KATHMANDU, Aug 12: Private sector of Nepal and Mongolia have joined hands to work together for the development of both the countries by exchanging expertise and knowledge through meetings, conference and technical workshops for businesspersons from both the countries.
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Mongolian National Chamber of Commerce and Industry (MNCCI) signed a memorandum of understanding (MoU) in Mongolia last week, agreeing to work together for business enhancement in both the countries, according to a press statement issued on Sunday.
“Pradeep Kumar Shrestha, former president of the FNCCI and S Demberel, chairman of the MNCCI signed the MoU on behalf of their respective organizations in the presence of Benedicto Yujiico, president of the Confederation of Asian-Pacific Chambers of Commerce and Industry (CACCI),” reads the statement.
The private sector of both the countries will help each other to share knowledge and expertise on developing environment for attracting foreign investment.
The MoU also aims to form a Nepal-Mongolia Business Council (NMBC) as a mechanism to bridge the business relationship between the two countries.