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अन्तराष्ट्रिय आर्थिक सहायता समन्वय महाशाखा

Agreement between the Government of Nepal and Czech Republic

Jan 16, 2017
An agreement on Cooperation between the Government of Nepal and Czech Republic was signed today at the Ministry of Finance. The agreement is expected to further contribute the economic cooperation between Nepal and the Czech Republic.
An agreement on Cooperation between the Government of Nepal and Czech Republic was signed today at the Ministry of Finance. The agreement is expected to further contribute the economic cooperation between Nepal and the Czech Republic. Both the countries have agreed to encourage economic cooperation and take initiatives which will contribute to the development of industrial cooperation and investment, including for the cooperation between private sector.

The objectives of the agreement, among others, are mutually exchange of information on economic development, promote cooperation and partnership between investment companies of both the countries, encourage projects of common interest, explore opportunities concerning trade fairs, exhibitions, and other promotional activities. To implement this Agreement a Joint Committee co-chaired by the Deputy Minister of Trade and Industry of Czech Republic and Finance Secretary of Nepal, will be established.

It may be recalled that diplomatic relations between Nepal and Czech Republic was established in 1994. Trades between two countries is growing, albeit slowly, in recent years. Nepal is exporting handicraft, carpets, textiles, tea, pashmina, woolen products and food items to Czech Republic while importing aircraft, cars, glass beads, bearings and fertilizers from Czech Republic.