KATHMANDU, April 7: Mercantile Exchange Nepal Limited (MEX) has signed an agreement with Royal Securities Exchange of Bhutan (RSEBL).
Issuing a statement, MEX said that it signed 'International Information Sharing, Training and Co-operation Memorandum of Understanding and Agreement' with RSEBL amid a ceremony following the visit by a seven-member team of RFSEBL led by its CEO Dorji Phuntsho.
The exotic blend
According to the statement, the agreement was signed following a five-day session that focused on discussion of the market mechanism of delivery products in Nepal and also explaining the prevalent agro sector in Bhutan, especially potato and cardamom.
"The agreement is the first of its kind and a major step toward the exchange of information, market mechanism as well as policy development in the local level for the benefit of entire farming sector of respective countries," read the statement.
"MEX looks forward in contributing toward the development of the commodity market in Bhutan which will inevitably usher a new dawn in fostering of the capital markets across the borders of the two nations."
