Kathmandu, July 2
A delegation from the Malaysia-Nepal Business Council held
discussions on 'enhancing trade facilitation and investment between the two
countries' with the Nepal Chamber of Commerce (NCC) on Wednesday.
The meeting took place at the Chamber’s Secretariat in
Jamal, Kathmandu.
Discussions between the NCC delegation led by its President
Kamalesh Kumar Agrawal and the Malaysian team led by Council's President
Pradeep Kumar Kukreja focused on strengthening bilateral economic relations,
expanding employment opportunities, and promoting greater investment
cooperation, the NCC informed in a statement.
While Kukreja proposed expanding bilateral investment
and trade partnerships, Agrawal highlighted the 65-year-old diplomatic
relationship between Nepal and Malaysia and described the trade, investment,
and employment links as exemplary. He noted that about 500,000 Nepali youths
are currently employed in Malaysia, and the two countries share one of the most
extensive aviation networks.
Agrawal underscored the significant contributions of
Nepali workers to the economies of both nations but expressed concern over
Nepal’s growing trade deficit with Malaysia. He emphasised the need for trade
facilitation measures to address this imbalance.
Urging Malaysian entrepreneurs to invest in Nepal,
Agrawal pointed to promising sectors such as energy, manufacturing,
agriculture, tourism, mining, education, and healthcare. He also encouraged the
increased import of Nepali goods as a step towards narrowing the trade gap,
asserting that Nepal offers excellent opportunities for investment.
Likewise, Kukreja expressed admiration for Nepal’s
tourism sector, stating that the delegation had come to Nepal after recognising
its investment potential. He affirmed the Council's intention to collaborate
with the Chamber in fostering a conducive business environment.
Published in The Rising Nepal daily on 3 July 2025.
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