FNCCI, Spanish Chamber ED discuss economic cooperation

By A Staff Reporter,Kathmandu, Aug. 10: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), held a meeting with Imaculada Riera Rene, Executive Director of the Spanish Chamber of Commerce in Kathmandu on Friday.

The discussion focused on economic cooperation, trade, investment, small and medium-sized enterprises (SMEs), and long-term partnerships between Nepal and Spain, the FNCCI said in a statement.

During the meeting, Dhakal highlighted the importance of strengthening Nepal-Spain relations through the private sector. He noted that collaboration with Spain could introduce technology, capital, and experience to Nepal. 

According to the statement, Dhakal acknowledged the initial draft of the proposed Memorandum of Understanding (MoU) with the Spanish Chamber of Commerce and confirmed plans for both parties to sign it after a detailed review.

“This proposed MoU covers practical aspects such as trade promotion, investment, market information exchange, delegation support and cooperation among SMEs,” he said. He also mentioned that the MoU would facilitate Spanish businesses’ understanding of Nepal and help Nepali businesses use Spain as a gateway to Europe.

Both sides identified sectors like tourism, infrastructure, hydropower, renewable energy, agricultural processing, and information technology as areas for investment. Rene expressed interest in expanding business cooperation and stated the MoU would enhance coordination between the two private sectors.

Former FNCCI President Chandi Raj Dhakal and FNCCI Treasurer Bharat Raj Acharya attended the meeting.