Confederation urges proposed ambassador to prioritize economic diplomacy
Confederation of Nepal Industry has asked the proposed ambassador to give priority to economic diplomacy. In the program organized on Tuesday, the president of the Confederation, Rajesh Kumar Agarwal, emphasized that the ambassadors should play an important role in connecting the investors of the respective countries with Nepal regarding the investment sectors in Nepal.
President Agarwal said that a specific country-focused economic strategy should be made to promote investment and exports, and a 'focal contact person' should be kept in all Nepalese embassies for foreign investors and domestic investors. Presenting an example of stable and stronger economic relations than political relations with any country, he opined that country branding can be done through business.
Nepal's 'country rating' has already been achieved and he believed that he could be helpful in bringing in investments as he got a good rating. He said that since Nepal will be upgraded to a developed country in 2026, the facilities that the country is getting should not decrease and should consider the interests of Nepal and enter into a bilateral trade agreement (PTA). The Confederation has also emphasized on the need to focus investment in the promotion of Nepali goods, tourism, information technology, industry, hydropower, and infrastructure to reduce the high trade deficit.
On that occasion, Amrit Bahadur Rai, Permanent Secretary of the Ministry of Foreign Affairs, said that the ambassadors will promote Nepali goods and provide necessary facilitation to Nepali businessmen. He urged the Nepali commercial sector to establish contact with investors from the respective countries, to focus on facilitating the export of Nepali goods and services.
The proposed ambassadors Shankar Sharma, Sewa Lamsal, Chitralekha Yadav, Chandrakumar Ghimire, Sumnima Tuladhar, Jung Bahadur Chauhan, Kapilman Shrestha, Prakashmani Paudel, Shivmaya Tumbahamfe, Purna Bahadur Nepali, Netra Prasad Timsina said that they will work as representatives of the country in the interest of Nepal and Nepali people. The ambassadors said that every ambassador should keep economic diplomacy at the center and facilitate the private sector for economic development.
Similarly, the Confederation has also started 'CNI Communication Dialogue'. In the dialogue program held on Tuesday, the provisions of Sections 57 and 95 (a) of the Income Tax Act were discussed. Sections 57 and 95 (a) of the Income Tax Act have discussed various problems and how double taxation policy has been implemented.
