Thursday, June 26, 2025

Nepal-South Africa trade prospects discussed

 Kathmandu, June 25

Honorary Consul of South Africa to Nepal, Pradeep Kumar Shrestha, has discussed the ideas about exploring trade and investment between Nepal and South Africa on Wednesday.

Welcoming the newly appointed non-resident South African Ambassador to Nepal, Prof. Anil Sooklal, along with his spouse Dr. Nelistra Sooklal Singh at the office of Panchakanya Group, he stressed on enhanced bilateral cooperation in trade and investment sectors.

The Panchakanya Group informed in a statement that Ambassador Sooklal and Shrestha, who is the Managing Director of the Group, exchanged views on promoting high-level delegation visits and experience sharing initiatives between Nepal and South Africa.

Earlier on Tuesday, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) President, Chandra Prasad Dhakal, met with Ambassador Sooklal where he highlighted Nepal’s strong potential for South African investment, particularly in tourism infrastructure.

He urged Ambassador Sooklal to encourage South African businesses to explore opportunities in Nepal, especially in hydropower, agriculture processing, infrastructure, and information technology.

Although current trade between the two countries is limited, Dhakal noted significant scope for expansion, the FNCCI said in a statement the other day.

He emphasised Nepal’s unique geography, where visitors can travel from the lowlands to scenic hills within an hour, making it an ideal destination for resorts, wellness centres, eco-tourism, and adventure tourism.

FNCCI also pledged full support in facilitating trade delegations and information exchange. Ambassador Sooklal expressed commitment to deepening bilateral ties, especially in tourism, recognising Nepal’s rich biodiversity and cultural heritage.

Published in The Rising Nepal daily on 26 June 2025. 

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