Nepal, India set to ink two key treaties during PM's visit

Kathmandu, Aug 15 (NAI): Nepal's Minister for Commerce and Supplies Rajendra Mahato has said that Nepal and India will ink two key treaties to boost bilateral trade and provide more trade facilities during Prime Minister Madhav Kumar Nepal's visit to New Delhi from August 18.

Talking to reporters here, Mahato said: "Nepal and India will sign at least two treaties to expand trade and provide more trade facilities including opening new border points for movement of goods between the two countries."

Mahato, who will accompany Nepal during the visit said, "The amendments in Nepal-India Trade Treaty - 1996 and a Treaty to Control Unauthorized Trade are the two documents on which the two nations will put their seal during Nepals visit."

The other two treaties are aimed at eliminating double taxation and agreement on promotion and protection of investments.

These two treaties need to be endorsed by Nepalese cabinet before the Prime Minister leaves for Delhi, said Mahato.

Earlier, Madhav Kumar Nepal has said Nepal and India may reach an agreement on starting some new projects during his visit to India.

Speaking at a programme here, he informed that the he will discuss implementation of past agreements the two countries had signed in his meeting with Indian leaders and said that the main aim of his India visit is to 'build mutual understanding' between both the country, Nepalnews reported. (ANI)