Nepal-China trade talks

Kathmandu, February 20:

A Chinese delegation led by Xu Huijuan, director, Wuxi City Bureau of Foreign Trade and Economic Cooperation and a Nepali delegation led by Chandi Raj Dhakal, president, Federation of Nepalese Chambers of Commerce and Industry (FNCCI) discussed on the probable of investment opportunities between the two countries at a programme organised in the capital today.

Dhakal said that Nepal-China Non-Governmental Cooperation Forum has been successful in increasing contacts between the business communities between the two friendly countries and identifying new avenues for cooperation. He also urged China to accord preferential treatment to Nepali products.

FNCCI has been recommending the government for development of Special Economic Zones (SEZs) and Export Processing Zones (EPZs) in the Chinese border areas to attract Chinese investment and producing goods that cater to the huge Chinese market.

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

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