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By Our Reporter
Representatives of Nepal-China Chamber of Commerce and Industry and a delegation of China Council for the Promotion of International Trade (CCPIT) Headquarters held an interaction on Trade and Investment in Nepal on Sunday.
A 30-member delegation led by Vice-president of CCPIT Zhang Shenfeng arrived in Kathmandu for exchanging information about the investment situation and projects in Nepal.
The CCPIT and NCCCI had signed a Memorandum of Understanding (MoU) in 2009 to promote trade and commerce and by participating in seminars, workshops and other events organised in both the countries.
Speaking at the event, president of NCCCI Rajesh Kazi Shrestha urged the Chinese investors to invest in Nepal as investment climate has improved in Nepal with the formation of a stable government.
Stating that Nepal, as a least developing country, would receive the facilities in international trade, he asked the investors to take advantage of the facilities by increasing their export by establishing manufacturing and other industries in Nepal.
Likewise in another event on Monday, Vice president of China Council for the Promotion of International Trade (CCPIT) Shang Shenfen said that trade promotion institutions should be allowed to play active role for the promotion of bilateral trade and economic relations between India and China.
Shenfeng made these remarks while addressing the meeting of ‘Nepal-China Trade Forum’ jointly organised by Confederation of Nepalese Industries (CNI) in the capital.
He said that their Nepal visit was organised for the implementation of bilateral agreements held in the past between the political leadership of the two countries which included Belt and Road Initiative, trans-country railway, transportation, energy and tourism.
On the occasion, business to business (B2B) meeting between the Chinese and Nepali entrepreneurs was also held.