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Trade and Economic cooperation

Trade and economic cooperation between the Republic of Belarus and the Federal Democratic Republic of Nepal is not large-scale in the nature.

Dynamics of Trade and Economic exchanges between the Republic of Belarus and the Federal Democratic Republic of Nepal, (thousand USD)

Period

Turnover

Export

Import

Saldo

2015

42,8

37,2

5,6

31,6

2016

32,5

32,5

– 32,5

2017

3098,7

652,5

2446,2

–1793,7

2018

551,2

511,0

42,8

468,2

2019

28,5

4,6

23,9

-19,3

2020

75,7 45,0 40,7

4,3 

2020 in %
to 2019

300,7 978,3 170,3

In 2019, export of services to Nepal amounted to $ 40.9 thousand (80.2% by 2018). 33.5% of this amount was the export of the medical services (13.7 thousand dollars, 72.5% by 2018), 31.5% travel services (12.9 thousand dollars, 293.2% by 2018), 27.9% of educational services (11.4 thousand dollars, 52.3% by 2018). Nepalese services were not imported.

The Honorary Consulate of the Republic of Belarus operates in the city of Kathmandu, the Honorary Consul is Mr. Ajeya Raj Sumargi Parajuli.

In order to develop trade and economic cooperation, the Belarusian Chamber of Commerce and Industry, with the assistance of the Honorary Consul of the Republic of Belarus in Kathmandu Mr. A.R. Sumargi Parajuli and the Honorary Consul General of Nepal in the Republic of Belarus Mr. Upendra Mahato, is exploring the possibility of a visit by business circles of Nepal to Belarus.

During the visit of the Honorary Consul of the Republic of Belarus in Nepal Mr. A.R. Sumargi Parajuli to Minsk for the South Asian Regional Seminar of Honorary Consuls in in August 2019, two promising projects were proposed by the Nepalese side: the creation of a joint production of hard liquors using Himalayan spring water as well as the use of Belarusian equipment in the construction of a cement plant owned by Mr. A.R. Sumargi Parajuli.

The accreditation visit of Ambassador Andrei Rzheussky to Nepal was held on September 9 — 13, 2019.

During the visit Ambassador met Hon’ble President of Nepal, the leadership of the Ministry of Foreign Affairs, of the Ministry of Industry, as well as the Confederation of Nepalese Industry, the Federation of Nepal Chambers of Commerce and Industry, the Chief Minister of the Province No. 3 of Nepal, and the Chairman of the Chamber of Commerce and Industry of the Province No. 3 in Hetauda.

Meetings and negotiations made it possible to bring to the Nepalese side information on the wide export, industrial, scientific and other opportunities of the Republic of Belarus, to demonstrate the interest of the Belarusian side in cooperation with Nepal.

 

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