is also ready to render its full support to increase the economic cooperation with Nepal.</div> <div> </div> <div> On technical cooperation, Thailand government has supported Nepal in terms of human resource development by providing over 30 scholarships per year for higher education and short training courses for Nepali government officials in many areas such as public health, agriculture, education, tourism and rural development.</div> <div> </div> <div> Moreover, we also extend our support in humanitarian and people to people projects such as free eye screening and cataract surgery for the needy Nepali since 2010 by cooperating with the Royal Thai Monastery in Lumbini and Youth Eye Service, a Nepali charitable organization as well as donation to various Nepali social organizations.</div>', 'published' => true, 'created' => '2014-01-28', 'modified' => '2014-02-08', 'keywords' => 'new business age bilateral relations news & articles, bilateral relations news & articles from new business age nepal, bilateral relations headlines from nepal, current and latest bilateral relations news from nepal, economic news from nepal, nepali bilateral relations economic news and events, o', 'description' => 'Nepal and Thailand established diplomatic relations fifty years ago. The status of diplomatic representation was raised from Ministerial level to the Ambassadorial level in May 1969. Resident diplomatic missions at Charge d’Affaires level were opened in each other’s capitals in 1969, which were subsequently upgraded to Ambassadorial level in 1980.', 'sortorder' => '2385', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ), (int) 2 => array( 'Article' => array( 'id' => '1067', 'article_category_id' => '79', 'title' => 'Moroccan Promise', 'sub_title' => '', 'summary' => null, 'content' => '<p> </p> <p> <strong>By Sushila Budhathoki</strong></p> <p> With the main trade partners mostly in Europe, Morocco is spreading its business all over the world as the late king of Morocco, Hassan II once said, “Morocco is like a tree, which has its roots in Africa and its branches in Europe.” As a trader, exporter of manufactured and agricultural products and a tourism destination, Morocco has turned out to be an emerging economy of North Africa. </p> <p> Morocco, a constitutional monarchy with an elected parliament, shares common interest in the AMU (Arab Maghreb Union), a regional grouping of five North African countries namely Algeria, Libya, Mauritania, Morocco and Tunisia. According to Maghreb Markets, a magazine by Afro Asian Business Chronicle, the country is opting for greater economic integration into the world economy and contributing to the consolidation of the multilateral trading system. For this, it has adopted a policy of economic and financial openness, aiming at strengthening the liberalization of foreign trade since the early 1990s. France has been the main import and export partner of Moroccan trade (22.5%) followed by other partners Spain (16.9%), India (6.1%), Italy (4.5%) and United States (1.3%). Morocco has free trade agreements to a market of 55 countries that represent more than one billion consumers and 60% of world GDP. </p> <p> Morocco has strong and stable macroeconomic performances. Agriculture, phosphates and tourism are the major resources of the Moroccan economy followed by industry, mining and sales of fish and seafood. The Moroccan agriculture sector which contributes 19% of the GDP also employs more than 4 million rural inhabitants creating approximately 100,000 jobs in the agro- industry sector. The country is the largest recipient of foreign investment in North Africa and is looking for expansion in ties to include more joint ventures from all around the world. According to the United Nations Conference on Trade and Development (UNCTAD), it received USD 18 billion FDI between 2000 and 2009 mainly in fertilizer and minerals. The industry, solar energy, wind energy, agriculture, fishing industry, retail and information communication and technology are the major sectors open for investment in Morocco. </p> <p> <strong>Nepal- Morocco Friendship</strong></p> <p> There has been very little progress in promoting economy, trade, culture and fewer efforts in enhancing people to people relations between Morocco and Nepal despite setting up diplomatic ties in 1975. The recent visit by Larbi Reffouh, Moroccan Ambassador to Nepal (who resides in New Delhi) to present the letter of credential to the President of Nepal on first May is expected to enhance friendship ties with Nepal. Larbi is also the Ambassador to the Bhutan, and according to him, his posting in India is a choice posting. According to Moroccan Consulate office in Nepal, Larbi, during his visit proposed for short-term as well as long-term trainings to the government officials without any financial obligations to the government of Nepal and allocation of scholarship quota for at least 15 graduate level technical educations in the field of Engineering, Medicines etc. Furthermore, he also officially requested the Chairman of Council of Ministers and the Minister of Foreign Affairs Nepal to visit the Kingdom of Morocco at their convenient times. </p> <p> <img alt="Facts and figures about Morocco" height="418" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_facts_and_figures.jpg" style="float:right; margin:0 0 0 10px;" width="371" />Similarly, a high level Nepali business delegation is planning to visit Morocco to explore the possibilities of trade and business between these two countries. After the return of Nepali business delegation from Morocco, Moroccan business delegation is planned to be in Nepal for the same purpose. A socio-cultural delegation is also planning to visit the Kingdom of Morocco to boost cultural relations and people to people relations between Nepal and the Kingdom of Morocco. The ambassador also expressed Morocco’s interest to supply fertilizers to Nepal. The Kingdom is the second largest producer and the largest exporter of fertilizers in the world.