Nepal-UK Parliamentary Friendship Group to promote investment

Kathmandu, July 17: Nepal-UK Parliamentary Friendship Group has organized a policy-making experience sharing and discussed about investment promotion.     

The meeting held at Singha Durbar today discussed with office-bearers of Westminster Foundation for Democracy and Nepal Britain UK Chamber of Commerce, and drew conclusion to use parliamentary diplomacy for investment promotion in various sectors of both countries.     

Group Coordinator Biraj Bhakta Shrestha said an understanding has been reached with Westminster Foundation about exchanging experiences about parliamentary practice as well as policy making process of Nepal and UK.     

Similarly, an understanding has been reached with Nepal Britain Chamber of Commerce to collaborate in possible areas and investment promotion between the two countries and the Friendship Group to use parliamentary diplomacy, he opined.     

A draft of collaboration with both organisations would be prepared. The Friendship Group also decided to hold discussion with Foreign Ministry about parliamentary dimensions of Nepal-UK relations.     

In the meeting, Director of Westminster Foundation for Democracy Dinesh Wagle made presentation about activities carried out so far in Nepal, framework of memorandum of understanding and future plans.     

Likewise, Chief of Nepal- Britain Chamber of Commerce, Rajendra Khetan, expressed view about Nepal's investment possibility, attractive sector for British investors, opportunities and challenges in the economic partnership between the two countries.     

Nepal-UK relations would be further strengthened and parliamentary diplomacy and economic collaboration would be made strong, according to the Group.(RSS)