Private sectors sign agreements

Nepali and Chinese private sectors have signed three memorandam of understanding (MoU) on tourism, cultural exchange and construction materials. During the 13th Nepal-China Non-Governmental Cooperation Forum held at Yu Zhong District of ChongQing, representatives from the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and All-China Federation of Industry and Commerce (ACFIC) signed the agreements. According to an FNCCI statement, it signed “Tripartite Framework Agreement on Strategic Cooperation”, with the China Chamber of Tourism and Global Tourism Economy Research Centre for partnership in tourism promotion. An agreement on Chinese-Nepalese Cultural Exchange Centre was signed between Nepal Cycling Association and China Chamber of Tourism. Another pact was signed between the FNCCI and Dazu Logistics Chamber on cooperation between on construction materials. Nepal-China Non-Governmental Cooperation Forum was formed to enhance cooperation to increase investment and trade and cultural exchange between the apex private sector bodies of the two countries. The meeting takes place every two years. Source: ekantipur