Kathmandu, Sept. 14
Nepal Chamber of Commerce has urged the Chinese
private sector to increase investment in Nepal.
The NCC organised a discussion on bilateral economic
exchanges and trade relations with a group of Chinese businesspersons, which is
currently on a visit to Nepal. at its secretariat in Kathmandu.
On the occasion, President of the NCC, Rajendra Malla,
urged the Chinese private sector to invest in Nepal's hydropower, agriculture,
information technology, infrastructure development and other sectors.
"The relationship between Nepal and China is very
important from a diplomatic and economic point of view. Lately, the trend of
Chinese investment has begun to increase, especially in the important projects
of increasing production and creating jobs," he said while requesting the
visiting guests to expand investment across business and infrastructure
projects in Nepal.
Malla said that the NCC, in collaboration with the
concerned government agencies, would take initiatives to facilitate investment
from China. He said that the trade agreement between Nepal and China should be
reviewed from time to time to facilitate trade.
He emphasised the effective implementation of the
transport agreement between the two countries and the construction of road
infrastructure along the border with the northern neighbours. Malla said, "Customs
checkpoints like Tatopani and Rasuwagadhi should be upgraded by building a
well-equipped road infrastructure."
According to him, Nepal's exports should be increased
by keeping international-level quarantine labs at the customs points. Various
studies show that there is an annual export potential of around Rs. 200 billion
rupees from Nepal to China so the country should work to exploit this potential.
The NCC suggested that the issue of business
facilitation between the two countries should be given top priority during the
upcoming China visit of Prime Minister Pushpa Kamal Dahal Prachanda.
During the discussion with the Chamber, the high-level
representative team of the Chinese private sector led by Hen Yin inquired about
the policy difficulties for investment in Nepal.
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