Nepal Chamber of Commerce  (NCC) held a bilateral trade and business and investment promotion meeting with a visiting Chinese delegation here on Thursday.

The 10-member Chinese delegation was led by Vice President of Qingdao Municipal People’s Congress Madam Wu Shuling.

The two sides signed a memorandum of understanding to strengthen trade and business ties. On the occasion, NCC President Rajesh Kazi Shrestha urged the visiting delegation for their increased investment, particularly in Nepal’s hydropower, tourism and agriculture sectors. “This visit will further strengthen ties between the two countries,” he said.

Stating Nepal is keen to take part in a fair in Tsingtao, a city in eastern Shandong Province, Shrestha urged the delegation to promote Nepali products in the city.

In response, Shuling said Nepal will be invited to take part in the fair.

He said the signing of the MoU has given them a new responsibility and that they are ready for mutual cooperation in the days to come.