The General Secretaries of the Chamber of Commerce of Nepal and Sri Lanka have signed an agreement to increase business opportunities.
What you should know
A memorandum of understanding has been signed between the Nepal-Sri Lanka Chamber of Commerce and Industry and the Chamber of Export Sri Lanka on trade, investment, joint ventures, etc.
Through a zoom meeting in the presence of Acting Ambassador of Sri Lanka in charge of affairs (AI) Chamera Munasinghe for Nepal, Secretary General of Nepal Sri Lanka Chamber of Commerce and Industry (NSCCI) Narendra Ballabh Pant and Secretary General/Chief Executive Officer of National Exporter Chamber of Commerce of Sri Lanka M. It was signed between Shiham Marikar.
Saying that this agreement is historic, Munasinghe opined that business activities between the two countries will increase in the coming days.
Industrial Expo is going to be held in Sri Lanka from September 18 to 21. The delegation of Nepal will participate in the expo. An expo of the same nature will also be organized in Nepal in the coming days and Sri Lankan representatives will participate. After signing the
agreement, the members of both organizations will be able to make individual and group visits to each other's countries. It is mentioned that such a visit will increase the local and national economic activities and regular discussions can be held on markets, economic development initiatives, foreign trade and investment policies related to the two countries. It is mentioned in the agreement that
and trade, investment, services, trade relations, exchange of visits and professional groups as well as possible destinations for trade promotion will be further discussed.
It is mentioned that international fairs, exhibitions and business promotion programs organized in their respective countries will also be organized.
Both parties have agreed to use each other's offices and secretariat facilities in Nepal and Sri Lanka to advance the objectives outlined in the agreement. In the
agreement, it has been mentioned that both parties will help each other to resolve business disputes that may arise between businessmen of both countries.
