Pardafas Reporter
A delegation of the Nepal-United States of America Chamber of Commerce & Industry (NUSACCI) has held a meeting with Prime Minister Sher Bahadur Deuba. They discussed the ways to boost the export of Nepali products to the USA.
According to the press release issued by the NUSACCI, the NUSACCI delegation led by President Kiran P. Saakha paid a courtesy call to PM Deuba at his residence in Baluwatar on Saturday and expressed their motivation to strengthen the trade and investment between the two countries.
"Saakha extended sincere thanks and gratitude to Prime Minister for giving his valuable time to meet the NUSACCI delegation. The meeting began with the introduction of the NUSACCI delegation.
Saakha briefed that NUSACCI as a bilateral chamber over 28 years of existence and the role played by NUSACCI for strengthening bilateral ties between two countries in the areas of trade and investment and its stance on early ratification of MCC by parliament.
He said that the USA is one of the major trading partners of Nepal adding that Nepal’s trade balance with the USA was in a deficit situation for the last two years.
Saakha emphasized that NUSACCI is always ready to collaborate with the Nepal government for promotional activities for boosting export to the USA. Another major issue discussed is the Trade and Investment Framework Agreement (TIFA) with the USA done in 2011 under which there is a provision of technical assistance and the private sector is not getting the benefit as envisaged in the agreement.
According to the press release, other topics discussed during the courtesy visit are the importance of compensation law, Intellectual Property rights (IPR), attracting American investment in the Hydropower Sector, and export promotional activities in collaboration with GON for boosting export to the USA.
The other delegates included in the courtesy call were Prof Dr. Gandhi Pandit, General Secretary; board members, Brindaban Man Pradhanang, Rajani Rana, and Sunil Rajbhandari.
