Written by The Banking Post
Bangladesh and Nepal have agreed to step up efforts to deepen trade, transit and connectivity as the two neighbours seek to adapt to changing regional and global trade dynamics.
The two-day 8th Bangladesh–Nepal commerce secretary-level meeting concluded on Wednesday, reviewing progress since the previous round held in Kathmandu in April 2024 and setting a forward-looking roadmap to expand bilateral trade, investment and logistics cooperation. Senior officials from both sides took part.
A key focus was a proposed preferential trade agreement aimed at lowering tariffs, para-tariffs and non-tariff barriers. The discussions also covered ways to broaden market access, simplify cross-border payment systems and address sanitary and phytosanitary measures as well as technical barriers to trade.
Participants reviewed the implementation of memoranda of understanding between the Bangladesh Standards and Testing Institution and Nepal’s quality and standards authorities, with a view to easing technical requirements and speeding up border clearance.
Connectivity and trade facilitation featured prominently, with proposals ranging from integrated check posts and inland container depots to testing laboratories at Banglabandha, improved rail links, harmonised customs procedures, insurance and road standards, and a possible Customs Mutual Assistance Agreement.
The meeting also explored transit routes through Bangladesh, the use of inland waterways and scope for tripartite cooperation involving India.
With both countries set to graduate from least developed country status in 2026, officials underscored the need to strengthen economic links. Bilateral trade currently stands at about $45–$55 million, according to official data.
The talks concluded with an emphasis on setting clear timelines to turn policy discussions into concrete outcomes and further solidify Bangladesh–Nepal economic cooperation.
