FNCCI Signs Landmark MoU to Boost Nepal-Cambodia Trade Relations

Chandra Prasad Dhakal, President of FNCCI, Jyotsana Shrestha, Vice President of FNCCI, and Babu Kaji Karki, Co-chairperson, Sharat Singh Bhandari, Minister for Labour, Employment and Social Security, Nepal, with CAMFEBA Vice President Sok Lor signing a landmark MoU. Photo: FNCCI

KATHMANDU: Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce & Industry (FNCCI), announced the signing of a landmark Memorandum of Understanding (MoU) between FNCCI and the Cambodia Federation of Employers and Business Associations (CAMFEBA).

The agreement, signed in the presence of Nepal’s Labour Minister Sharat Singh Bhandari, aims to strengthen Nepal-Cambodia ties in trade, investment, and skills development, promoting joint ventures, knowledge sharing, and inclusive growth.

On the sidelines of the 113th International Labour Conference (ILC) in Geneva, Dhakal also held a productive exchange with International Labour Organisation (ILO) Director-General Gilbert F. Houngbo. Their discussions focused on deepening collaboration to advance decent work, formalisation, and sustainable enterprises in Nepal.

Dhakal also met with WTO Deputy Director-General Mr. Zhang Xiangchen to discuss Nepal’s trade challenges and opportunities, particularly in light of Nepal’s upcoming graduation from Least Developed Country (LDC) status.

The meeting also covered concerns related to the TRIPS agreement and the importance of continued WTO support for Nepal’s sustainable trade growth.