Nepal-Myanmar Chamber of Commerce & Industry

History of Nepal-Myanmar Chamber of Commerce & Industry

The Nepal UAE Chamber of Commerce & Industry (NUAECCI) was founded in 2016 under the leadership of Mr. Pawan Kumar Agrawal as the President. NUAECCI is a non-profit organization that strives to promote trade and investment between Nepal and the United Arab Emirates (UAE). Since its inception, NUAECCI has grown to become a dynamic organization comprising of more than 40 leading businessmen from diverse sectors who are engaged in business relations with UAE-based organizations. The Chamber provides a platform for its members to network, exchange ideas, and collaborate to achieve their business objectives. The mission of NUAECCI is to boost bilateral business relations between Nepal and the UAE, and to explore opportunities for promoting Nepalese trade and tourism in the UAE, while also attracting UAE investment to Nepal. To achieve this, NUAECCI works closely with government agencies, trade associations, and other stakeholders in Nepal and the UAE. NUAECCI offers a wide range of services to its members, including trade missions, business matchmaking, networking events, and advocacy on behalf of its members' interests. NUAECCI also serves as a valuable resource for businesses and individuals looking to establish or expand their presence in Nepal or the UAE. The Chamber's website provides access to market research, regulatory updates, and business opportunities, making it an essential tool for anyone looking to do business in these markets. NUAECCI is committed to creating a business-friendly environment that supports its members' growth and success. The Chamber has made significant contributions towards boosting bilateral trade and investment between Nepal and the UAE, and it continues to play an instrumental role in promoting economic cooperation and strengthening ties between the two nations. Established in 2016, NUAECCI is a non-profit organization that aims to promote trade, investment, and cultural exchange between Nepal and the United Arab Emirates.

Objective of Nepal-Myanmar Chamber of Commerce & Industry

The objective of the Nepal UAE Chamber of Commerce and Industry (NUAECCI) is to promote and facilitate trade and investment between Nepal and the United Arab Emirates (UAE). This includes creating a platform for businesses, entrepreneurs, and investors from both countries to connect and explore opportunities for cooperation and collaboration. NUAECCI aims to provide various services to its members to support their business growth, including organizing events, providing market intelligence and business support services, and facilitating business visas and travel arrangements. The chamber also aims to represent the interests of its members and advocate for policies and initiatives that promote bilateral trade and investment between Nepal and the UAE. NUAECCI is committed to promoting and supporting Nepalese exports to the UAE, as well as encouraging UAE investment in Nepal. We work closely with government agencies, trade associations, and other stakeholders in Nepal and the UAE to represent the interests of our members. We provide a range of services and resources to our members, including market research, business matchmaking, and advocacy, to help them navigate the business environment in Nepal and the UAE. At NUAECCI, we are also committed to promoting corporate social responsibility and sustainable business practices among our members. We believe that businesses have a responsibility to contribute to the development of the communities in which they operate. Our members are encouraged to adopt sustainable business practices that have a positive impact on the environment and society. Overall, the objective of NUAECCI is to create a business-friendly environment that supports the growth and success of our members. We are dedicated to promoting economic cooperation and strengthening ties between Nepal and the UAE, and we invite businesses and individuals who share our vision to join us and become part of our dynamic business community.

Bilateral Relations

The bilateral diplomatic relation between Nepal and the United Arab Emirates was established in January 1977. Nepal established its residential embassy in Abu Dhabi at the Charge d’ Affairs level on 11 April 2004 and upgraded it to

the Ambassadorial level in December 2007. Similarly, the UAE established its residential mission at Ambassadorial level in Kathmandu in May 2016.

As a business organization, the Nepal UAE Chamber of Commerce & Industry (NUAECCI) recognizes the importance of bilateral relations between Nepal and the United Arab Emirates (UAE). We believe that fostering closer economic ties

and cultural exchange between the two countries can contribute to their mutual development and growth.

NUAECCI plays a crucial role in promoting bilateral relations between Nepal and the UAE by facilitating trade and investment between the two countries. Our platform provides opportunities for our members to network, exchange ideas,

and collaborate to achieve their business objectives. We work closely with government agencies, trade associations, and other stakeholders in Nepal and the UAE to represent the interests of our members.

In addition to promoting economic cooperation, NUAECCI also emphasizes the importance of cultural exchange programs between Nepal and the UAE. Cultural exchange events such as art exhibitions, music festivals, and food festivals

provide opportunities for Nepalese and Emirati people to learn about each other's culture and traditions. These events help to strengthen the people-to-people contact between the two countries and promote understanding and mutual respect.

Overall, NUAECCI's mission is to boost bilateral business relations and explore opportunities for the promotion of Nepalese trade and tourism in the UAE, as well as to attract UAE investment to Nepal. By fostering closer economic

ties and cultural exchange between Nepal and the UAE, we believe that we can create a more prosperous and connected world.

Trade & Business Statistics

NUAECCI recognizes the importance of trade and business statistics between Nepal and the UAE. According to the Nepal Trade & Export Promotion Centre, UAE is Nepal's fourth-largest trade partner. In the last fiscal year 2021/22,

Nepal imported goods worth USD 362 million from the UAE, while exports to the UAE were only USD 3.4 million, resulting in a trade deficit of 359 million dollars.

In the previous year 2020/21, Nepal had imported goods worth USD 281 million from the UAE and exported goods of only USD 2.6 million, resulting in a trade deficit of USD 278 million. Nepal's major imports from the UAE are gold,

copper wire, silver, polyethylene, lubricating oil, bitumen, jewelry, base oil, and other petroleum products. Exports to the UAE include hand-made paper, herbs, felt, garment, carpet, coffee, tea, and handicraft.

NUAECCI believes that there is a great potential for expanding trade between Nepal and the UAE, particularly in the areas of tourism, agriculture, and manufacturing. We are committed to facilitating and promoting trade between our

members and UAE-based organizations, which will contribute to the development and growth of both countries.

In addition to trade, we acknowledge the significant role played by Nepalese workers in the UAE in providing remittances to Nepal, which is a major contributor to Nepal's GDP. NUAECCI believes that the professional potential of

Nepalese workers can be improved through training and skill development, which will not only benefit the workers but also contribute to the overall economic growth of Nepal and the UAE.

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