The Australian Chamber of Commerce and Industry (ACCI) and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) have agreed to sign cooperation agreement to strengthen economic and trade ties between Nepal and Australia.A business delegation led by the FNCCI president Kush Kumar Joshi, who are in a business visit at Australia signed the agreement with the ACCI amidst a program organized at Brisbane, Australia, said a press statement issued by FNCCI.
The both private sectors representative have agreed to extend opportunities within their competence to promote, strengthen and expand trade, economic, scientific, technological cooperation and other business relations between concerned organizations and firms of both parties.
According to the statement, these two parties will exchange information about commerce, industry and economy in general, of their respective economies.
They will assist their members in establishing and strengthening business contacts through the organization of events such as conferences, seminars, study tours, exchanges of trade groups and participation in trade fairs with the objective of promoting the growth of trade between Nepalese and Australian businessmen.
The parties shall undertake such other steps as needed to further strengthen the interest of both sides for the realization of this Agreement. This agreement shall take effect upon the date of its signing unless terminated through a written notice by anyone of the parties involved.
This agreement was made and executed in two copies by the parties on day of year two thousand nine in Australia.
Source: Arthakoartha.com
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