The BRI MoU revealed a clause regarding the feasibility study on the Nepal-China Free Trade Agreement.
The Axiata Group had filed a case at the International Centre for Settlement of Investment Disputes in May 2019, claiming damages worth around Rs66 billion.
During the meeting, the delegation discussed a range of bilateral trade and investment-related issues covered under the TIFA.
Bangladesh has suggested exploring the possibilities of Free Trade Agreement with Nepal to increase two-way trade.
Cambodia and Nepal are committed to further strengthening and expanding bilateral ties and cooperation in the fields of economics, commerce, agriculture, energy and investment to further boost bilateral trade.
Bangladesh is set to put forward a package of proposals, including the signing of Preferential Trade Agreement, with Nepal during the upcoming foreign office consultation, officials say.
The country’s negotiations with Nepal over the signing of Preferential Trade Agreement are moving at a snail’ space due to the difference of opinion on fiscal benefits.
Nepali officials said a trade deal between the two neighbours was unlikely until the other duties or charges on listed goods is dropped to zero.
The United States affirmed its engagement with Nepal on its efforts to foster innovation and investment through improvements in intellectual property protection and enforcement.
After the 2015 Indian blockade, the Nepal government tried to diversify trade and access to the sea through China. But five years later, inertia and disinterest in Kathmandu have stalled a raft of bilateral agreements signed with the northern neighbour.
Bangladesh has demanded zero-duty benefit on export of 140 products to Nepal as both governments look towards finalising a preferential trade agreement (PTA) on the third week of next month.
The signing of preferential trade agreements with Nepal, Bhutan and Indonesia has been delayed for months as the economy is battling the global COVID-19 fallout, officials have said.
Nepal has signed six bilateral investment treaties that can be described as first generation i.e. a template of BITs that were championed by investor-friendly Western European countries
Bangladesh and Nepal have agreed to sign a Free Trade Agreement to enhance trade between the two countries.
The ICSID has issued an interim order preventing Nepal’s government from collecting capital gains tax on Axiata’s acquisition of Ncell.
The ICSID had issued an interim order directing the government not to take any steps to enforce its decision to collect the outstanding capital gains tax.
A US-based international court issues interim order directing the Nepal government not to impose capital gains tax on Ncell buyout deal for the time being.
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.