</p> <p> Both Nepal and Morocco are member of UN and partners of non-aligned campaign. Santosh Kumar Tiberawala was appointed as consul of the Kingdom of Morocco to Nepal on November 27, 2000. Basant K. Chaudhary, Managing Director of Chaudhary Group was appointed as consul on Norvember 26, 2007 and was promoted to Consul General in May, 2013. The Nepali Embassy in Cairo oversees the diplomatic relations of Nepal with Morocco. </p> <p> Nepal’s trade with Morocco has been limited as investors from both of the countries have less interaction in high level. The data from Nepal Trade and Export Promotion Centre (TEPC) shows decrease in the trade between the two countries. According to the data provided by TEPC, only 161 pieces of works of art, collector’s pieces and antiques worth Rs 257,690 were exported to Morocco between January 2012 and January 2013. The earlier export included products like dying extracts, dyes, pigments and other coloring matter, paints and varnishes, inks and carpets and other textile floor coverings among few others. Similarly, Nepal mainly imported fertilizers and rubber from Morocco before 2012. There is no import from Morocco between January 2012 and January 2013. </p> <p> <img alt="Nepal-Morocco Trade" height="198" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_nepal_morocco_trade.jpg" width="580" /></p> <p> Moroccans are not among the regular tourist groups who come to Nepal for celebrating their vacation. According to Department of Immigration, Nepal, hardly 171 tourists were from Morocco who visited Nepal in 2012. On the other hand, Morocco, with 70 new tourist destinations, is becoming a growing tourism destination in the world. According to Maghreb Markets, around 9.3 million tourists visited Morocco in 2010. </p> <hr /> <p> </p> <p> <strong>‘There is an untapped potential to strengthen our economic and trade ties’</strong></p> <p> <strong><img alt="H. E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India and Nepal" height="400" src="http://www.newbusinessage.com/ckfinder/userfiles/Images/bilateral_relations_june2013_moroccan_promise_ambassador_larbi_reffouh.jpg" style="float:left; margin:0 10px 0 0;" width="250" />How do you see the significance of your visit to Nepal?</strong></p> <p> The purpose of this visit is to present my credentials to His Excellency Dr Ram Baran Yadav, the President of the Republic of Nepal, as Ambassador extraordinary and plenipotentiary of the Kingdom of Morocco to Nepal, with a residence in New Delhi. </p> <p> This visit also was a good opportunity to hold several meetings with the Prime Minister, some members of the Government and senior officials from the Ministry of Foreign Affairs, in order to discuss a gamut of bilateral and international issues of mutual interest. All the contacts and interactions I have had during my visit are very positive and promising about the future of relations between Morocco and Nepal. </p> <p> <strong>What are the possibilities for economic and trade cooperation between Nepal and Morocco?</strong></p> <p> The diplomatic relations between Morocco and Nepal were established in 1975. Both countries have always enjoyed cordial, friendly and excellent political relations. This could be reflected by our work together and our coordinated efforts and positions on several international issues, either within or outside the United Nations. </p> <p> Our bilateral trade record remains below our common ambitions and expectations. There is for sure an untapped potential to strengthen our economic and trade ties. In this regard, both governments are currently considering the signing of a Memorandum of Understanding between the Ministries of Foreign Affairs, which will be a cornerstone for the creation of a global legal framework to conceive and promote different “win-win” partnerships and projects in order to take our relationship to the next level, especially in the economic field. </p> <p> <strong>Can you please tell us the major sectors for cooperation between the two countries?</strong></p> <p> I believe we should target and focus on some key economic sectors. For instance, we have developed in Morocco a modern, competitive and export-oriented agriculture. Since we do really have an internationally recognized expertise and know how in this field, we are ready to share this experience with our Nepali friends, particularly in terms of modern irrigation techniques and human resource development. </p> <p> With regards to tourism, we have realized significant achievements over the last few years as Morocco has succeeded in positioning itself one of the world’s fast-growing tourism destinations, attracting over 12 million tourists a year. This achievement can be simply attributed to an ambitious strategy, dubbed “Vision 2020”, through developing state-of-the-art tourism-related infrastructure, including building new hotels and resorts, as well as investing in training human capital. Thus, we can look at the existing potential for initiating specific cooperation in this sector.