Bangladesh will sign Free Trade Agreement with Nepal

Bangladesh and Nepal have agreed to sign a Free Trade Agreement to enhance trade between the two countries. Bangladesh has also agreed to allow Nepal to use it Saidpur airport located in its northernmost district of Nilphamari close to Nepal. Bangladesh exports commodities worth $38 million to Nepal and imports goods worth around 18 million dollars. Nepal will be able to provide 500 MW of hydroelectric power to Bangladesh once the Indian Company GMR completes its project in Nepal.

Important takeaways for all competitive exams:

• Prime Minister of Bangladesh: Sheikh Hasina; Capital: Dhaka; Currency: Taka.
• Prime minister of Nepal: KP Sharma Oli.
• President of Nepal: Bidhya Devi Bhandari.
• Capital of Nepal: Kathmandu; Currency of Nepal: Nepalese rupee.

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