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The NADA Automobiles Dealers Association (NADA), Nepal’s premier automobile dealers’ association, has entered into a Memorandum of Understanding (MOU) with the China Council for the Promotion of International Trade, Automotive Sub-Council (CCPIT-Auto).
This partnership marks a significant milestone in strengthening economic ties and promoting sustainable development in the automotive sector between Nepal and China.
The MOU sets the stage for enhanced cooperation in areas such as trade promotion, knowledge exchange, capacity building, and the adoption of sustainable practices within the automotive industry.
The partnership will facilitate joint initiatives, including trade fairs, business delegations, and policy advocacy, to create new opportunities for investment and innovation in the sector.
As part of the agreement, NADA will play a key role in identifying investment opportunities, organizing trade events, and supporting Chinese companies seeking to enter the Nepali automotive market.
Meanwhile, CCPIT-Auto will work towards attracting Chinese investments to Nepal, facilitate technical knowledge exchange, and support collaborative programs to advance the industry.
A Joint Working Group will be established to oversee the execution of the partnership, ensuring ongoing monitoring and necessary adjustments to achieve tangible results. Both organizations are committed to respecting intellectual property rights and maintaining confidentiality throughout their collaboration.
This partnership reflects a shared vision for a sustainable, prosperous automotive industry that fosters stronger ties between Nepal and China.
