PM visit to Nepal will strengthen bilateral relations, promote trade: SAARC President

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ISLAMABAD, Mar 5 (APP):President SAARC Chamber of Commerce and Industry Suraj Vaidya on Monday termed Prime Minister Shahid Khaqan Abbasi two-day visit to Nepal a gold opportunity to explore new avenues of bilateral trade and said that improved regional trade will not only trigger pace of development in the whole SAARC region but also help promoting further bilateral business relations between Pakistan and Nepal.
Surej Vaidya who is also a leading industrialist of Nepal expressed these views while talking to SAARC Chamber Pakistan Chapter Vice President Iftikhar Ali Malik by telephone here today from Kathmandu,” says a press statement issued today.
He said that Prime Minister visit to Nepal would provide an opportunity to strengthen bilateral relations across all areas of mutual interest, including trade, education, tourism, defence and people-to-people contacts.
PM Shahid Khaqan Abbasi is on two-day tour to Nepal where he would congratulate the newly elected Prime Minister of Nepal Khadga Prasad Sharma Oli and would call on President Bidya Devi Bhandari.
SAARC Chamber Chief said Nepal and Pakistan can explore products of comparative advantage favoured by specific climatic zones in both countries.
The direct air link between Nepal and Pakistan, increased exchange of business delegations and establishment of display centers in each other’s countries will boost the trade ties and enable both the countries to enjoy increased profits.
He also stressed the need of expanding role of Pakistan and Nepal for the betterment of the people of South Asia besides promoting peace in the region especially between India and Pakistan.
Highlighting the role of SAARC Chamber in this regard, he said SAARC Chamber has been proactively advocating stronger commercial and economic relations, for a prosperous and integrated South Asia.
He further said that SAARC should adopt a global approach and should focus on a wide range of activities like poverty alleviation, improvement of the health sector, trade and commerce in the region.
SAARC Chamber Pakistan Chapter Vice President Iftikhar Ali Malik said Nepal and Pakistan hold excellent political relations but the existing trade relations between two countries does not reflect true potential .
He emphasized the need for exchanging business delegations for enhancing trade and promotion of investment opportunities between Nepal and Pakistan and assured his full support in this regard.
Iftikhar Ali Malik also appreciated the dynamic role of Suraj Vaidya as president of SAARC Chamber for promoting of trade among the member states in the region.