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Business community for stronger Nepal-Tiber trade relation

September 12, 2007

Kathmandu : Businessmen and political leaders have stressed the need to expand trade and economic relations between Nepal and Tibet autonomous region of China for the benefit of both the countries.

Speaking at the inaugural function of the 'Nepal-Tibet China Economic and Trade Fair 2007' began on Tuesday at Birendra International Convention Centre (BICC) Minister for Industries, Commerce and Supplies Rajendra Mahato called upon the Tibetan business community to increase the volume of investment in all sectors in Nepal.

He said organising trade fairs regularly in both the countries would help expand trade and economic ties for mutual benefits.

Mahato said the government had already asked the Tibetan authorities to decrease the tariff barriers so as to provide more access to Nepali products in Chinese markets.

Vice chairman of the Tibet Autonomous Region (China) government Deng Xia Bao said technical exchanges through trade fairs would help share experiences and promote economic and business relations between Nepal and Tibet. He also informed the Tibetan business community was interested to strengthen this relation.

President of the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Chandi Raj Dhakal asked both the Nepal government and Tibetan authorities to open up alternative routes to widen the trade relations.

Highlighting the benefits that Nepal can reap from trade relations with Tibet, president of Nepal-China Chamber of Commerce Rajesh Kaji Shrestha asked the Chinese government to expand the railway services to Nepal border.

He further said the Nepal government must begin its homework to build infrastructure along the border with Tibet to increase the trade volume once railway service arrive there.

The fair is being organised every two years alternatively in both the countries since 1990 to promote business and share technical and economical expertise between the business communities from both the countries.

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