Nepalese Prime Minister inaugurates SAARC Trade Fair 2010

Last Updated: Thursday, December 16, 2010 - 00:29

Kathmandu: Nepalese Prime Minister Madhav
Kumar Nepal on Wednesday inaugurated the 10th SAARC Trade Fair at the City Hall.

The trade fair is aimed at providing platform to the
SAARC countries to explore trade opportunities, showcase their
indigenous products and service, strengthen business relations
among them and develop people to people relations.

"The SAARC Trade Fair would enhance regional trade,
economic cooperation, and strengthen relations among the
member countries," Nepal said in his inaugural address.

He appealed the SAARC nations to fully implement the
provisions of the South Asia Free Trade Agreement (SAFTA) to
achieve meaningful economic integration and enhance
intra-regional trade.

Effective implementation of the SAFTA would help in
poverty reduction and economic development of the region, he
said.

Secretary General of SAARC Sheel Kanta Sharma said the
the fair would provide a platform where buyers and sellers
will meet, exchange ideas and explore business opportunities.

Some 300 companies from host Bangladesh, Bhutan,
India, Nepal, Pakistan and Sri Lanka are showcasing their
products and services in the fair.

Eight Tourism pavilions are also being installed from
each member SAARC countries to promote tourism in the region.

PTI



First Published: Thursday, December 16, 2010 - 00:29

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