According to the Commerce Department of Tibet Autonomous Region, on October 25, the 16th China Tibet-Nepal Economic and Trade Fair was kicked off in the Tibet Exhibition Center in Lhasa City, and it will last until October 29. Themed on "common progress, win-win cooperation", and with investment negotiation, goods trade, economic cooperation and high-level forum as the main content, the fair aims to further strengthen pragmatic cooperation under the "One Belt and One Road" initiative, and to expand new channels for cooperative development and mutual benefit.

The fair consists of six units: welcome reception, opening ceremony and exhibition tour, official symposium, signing ceremony of China-Nepal cooperation project, exhibition and sales, as well as closing ceremony and press conference. 156 booths (101 for Chinese and 55 for Nepali) are set up in the No.2 hall of the Tibet Exhibition Center, with 156 enterprises taking part in. Nepali exhibition products mainly include hand-woven carpet (cushion), crafts, Thangka portraits, metal statues, wooden products and so on. Chinese exhibition products focus on Tibetan carpets, Tibetan porcelain, Tibetan tea, Tibetan incense, silver ware, jewelry, ethnic clothing, highland barley products, cashmere products, cultural and creative products, and handmade Buddha.

The fair will discuss on issues such as China-Nepal cross-border economic cooperation zone, bilateral trade, economic and trade cooperation, assistance projects, overseas investment, port construction, opening of financial branches and so on, so as to promote policy communication, connectivity of facilities, unimpeded trade, fund accommodation and people-to-people exchanges.

In addition, during the fair, Chinese and Nepali enterprises will also negotiate and cooperate on the issues of the export of wool, Tibetan tea, and highland barley liquor as well as the import of Chinese medicine, jointly witnessing the sincerity of the two sides, achieving win-win cooperation and creating a better future.

Launched in 1985, the fair is considered a major economic and trade event between China's Tibet and Nepal. It is held biennially by Tibet and Nepal by turns. Now it has been successfully held for 15 sessions.

By holding the fair, the friendship between the people of China and Nepal has been greatly enhanced, which has been highly praised by both governments and all sectors of society.

In 2015, the Ministry of Commerce included the China Tibet-Nepal Economic and Trade Fair as a national key overseas exhibition.