90 Chi­nese com­pa­nies par­tic­i­pate in Nepal Trade Fair

The Pak Banker - - COMPANIES/BOSS -

Ninety Chi­nese com­pa­nies have par­tic­i­pated in the 5th Nepal In­ter­na­tional Trade Fair, which kicked off here on Thurs­day. The five-day event com­prises a sep­a­rate Chi­nese pav­il­ion un­der China Ex­hi­bi­tion and Fo­rum where 90 stalls have ex­hib­ited a va­ri­ety of prod­ucts.

Chi­nese com­pa­nies have dis­played food items, dec­o­ra­tion ma­te­ri­als, fancy gar­ments, shoes and slip­pers, agri­cul­tural prod­ucts, among oth­ers. The an­nual event hosted by Fed­er­a­tion of Nepalese Cham­bers of Com­merce and In­dus­try (FNCCI) has around 350 do­mes­tic and for­eign stalls.

In­au­gu­rat­ing the trade fair amid a spe­cial cer­e­mony, Nepalese Pres­i­dent Bidya Devi Bhan­dari said: "The political tran­si­tion in the coun­try has just ended as Nepal re­cently pro­mul­gated its new con­sti­tu­tion. Now it's time to at­tract for­eign in­vest­ment and up­lift na­tional econ­omy."

Stress­ing on the need of pri­or­i­tiz­ing in­dus­tries based on lo­cally avail­able raw ma­te­ri­als and tech­nol­ogy, Pres­i­dent Bhan­dari ex­pressed hope that the fair would dis­sem­i­nate a mes­sage that Nepal is safe for for­eign in­vest­ment.

The event aims to bring na­tional and in­ter­na­tional traders on a sin­gle plat­form to mar­ket prod­ucts and strengthen busi­ness.

Be­side the reg­u­lar dis­play and sale of prod­ucts, var­i­ous work­shops are be­ing held on the side­lines of the fair ex­plor­ing the pos­si­bil­ity for joint in­vest­ments in po­ten­tial ar­eas.

This is the coun­try's only in­ter­na­tional level trade fair, which is be­ing or­ga­nized in March ev­ery year.

Mean­while, Nepal has re­garded China's Belt and Road Ini­tia­tive as a mile­stone to turn promis­ing South Asia into a de­vel­oped re­gion in the world. Ad­dress­ing a sem­i­nar on "South Asia China Co­op­er­a­tion un­der One Belt One Road Ini­tia­tive" held here on Thurs­day, Nepal spoke highly of the Chi­nese ini­tia­tive which will cre­ate im­mense eco­nomic op­por­tu­ni­ties for the re­gion.

"China's Silk Road Eco­nomic Belt ini­tia­tive will con­nect Asia and Europe, cre­at­ing more op­por­tu­ni­ties in trade, in­vest­ment and in­fra­struc­ture de­vel­op­ment in our re­gion", Nepalese Min­is­ter for In­dus­try Som Prasad Pandey said while ad­dress­ing the sem­i­nar. The min­is­ter fur­ther said that the eco­nomic belt would take the whole Asia into a new height by ex­plor­ing de­vel­op­ment.

He was of the view that Nepal will be­come a tran­sit coun­try be­tween two gi­ant economies China and In­dia through this ini­tia­tive.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.