Trend of Bangladesh-Nepal Trade Relations Underlining People-to-People Contact

Abstract

Bangladesh-Nepalese bilateral relations, featuring equal and sincere treatment, mutual
support and friendship for generations, can be the instance for relations between two countries.
Nepal's relationship with Bangladesh is unique. The relations have improved and the major stake
in the relation lies in strengthening the border areas and in improving people-to-people contact
and furthering economic relations and trade. Bilateral Free Trade Agreements have been the
order of the day, and is being implemented by many countries around the world. Economic and
commercial relations between Nepal and Bangladesh have been growing steadily over the years.
However, the volume of bilateral trade has not seen much improvement despites tremendous
potentials for expanding and diversifying trade between the two countries. Eessential thrust of
our economic diplomacy should be increased in an effort to enhance the image of the country.
Bangladesh Government has to focus on convincing people, even some of her neighbors, as well
as SAFTA framework of SAARC that Bangladesh offer excellent investment opportunities and
that the overall investment climate is conducive to foreign investment. Economic diplomacy of
Bangladesh should go beyond political relations and help pave a way for globalization.Nepal and
Bangladesh have to keep friendly relations with India due to our similar cultural religious
traditions and geographical attachment. A trilateral relation has the essence to expedite the
process of negotiations to promote the trade relations keeping India in confidence of both
countries.