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Mechanism formed to implement bilateral and multilateral investment agreement: Govt Spokesperson

CEO TAB by CEO TAB
January 10, 2020
in Prime News
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Kathmandu, January 10: The government has formed a mechanism to make necessary preparation for the implementation of bilateral and multilateral agreements. The mechanism is also expected to help address the resolution of any dispute relating to such agreements.

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Information to this was shared by the government’s Spokesperson and Minister for Communications and Information Technology, Gokul Banskota, at a regular press meet yesterday. An eight-member mechanism was formed under the coordination of revenue secretary at the Finance Ministry.

The government has made agreements with various countries for augmenting foreign investment in Nepal. The Spokesperson of the government further shared the government decided that a team was formed to study the dispute on trunk and dedicated feeder supply. The study team will furnish the suggestion within 15 days.

Joint Secretary at the Ministry Industry, Commerce and Supply, Dhruba Ghimire, has been assigned to lead Nepali delegation on the Nepal-India Joint Task Force meeting relating to petroleum and gas. The meeting is being held in New Delhi for two days from January 12.

The Alternative Energy Promotion Centre and Green Climate Fund have been allowed to sign the Accreditation Master Agreement. Even the concerned ministries have been given approval in principle to formulate laws on operation of ship and its management, higher education, and technical and vocational education. The government-appointed Bhismaraj Dhungana from Morang district as the chairman of the Security Exchange Board of Nepal. —

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