ISDS Case Map
Nepal
The US Trade Representative has floated an option of Washington and Kathmandu signing a Trade and Investment Framework Agreement and it has forwarded a text of the TIFA to the Commerce Ministry for necessary study for further negotiations.
Indian commerce and industry minister Anand Sharma is arriving in Nepal on Tuesday to ink the new India-Nepal Trade Treaty that will now get a seven-year shelf life instead of the earlier five with the provision to have it automatically extended every seven years.
India and Nepal will sign a revised trade treaty and an agreement to control unauthorised trade from a third country in Kathmandu next week. A Bilateral Investment Promotion and Protection Agreement is expected to be signed in future.
The Nepal-India Trade Treaty of 1996 came into limelight in the wake of the periodical review of the treaty recently. The treaty marked a milestone in Nepal-India trade ties leading virtually to free trade between the two countries.
Pakistan and Nepal are considering a free-trade agreement, said the Pakistan Foreign Ministry on Monday.
The Nepal government has unveiled a new commerce policy that aims at economic development and poverty alleviation by enhancing the contribution to national economy through commerce, a media report said on Wednesday.
India and Nepal are seeking to update their nearly 60-year-old trade treaty with the new draft expected to be ready before India goes to staggered polls from April 16.
The President of the Sri Lanka Nepal Business Council of the Federation of Chambers of Commerce and Industry of Sri Lanka said that Nepal had approached Sri Lanka about entering into a free trade agreement.
The President of the Sri Lanka Nepal Business Council of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) said that Nepal had approached Sri Lanka about entering into a free trade agreement.
India is holding talks with Nepal over a new Comprehensive Economic Partnership Agreement
