CNI, FTI sign MoU to boost investment, trade relations between Nepal and Thailand

KATHMANDU: Confederation of Nepalese Industries (CNI) and the Federation of Thai Industries (FTI) have signed a memorandum of understanding (MoU) aimed at strengthening economic and business ties between Nepal and Thailand by creating investment opportunities.

CNI President Rajesh Kumar Agrawal and FTI Chairman Kriengkrai Thiennukul signed the MoU in Bangkok, Thailand, on Wednesday, in the presence of Prime Minister KP Sharma Oli and Thai Prime Minister Paetongtran Shinawatra.

The agreement focuses on cooperation in investment and trade promotion, economic and trade-related research, training and capacity building, and the exchange of information on legal and policy matters.

Speaking at the signing ceremony, CNI President Agrawal opined that the agreement would help attract Thai investment to Nepal, positioning the country as an attractive destination for foreign investors. He highlighted recent improvements in legislation aimed at facilitating investment promotion, which could be beneficial for potential investors.

CNI has continuously encouraged foreign investors to consider Nepal, emphasising its strategic location between two of the world’s largest markets, which offers substantial advantages.

The signing event was attended by the Nepali delegation, led by Prime Minister Oli, who is currently on an official visit to Thailand from April 1 to 5 to take part in the 6th Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit.