FNCCI urges China for collaboration in technology and innovation

Kathmandu, June 28

President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, held a meeting with Wang Xi, Minister of the United Front Work Department of China’s Guangdong Provincial Government.

In the meeting that took place at the FNCCI Secretariat in Kathmandu on Friday, they talked about issues concerning economic and diplomatic relations between the two countries, as well as trade, investment, and avenues for cooperation.

On the occasion, Dhakal highlighted the longstanding and trustworthy relationship between Nepal and China and urged for collaboration in the fields of technology and innovation. He also emphasised the potential for collaboration between Nepal and Guangdong in trade and investment.

“There is promising potential for trade and investment with Guangdong. Its experience in science and technology and its active efforts to foster both international and domestic partnerships can open new avenues for cooperation between Nepal and Guangdong,” said Dhakal.

He also informed Minister Wang about the initiatives taken by the FNCCI to create a more business-friendly environment, according to a statement issued by the business body.

Stressing the need for a bilateral investment agreement between Nepal and China, Dhakal said, “Such an agreement will strengthen the legal and institutional framework and encourage Chinese investors to invest in Nepal.”

He requested support from the Guangdong Government in connecting with potential investors and institutions from these sectors. He also stated that the FNCCI is ready to collaborate on joint ventures, trade visits, and knowledge exchange programmes.

Likewise, Minister Wang Xi, who is also a member of the Standing Committee of the Guangdong Provincial Party Committee, affirmed China’s continuous support for Nepal’s economic development.

He said that China is willing to share its successes in technology and innovation with Nepal to support its development. “China has made significant strides in the fields of technology and innovation. Nepal can benefit greatly from our experience. We are ready for such cooperation,” he said.

Minister Wang also expressed willingness to promote collaboration in food processing, agriculture, and tourism, and assured that he would take initiatives for economic cooperation between Nepal and Guangdong.

Published in The Rising Nepal daily on 29 June 2025.