Nepal-Phl business chamber launched to promote cooperation

MANILA, Philippines - The Nepal Philippines Chamber of Commerce and Industries (NPCCI) was recently launched to promote cooperation and business opportunities in both countries, the Department of Trade and Industry (DTI) said.

Citing a report from the Philippine Trade and Investment Center (PTIC) in New Delhi, India, the DTI said the NPCCI was recently launched at the Philippine Honorary Consulate General Offices in Kathmandu, Nepal.

“Our commercial post in New Delhi has been steadfast in helping forge closer the relations between Philippines and Nepal, particularly on cooperation in business,” Trade undersecretary Ponciano Manalo, Jr. said.

The PTIC in New Delhi supports the country’s trade and investment interests in India, Nepal, Bangladesh, Bhutan, Maldives, Pakistan and Sri Lanka.

Manalo said the creation of the chamber is an important part of the DTI’s aim to strengthen the country’s commercial relations with Nepal and other South Asian countries.

This, as the region is seen as a potential market for Philippine products and services.

The NPCCI is currently led by Roseline Budhathoki as president.

 “The organization aims to promote bilateral cooperation through investment, trade and technology transfer between Nepal and the Philippines,” PTIC-New Delhi Commercial Counselor John Paul I_igo said.

During the launch of the NPCCI attended by Nepalese businessmen, a presentation was made on how to do business as well as on opportunities available here.

Iñigo said Nepalese businessmen have expressed interest to visit the Philippines to learn more about the opportunities here.

He also said the businessmen are interested in Philippine products as well as in selling their products in the country.

In particular, the businessmen want to participate in the country’s trade fairs like the Manila FAME, IFEX Philippines, Philconstruct, and Worldbex.