Bilateral chambers are urged to support in trade promotion

Kathmandu, Nov. 21

Minister for Supplies Deepak Bohara has urged the bilateral chambers of commerce to play role in enhancing Nepal's international trade by export promotion in the respective countries that they represent in Nepal.

Addressing the 5^th Annual General Assembly of Nepal Vietnam Chamber of Commerce and Industry (NVCCI), Sunday, he asked the bilateral chambers and consul of other countries in Nepal to support in trade expansion and export promotion.

Minister Bohora promised to facilitate the traders and investors to ease doing business in Nepal.

Honorary consul of Vietnam to Nepal Rajesh Kazi Shrestha said that Vietnam was a fast growing economy, and had planned to be a developed nation by 2020.

"Nepalese products can have good market opportunities there. Therefore, we should study export potential of Nepalese goods there," he said.

Honorary consul general of Greece to Nepal Bikram Pandey presented a paper on the possibilities of Vietnam-Nepal Buddhist Circuit tourism.

President of NVCCI Deepak Malhotra expressed commitment to work on attracting Vietnamese investment in Nepal and resolve the problems that bilateral tourism was facing.

He said that the chamber was working on participating in bilateral and international trade fairs, seminars, investment interaction and trade promotion programmes.

The NVCCI felicitated Shrestha, who is also the president of Nepal Chamber of Commerce, for his contribution on promoting bilateral economic and trade relations between the two countries.

 In the last fiscal year, Nepal exported goods of Rs. 390 million to Vietnam and imported goods of Rs. 4.32 Billion.

Nepal exports goods such as meat, hides and wooden furniture to Vietnam, and imports goods like vegetables, coffee, prepared foods, essential oil, soap and leather apparels.