KATHMANDU, Jan. 3 -- The American Chamber of Commerce in Nepal (AmCham) and the Confederation of Nepalese Industries (CNI) have forged an agreement to collaboratively enhance the business environment between Nepal and the United States.

A Memorandum of Understanding (MoU) has been signed between AmCham and the CNI to enhance US investment and cooperation in Nepal. Rajesh Kumar Agarwal, president of the CNI, and Nirmalkaji Shrestha, president of the AmCham, signed the MoU in a program held at the secretariat of the CNI on Tuesday.

During the program, AmCham President Shrestha said that cooperation with the CNI will work effectively for the development of the country's economy by promoting American investment. Similarly, President of CNI,...