Myanmar, Nepal set up first ever Chamber of Commerce to promote investments
November 22, 2018 10:45 AM NPT
KATHMANDU, Nov 22: Myanmar and Nepal have set up the first ever Chamber of Commerce established in Yangon since the establishment of diplomatic relations between the two countries in 1960.
The businessmen in Yangon, Myanmar have decided to establish Myanmar-Nepal Chamber of Commerce under the leadership of prominent businessman, Mangeram Agrawal. The establishment aims to promote business and investment between the two countries. Other executives of the Chamber are Vice Presidents Ko Ko Latt and Ganesh Baniya, General Secretary Aung Bo Bo, Joint Secretary Rajesh Bhusal and Treasurer Bishnu Wagle.
As the two governments are expecting to sign a MoU on Cooperation of Trade and Investment soon, the Chamber could play an important role in collaborating economic cooperation and business among private sectors.
Some members of the Chamber are participating at the Nepal Chamber Expo - 2018, being organized in Kathmandu from November 29 to December 2, 2018. Myanmar will be the Country Partner in Expo-2018 this year.
A 20-member Chamber will have a term for two years, according to a press release issued by the Embassy of Nepal in Myanmar.