A Memorandum of Understanding (MoU) has been reached between Nepal and Mongolia to promote business and investment at the non-government level.

A MoU in this regard was signed by visiting representatives of the Arliyanhath Shendiyan Import and Export Trading Company Ms Narantsetseg Bolormaa and Narantsetseg Ganbaatar and representatives of Smriddhi Bio Engineering Private Limitied, Safa Chuarsi Byanjan Private Limited, Energy Link Private Limited and Everest Energy Cooperative Limited Hem Bahadur Bista, Suraj Giri, Tek Prasad Chaulagain and Bikram Bista respectively.

The Company is based in Ulaanbaatar, the capital of Mongolia. The Company is also running a large super store in Ulaanbaatar from coming July 2014.

An agreement has also been reach to set up a Nepal centre at the super store.