Nepalese and Chinese official discuss expansion of trade and investment

February 21, 2006
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A Chinese delegation led by Xu Huijuan, director, Wuxi City Bureau of Foreign Trade and Economic Cooperation met with a Nepali delegation led by Chandi Raj Dhakal, chairman of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and discussed the issue of expansion of trade and investment opportunities between the two countries.

Speaking at the programme, Dhakal said that Nepal-China Non-Governmental Cooperation Forum has been successful in increasing contacts between the business communities of the two friendly countries and identifying new avenues for cooperation, according to reports.

He also urged China to accord preferential treatment to Nepali products.

Agro-business, hydropower, pharmaceutical products, light industries, mineral-based products, infrastructure development and tourism are some of the sectors Chinese entrepreneurs might invest in, he said.

Speaking on the occasion, Huijuan said that the main objective of the delegation is to explore more investment opportunities in Nepal, which could yield in mutual benefits.