During Prime Minister Pushpa Kamal Dahal’s official visit to China, the Confederation of Nepalese Industries (CNI) and the China Council for the Promotion of International Trade (CCPIT) have solidified their commitment to strengthen economic ties and cooperation between Nepal and China.

This understanding culminated in the signing of a Memorandum of Understanding (MoU) between CNI and CCPIT. The MoU paves the way for the establishment of the Nepal-China Business Council, reflecting the deep-rooted friendship and the strategic geographical proximity between the two nations.

The primary objective of the Nepal-China Business Council is to enhance bilateral economic cooperation between the two friendly nations. To achieve these goals, CNI and CCPIT have outlined a comprehensive roadmap, including the formation of the council itself. Under the terms of the MoU, the Nepal China Business Council will consist of four members, with two representatives nominated by each organization. CNI will appoint two office bearers, and CCPIT will nominate two members to serve on the council.

Likewise the council’s functions will encompass the exchange of valuable information and insights to streamline business activities, conducting research and study-related initiatives, creating networking opportunities to fuel growth in business, trade, and investment, and organizing exchange visits, conferences, dialogues, webinars, seminars, focused group discussions, training programs, and trade fairs to explore and introduce markets and trade opportunities, while also examining policies and regulations in both countries.