Axiata UK may be required to exhaust local remedies before resorting to arbitration under the UK-Nepal investment treaty
Axiata Group’s UK subsidiary and Nepal mobile unit filed a request for arbitration with the International Centre for the Settlement of Investment Disputes, regarding a capital gains tax bill levied by Nepali authorities.
The United States engaged with Nepal to identify ways to increase intellectual property protections and facilitate foreign investment, as well as greater market access and reform in Nepal’s agricultural sector.
Nepalese Prime Minister KP Oli’s visit this time to Beijing is being looked at as a careful balancing act to maintain ties with both India and China.
Bangladesh and Nepal have agreed to examine existing tariffs and remove non-tariff barriers and para-tariff measures to reverse the very low level of bilateral trade.
The bilateral meeting will focus on looking for ways to expand production of the 66 products to which the US has been providing duty-free access through the Trade Preferences Act (TPA).
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.
Nepal and the United States are set to sign a Trade and Investment Framework Agreement (TIFA) in mid-April.
Nepal is proposing removal of about 260 items from existing sensitive list of goods for imports at the upcoming meeting of South Asian Free Trade Agreement (SAFTA) scheduled to be held in the last week of March in Kathmandu.
National Association of People Living with HIV and AIDS in Nepal today urged the European Union and the Indian Embassy to withdraw intellectual property provision in the bilateral EU and India Free Trade Agreement that will undermine the production, registration and worldwide availability of essential generic drugs.
Nepal and Pakistan are planning to ink Free Trade Agreement during the meeting of Joint Economic Commission scheduled for October.