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His Majesty's Government's emphasis on economic diplomacy
Press Release,
Ministry of Foreign Affairs
December 29, 2002
Kathmandu
His Majesty's Government has formed a high-level Economic Diplomacy
Co-Ordination Committee under the convenorship of the Rt. Hon. Prime
Minister and with the participation of the private sector with a view to
further promoting the interests of Nepal through economic diplomacy.
Hon. Foreign Minister, Hon. Finance Minister, Industry, Hon. Commerce and
Supplies Minister, Hon. Labour and Transport Minister, Hon Culture, Tourism
and Civil Aviation Minister, Hon. Water Resources Minister, Hon. Vice
Chairman of the National Planning Commission, Chief Secretary, Finance and
Industry, Commerce and Supplies secretaries are the members of the
committee. The private sector is represented by the chairman of the
Federation of the Nepalese Chamber of Commerce and Industry (FNCCI),
executive director of the Nepal Tourism Board and chairman of the Nepal
Chamber of Commerce. Foreign Secretary is the member secretary of the high
level committee.
According to the same decision, a multilateral economic affairs division
has been set up at the Foreign Ministry combining the economic relations
and coordination section of the Foreign Ministry to make the economic
diplomacy more result oriented. In accordance with the direction of the
high level committee, the division will formulate Nepal foreign economic
policy and programs related to economic diplomacy and implement and follow
up them to make the economic diplomacy more effective and mobilize the
Nepalese diplomatic missions abroad to forward the promotion of export,
foreign investment, tourism and foreign employment programs effectively.
His Majesty's Government has also decided in principle to approve the
report presented to the Prime Minister on July 4 by the Nepal's diplomatic
policy related study group under the leadership of Dr. Badri Prasad
Shrestha and implement the report gradually.
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