$28 mln in contracts signed at China-Nepal fair

Chinese and Nepalese business people have signed agreements worth $28 million dollars at a trade fair that ended Monday in the Tibet Autonomous Region, up 76 percent from 2009.

The 16 agreements signed at the 14th China's Tibet-Nepal Economic and Trade Fair involve textiles, mechanical and electrical products, and agricultural and animal products, the regional commerce department said.

Nepalese business people mainly import wool, cashmere, handicrafts and farm produce from Tibet, the department said.

Rabindra Kumwar, a Nepalese businessman, said it was his first time to attend the fair.

"I want to know more about the Chinese market through the fair," Kumwar said. "When I am back to Nepal, I will trade bronze and wooden sculptures that Chinese consumers are fond of."

The trade fair, which started Thursday in Xigaze City, has been organized alternately in China and Nepal every two years.