Kathmandu, Aug. 19
Agriculture, Herbs and Forestry
Committee of the Nepal Chamber of Commerce (NCC) and South Korea’s Bridge
International have signed a Memorandum of Understanding (MoU) to cooperate in
the expansion of agribusiness and the development of small and medium-sized
enterprises.
At a programme held in Kathmandu on
Tuesday, Chairperson of the Committee, Krishna Man Shrestha, and CEO of Bridge
International, Jinsol Wang, signed the MoU. The agreement includes provisions
for both parties to exchange information related to agriculture and
entrepreneurship, and to conduct joint studies on Nepal’s market conditions and
business potential.
According to the agreement, Bridge
International will provide technical support to Nepal’s innovation-driven
businesses from the central to the local level.
The signatories of the MoU also agreed
to organise exhibitions and promotional events for products created by Nepali
and Korean start-ups, create business networking opportunities, and facilitate
mentorship and skills exchange. It is believed that joint workshops, training,
and knowledge-sharing between the two institutions will benefit
innovation-focused entrepreneurs in both countries, the NCC informed in a
statement.
Likewise, the agreement outlines plans
to promote business by enabling entrepreneurs and young innovators from both
nations to visit each other’s countries, explore potential opportunities in
each other’s markets, and develop new prospects.
"In addition, the NCC will collect
data on youths who have returned from Korea after acquiring skills, and support
them in enhancing their entrepreneurial capacity and expanding their business
networks," read the statement.
The NCC expressed its belief that this
cooperation agreement, prioritising agribusiness, herbs and forestry, and the
development of small and medium-sized enterprises, will strengthen the
entrepreneurial environment in Nepal.
Published in The Rising Nepal daily on 20 August 2025.
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