Kathmandu, November 17

The 15th Nepal China-Tibet Economic and Trade Fair 2015 kicked off at Bhrikutimandap today.

Different stalls comprising handicrafts, medicinal herbs and electric productions manufactured in both countries are being displayed in the fair. Electric products including induction cookers and electric motorbikes are the main attractions of the fair. These items are being showcased as per the current need of the Nepali market, the Chinese side said.

Such fairs have been organised every two years since 1990 under the coordination at the government level. The Chinese side has informed that they have brought different goods worth 4.7 million yuan for this year’s fair. The fair was jointly inaugurated by Secretary at the Ministry of Commerce and Supplies Naindra Prasad Upadhyay and Dong Mingiun, vice-chair of Tibet Autonomous Region of China.

Stating that Nepal has been getting significant support from neighbouring country, China, during other times including the earthquake, Secretary Upadhyay called on Chinese investors to invest in agriculture, hydropower, tourism and other infrastructure development sectors of Nepal.

Vice-Chairman Dong, expressed the belief that the fair would also help strengthen the relations at the public level, saying Nepal-China Tibet friendly relations were established around a decade ago.

Vice-Chairman Dong said that such fairs would further contribute in providing modernisation to traditional trade existing between the two countries since long as per the changing time.

Similarly, Chinese Ambassador to Nepal, Wu Chuntai, said that the relation between the two countries is very friendly.

Stating that Tibet has been achieving progress in agro production, modern infrastructure development and industrial development in the recent period due to the hard work of Tibetan people, the Ambassador said that such fairs would help in exchange of experience achieved by both countries in economic development.

He said that China has increased its investment in infrastructure development for the development of Nepal-China border areas.

The fair will run for five days.