KATHMANDU: The Nepal China Chamber of Commerce and Industry (Nepal China Chamber) and the China Council for the Promotion of International Trade (CCPIT), Wuxi branch, have solidified their commitment to cooperation in the realms of tourism and industry.

This agreement was formalized during a visit to China by a delegation from the Nepal China Chamber, during the visit of Prime Minister Pushpa Kamal Dahal Prachanda to China.

The agreement, inked on Tuesday, bears the signatures of Rajesh Kaji Shrestha, the outgoing President of Nepal China Chamber, and Wang Xuesong, Vice Chairman of CCPIT, Wuxi Branch.

Wuxi, situated in close proximity to Shanghai in eastern China and nestled on the shores of the expansive Taihu Lake, boasts a remarkable attraction in the form of the towering 80-meter Buddha statue within Lingshan Park.

Shrestha expressed optimism regarding the newfound synergy, highlighting the interest of Chinese nationals from the Wuxi region in Nepal’s historical gem, Lumbini, the birthplace of Buddha.

He envisaged a surge in tourism from this region to Nepal, fostering economic benefits for both nations.

Furthermore, Shrestha emphasized the potential for Nepali entrepreneurs to partake in local trade fairs, with reciprocal investments in Nepal’s burgeoning tourism sector on the horizon post-agreement.

The memorandum of understanding underscores the mutual commitment of businesses from both nations to facilitate bilateral visits and explore trade and investment opportunities.

An integral aspect of this collaboration involves the transference of Wuxi’s agricultural expertise and technology to Nepal, with the ultimate goal of enhancing agricultural exports, he added.

Shrestha further underlined the significance of this agreement, envisioning that the industrial and economic development experience of the Wuxi area would serve as a valuable resource for Nepal, ultimately driving a substantial influx of tourists to the country.