ISDS Case Map
Nepal
The upcoming council meeting will cover raft of issues related to trade and investments. Nepal has been preparing to lure investors from the US by showcasing various projects in hydropower, tourism, industry and service sectors.
Among the ten agreements sealed by both countries include a feasibility study on the establishment of a Free Trade Agreement.
Experts have termed India’s unofficial trade blockade on Nepal as a breach of international conventions and multilateral agreements that both Nepal and India have signed.
China has proposed Nepal to sign a Bilateral Investment Promotion and Protection Agreement (Bippa) during Deputy Prime Minister and Home Minister Bamdev Gautam’s visit to the northern neighbour.
With the implementation of the South Asian Free Trade Agreement (Safta) remaining in limbo, Nepal has been negotiating with a number of South Asian countries to sign bilateral Free Trade Agreements.
Pakistan Senator Ishaq Dar said that a draft of the Free Trade Agreement between Pakistan and Nepal was handed over to the Nepalese side during the sixth session of Pakistan-Nepal Joint Economic Commission.
At the upcoming meeting, Nepali entrepreneurs are expecting that the Government would work out a bilateral Free Trade Agreement (FTA) to improve garment and Pashmina item exports to the US, exports of which have been declining since 2000.
The government of Nepal has initiated preparation for trade talks with the country's two crucial trade partners -- India and the US.
The visit -- by a team including Johnson & Johnson, GE Healthcare, Rockwell Automation, Monsanto, and Bell Helicopter -- demonstrates renewed US interest in Nepal’s economy building on the recently-signed US-Nepal Trade and Investment Framework Agreement (TIFA).
Nepal and Bhutan are holding bilateral trade talks in Bhutanese capital city Thimpu on Tuesday in order to promote bilateral trade between the two landlocked countries in South Asia.
