Beijing Hosts Nepal-China Business Summit

26 Sep, 2023

Beijing Hosts Nepal-China Business Summit

The Nepal-China Business Summit took place in Beijing on a Sunday, attracting approximately 200 business representatives from both nations. The primary focus of the summit was to explore fresh avenues for practical economic and trade collaboration. Nepal's Prime Minister, Pushpa Kamal Dahal Prachanda, expressed a strong commitment to enticing Chinese investors to explore opportunities in Nepal and expand their businesses. He emphasized the unique advantages Nepal offers for such endeavors.

Furthermore, Prime Minister Prachanda expressed his anticipation of bolstering exchanges and cooperation between Nepal and China. His goal was to achieve mutual benefits and foster win-win outcomes for both nations. In response, Zhang Shaogang, Vice Chairman of the China Council for the Promotion of International Trade, extended their willingness to create additional trade promotion platforms.

The council also pledged to organize more economic and trade delegations to visit Nepal, facilitating increased bilateral trade. Additionally, they promised to support Chinese enterprises in importing specialty products from Nepal, thereby enhancing trade ties. Furthermore, the council committed to supporting capable Chinese businesses in investing and operating in Nepal, contributing significantly to Nepal's accelerated industrialization.

The Nepal-China Business Summit held in Beijing recently gathered around 200 business representatives from both nations, aiming to explore new avenues for practical economic and trade cooperation. During the summit, Prime Minister of Nepal Pushpa Kamal Dahal Prachanda emphasized Nepal's dedication to attracting Chinese investors and encouraged them to leverage the unique opportunities available in Nepal to expand their business operations. He also expressed a strong desire to strengthen bilateral exchanges and cooperation to achieve mutual benefits and promote win-win results.

Zhang Shaogang, Vice Chairman of the China Council for the Promotion of International Trade, pledged the council's commitment to establishing additional trade promotion platforms. They also promised to organize more economic and trade delegations to visit Nepal, facilitating enhanced bilateral trade. Furthermore, the council expressed its support for Chinese enterprises to import specialty products from Nepal, thereby fostering closer economic ties between the two countries. Zhang also underscored the council's intention to back capable Chinese businesses in investing and conducting operations in Nepal, with the ultimate goal of contributing to Nepal's accelerated industrialization.

In summary, the Nepal-China Business Summit in Beijing provided a platform for both nations to explore ways to enhance their economic and trade collaboration. Prime Minister Prachanda's commitment to attracting Chinese investment and strengthening bilateral ties was echoed by Zhang Shaogang's assurances of support and collaboration from the China Council for the Promotion of International Trade. This summit marked a significant step in fostering economic cooperation and mutual growth between Nepal and China.