Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry, has urged Spain to increase investments in Nepal as the country has immense opportunities for investment.
In a meeting with Josep Santacreu Bonjoch, President of Barcelona Chamber of Commerce, on Friday, at the Secretariat of the Federation of Nepalese Chambers of Commerce and Industry, Dhakal emphasized on the need to increase Spanish investment in Nepal.
Dhakal also highlighted the trade statistics between Nepal and Spain during the meeting, urging the president of the Barcelona Chamber of Commerce to look into ways on how the two chambers could forge better collaboration for trade and investment. He mentioned that if the two chambers are able to establish better relations then it would help Nepal increase its exports to Spain.
Dhakal further informed Bonjoch that Nepal’s gross domestic product growth rate over the past decade has been around 4% to 6%. He added that on the initiative of the Federation of Nepalese Chambers of Commerce and Industry the government had amended eight investment laws. These reforms are designed to create a more conducive environment for foreign investments and to ensure the ease of doing business in Nepal, he added.
Dhakal also informed the president of the Barcelona Chamber of Commerce that there is ample opportunity for investment in all the sectors in Nepal. He mentioned that Nepal’s strategic location between India and China offers access to two of the world’s largest markets, presenting unique opportunities for trade and investment. We have open and liberal trade policies aimed at attracting foreign investment, he said.
During the meeting, Chandi Raj Dhakal, Former President of the Federation of Nepalese Chambers of Commerce and Industry, said that forging a partnership would be beneficial for both chambers.
Meanwhile, Josep Santacreu Bonjoch, President of Barcelona Chamber of Commerce, stated that the two chambers of commerce could have better collaboration. He stated that he would take the initiative to develop a better partnership with the Federation of Nepalese Chambers of Commerce and Industry.
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