</p> <p> Another sector that could be central for our future cooperation is higher education. Just to give you an idea, Morocco provide annually more than 1600 scholarships in favor of foreign students. Today, we have over 7000 students from over 48 countries to study in our universities and higher institutes. So, we will seriously consider the possibility of providing scholarships for Nepalese students to pursue their studies in Moroccan universities. I personally believe that if we succeed on this particular front, it will inevitably contribute to further promotion of people-to-people contacts.</p> <p> <strong>What should Nepali government do to attract investment from Morocco?</strong></p> <p> I would like to emphasize that Moroccan investors are present overseas, primarily in Africa in areas such as banking, telecoms, housing and infrastructure. I can assure you that this economic presence is expanding and deepening thanks to the various opportunities existing in African countries and indeed to the capital and expertise offered by Moroccan companies. Since investors are guided by profit and better business environment, the Moroccan private sector is open and ready to explore other horizons and seek new opportunities, even here in Nepal. But this is the main responsibility of your government and business community, by engaging in some promotional and marketing activities, in order to attract Moroccan investments to Nepal, probably by looking at the possibility of establishing “joint-ventures” in specific sectors, like agriculture and tourism.</p> <p> <strong>Agriculture is one of the important contributors in Moroccan economy. How can Nepal get benefit from Morocco?</strong></p> <p> Morocco is ready to share its expertise with Nepal in the field of agriculture and irrigation. Morocco initiated in 2008 a revolutionary program by investing, with the involvement of the private sector, in the modernization and development of our agriculture, and in promoting its international competitiveness. The adoption of this policy stems from the fact that agriculture is the major employer of our workforce, especially in rural areas, and it is one of main contributors to our GDP. We are now starting to reap the fruits of this ambitious strategy, either in terms of increasing output and improving global competitiveness. Having said that, we are ready to share the expertise we have developed so far in this sector with Nepal. We can offer training programs in favor of Nepali students in specific areas, such as irrigation techniques, agribusiness and veterinary. </p> <p> <strong>Can you please describe us the prospect of export-import business between two countries?</strong></p> <p> We do export so many things, from agricultural products to industrial items and very recently we have started exporting cars to the regional markets. In fact, we are one of the leading exporters of phosphate in the world. And nobody can ignore the importance of this commodity as an essential component for agricultural development and food security. As an example, we are a major exporter of phosphate and fertilizers to your immediate neighbour. I think it’s time to see if we can do the same with Nepal, to participate concretely with your country in its efforts for the development of your agricultural sector and achieving your food security.</p>', 'published' => true, 'created' => '2013-06-07', 'modified' => '2013-07-15', 'keywords' => 'H. E. Mr. Larbi Reffouh, Ambassador of the Kingdom of Morocco to India and Nepal, Bilateral Relations, New Business Age', 'description' => 'Morocco has adopted a policy of economic and financial openness, aiming at strengthening the liberalization of foreign trade since the early 1990s.', 'sortorder' => '938', 'image' => null, 'article_date' => '0000-00-00 00:00:00', 'homepage' => false, 'breaking_news' => false, 'main_news' => false, 'in_scroller' => false, 'user_id' => '0' ) ) ) $current_user = null $logged_in = false $xml = falsesimplexml_load_file - [internal], line ?? include - APP/View/Elements/side_bar.ctp, line 133 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::_renderElement() - CORE/Cake/View/View.php, line 1224 View::element() - CORE/Cake/View/View.php, line 418 include - APP/View/Articles/index.ctp, line 157 View::_evaluate() - CORE/Cake/View/View.php, line 971 View::_render() - CORE/Cake/View/View.php, line 933 View::render() - CORE/Cake/View/View.php, line 473 Controller::render() - CORE/Cake/Controller/Controller.php, line 968 Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200 Dispatcher::dispatch() - CORE/Cake/Routing/Dispatcher.php, line 167 [main] - APP/webroot/index.php, line 117
| Currency | Unit |
Buy | Sell |
| U.S. Dollar | 1 | 121.23 | 121.83 |
| European Euro | 1 | 131.65 | 132.31 |
| UK Pound Sterling | 1 | 142.47 | 143.18 |
| Swiss Franc | 1 | 124.29 | 124.90 |
| Australian Dollar | 1 | 71.69 | 72.05 |
| Canadian Dollar | 1 | 83.90 | 84.32 |
| Japanese Yen | 10 | 10.94 | 11.00 |
| Chinese Yuan | 1 | 17.17 | 17.26 |
| Saudi Arabian Riyal | 1 | 32.27 | 32.43 |
| UAE Dirham | 1 | 33.01 | 33.17 |
| Malaysian Ringgit | 1 | 27.36 | 27.50 |
| South Korean Won | 100 | 9.77 | 9.82 |
Update: 2020-03-25 | Source: Nepal Rastra Bank (NRB)
| Fine Gold | 1 tola | 77000.00 |
| Tejabi Gold | 1 tola | 76700.00 |
| Silver | 1 tola | 720.00 |
Update : 2020-03-25
Source: Federation of Nepal Gold and Silver Dealers' Association
| Petrol | 1 Liter | 106.00 |
| Diesel | 1 Liter | 95.00 |
| Kerosene | 1 Liter | 95.00 |
| LP Gas | 1 Cylinder | 1375.00 |
Update : 2020-03-25
