KATHMANDU: Nepali private sector is looking forward to expanding economic relations between Nepal and China’s Sichuan province. In this regard, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) held a discussion with a delegation of CCPIT-Sichuan Council that is currently in Kathmandu. The discussions centered arround investment prospects and scope of trade with the northern neighbour. During the meeting, they also invited the Nepali private sector to participate in the Western China Fair -2010 to be held in China’s Sichuan province this October. Sichuan province has been registering high growth rate in the production of electronics and automobiles, medicines, agriculture and technology. It also has a bustling commercial and financial sector. In a press release issued today, FNCCI sounded hopeful that the ‘one-to-one meeting’ between them and twenty-one-party Chinese envoy will be helpful in exploring new avenues for investment. FNCCI’s vice-president Pradip Jung Pandey requested the Chinese delegation in correcting large trade deficits between the two countries. He said that Nepal’s import from China is 17 per cent higher than its exports to that country. “Joint investments in the sectors like hydro-electricity, physical infrastructure development, agriculture and tourism, can help correct this gap,” he said, adding that Nepali business sector is willing to work with Chinese investors. In response, Chinese delegation’s leader Yang Shi Bo informed that business sector of Sichuan province is equally willing to expand its economic relations with Nepal.