The second meeting of Nepal-Tibet Trade Facilitation Committee (NTTFC) on trade talks between Nepal and China concluded in the capital on Tuesday.

The meeting that kicked off on May 9 focused its discussion on the issues like effective implementation of zero tariff facility in custom, development of infrastructure in the main border points, promotion of Chinese investment in trade, removal of non-tariff barriers, development of trade ability, easy imports, among others, according to Toya Narayan Gyawali, joint secretary at Ministry of Commerce and Supplies (MoCS).

The China has also shown interest to provide zero tariff facility to Nepal and also agreed to settle trade related hassles witnessed in the border points during the imports of goods, said Gyawali.

Gyawali also informed that both the countries have also decided to form a working committee at the border points to ease the trade activities and custom related problems.

China has also shown interest to open the branch of Chinese banks in Nepal as per the plea of Nepal to ease the financial transaction, said Gyawali.

The two-day meeting has also signed memorandum of understanding (MoU) for Nepal-Tibet Trade Fair to be held in Kathmandu from November 2 to 6. nepalnews.com