British ambassador to Nepal Andrew Hall. (File photo)

British ambassador to Nepal Andrew Hall. (File photo)
British ambassador to Nepal Andrew Hall has stressed that establishment of political stability is the key thing for ushering in economic development and investment.

“Provided political stability and end to conflict, I will be in a position to recommend investment here,” Hall said while addressing the 11th Annual General Meeting of the Nepal-Britain Chamber of Commerce and Industry (NBCCI) on Friday.

Hall said the British government stands ready to assist Nepal in the current peace process.

He said there were some potential areas for enhancing trade and investment ties between the two countries.

“Tourism is one of them with enormous potential. We are interested in helping develop infrastructures and provide technical support,” he said, adding, “(On your part), you can focus on (exporting) medicinal herbs or floriculture/horticulture products.”

Addressing the AGM, NBCCI president Mahendra Krishna Shrestha stressed the need for industrial security and requested all stakeholders to work towards creating a congenial environment for business to operate and grow.

Secretary at the Ministry of Industry, Commerce and Supplies Bharat Bahadur Thapa said the government was fully committed towards enhancing economic reforms. He urged investors to take advantage of Nepal’s geographical proximity with India and China.