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Chinese Investors Meet FNCCI Team

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A visiting business delegation of Chinese investors has shown interest to invest in Nepal. In a meeting with the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the visiting delegation held talks on bilateral trade relationship and on possible Chinese investment in sectors such as tourism, infrastructure development, hydropower, minerals and agriculture. FNCCI’s Senior Vice-President Bhaskar Raj Rajkarnikar led the FNCCI team while the Vice-President of China Council for Promotion of International Trade (CCPIT), Gaungdong Luo Bingzhi, led the Chinese delegation in the meeting. The meeting further discussed the possibilities and ways to lower Nepal’s trade deficit with China. FNCCI decided to utilize the customs duty waiver given by the Chinese government on various 4,721 Nepali goods.
 

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