Finance Minister Barsha Man Pun has urged the private sector to extend support in bringing more foreign investment for the economic development of the country.

Addressing the 12th annual general meeting (AGM) of the Nepal-China Chamber of Commerce and Industry (NCCCI) here in the capital on Sunday, FM Pun also said the investment year can be successful only thorough the support of private sector.

Highlighting the possible sectors for investment in the country, Pun also urged the Chinese investors to invest in the potential sectors.

Similarly, the AGM also agreed on the enhancement of Nepali goods in Chinese market as Nepali goods are lacking in the export ratio compared to Chinese goods import ratio.

On the occasion, Rajesh Kaji Shrestha, president of NCCCI, also stressed that Nepal has been failing to take benefits from the duty free entry facility provised by China in some 4,810 items due to poor infrastructure and obscure procedures in the check points.

Saying that Nepal has not been able to take benefit from duty free facility provided by China, Chinese Ambassador to Nepal Yang Houlan also said that Chinese government is interested to make investment in Nepal along with promoting trade relationship between the two countries. nepalnews.com