KATHMANDU, Sept 24: The Confederation of Nepalese Industries (CNI) and the China Council for Promotion of International Trade (CCPIT) have reached an understanding to establish Nepal-China Business Council, aimed at promoting bilateral investment and business cooperation.
A Memorandum of Understanding (MoU) to this effect was reached between the two sides on the occasion of Prime Minister Pushpa Kamal Dahal's ongoing visit to the northern neighbor. CNI President Rajesh Kumar Agrawal and CCPIT Vice-chair Zhang Shaogang signed the document on behalf of their respective organizations in Beijing, China, on Sunday.
The Council's affairs will be centered on creating networking opportunities, arranging bilateral business visits and organizing events and dialogues to further systematic business affairs between the two countries, prioritizing research and studies on the relevant field.
Both parties have prepared a roadmap for collaboration. The Council shall have four-members: two each from both sides to achieve these goals.
CNI President Agrawal expressed confidence that the role of the Council would be instrumental in further promoting the business relations between the two close neighbors and in bringing Chinese investment and technology to the country. He said that the Council would act with its visible effect.
CNI’s Immediate Past President Vishnu Kumar Agrawal, and current vice presidents Nirvana Chaudhary and Bhim Ghimire were also present in the MoU signing ceremony.