The Nepalese Chamber of Commerce, Lhasa opened in 1943, the first ever organization of businesses formed by Nepalese traders based in the Tibetan capital. The Newar merchants conducted trade between Lhasa and Kolkata transporting goods over the Himalaya by mule caravan. The chamber of commerce worked to promote trade and coordinated among its members to set uniform prices for their merchandise besides lobbying with the government for business-friendly policy.