In a bid to strengthen the foot-print of India’s agricultural and processed food products export to Nepal, the Agricultural and Processed Food Products Export Development Authority (APEDA) organised a virtual Buyer-Seller Meet (BSM) in association with the Indian Embassy in Kathmandu.
The BSM was organised on 23 March 2021 where key stakeholders, such as officials and trade representatives from India and Nepal, came on a common platform to discuss the strategic cooperation in the field of agriculture and allied sectors.
The BSM with Nepal is the seventeenth in the series of such virtual meets organized by the APEDA in recent months. The focus of BSMs have been to engage with all potential countries for providing a platform to connect exporters and importers in the agriculture and allied sectors.
Officials from APEDA, Indian Embassy, Kathmandu, Ministry of Agriculture and Livestock Development, Nepal and Nepal Chamber of Commerce and other stakeholders participated in the virtual meet. Exporters from India and importers of Nepal had interactions with each other during BSM.
Since the COVID-19 pandemic, there was a shift of focus towards India and neighboring trade-partners creating new opportunities for alliances between various countries. India also continued to ensure food and nutrition supplies to Nepal during the difficult times brought on by the COVID-19 pandemic.
In 2019-20, India’s total merchandise trade with Nepal stood at $7.87 billion. The value of APEDA products exported to Nepal was worth $670.6 million (volume of shipment 1,896,915 Metric Tonne).
India’s principal exports items during 2019-20 included non-basmati rice, cereal preparations, miscellaneous preparations, maize, groundnuts etc. During the same period, India’s agricultural import from Nepal were largely processed items, cereal products, processed fruits and juices, alcoholic beverages, processed vegetables etc.
(Published from PIB)
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