Office bearers of the Confederation of Nepalese Industries and Ambassador of Czech Republic Miloslav Stasek disscussed a wide range of bilateral trade relations. Led by chairman of CNI Narendra Basnyat, Nepalese and Czech envoys focused on matters rleated to trade and industrial relations and technlogy transfers. CNI Chair Basnyat said Nepal needs to expand its economic and trade relationship with the newly emerging Czech republic. He stressed that such a cooperation is in Nepal's favor. Basnyat proposed to set up a joint commitee to expand bilaterial engagement on economy, diplomacy and business. Basnyat stressed that such a commitee will faciliate Czech investors to invest in alternative energy sector.

During the disscussion, Czech Ambassador Stasek said the Czech republic wanted to further strengthen economic and business relations with Nepal. Ambassador Stasek stressed the need to sign Double Taxation Avoidance Agreement-DTAA with Nepal so that Czech investors can invest in Nepal in alternative energy and hydro power sector.

During the meeting two vice presidents, Hari Bhakta Sarmal and Satish Morko, were also present.