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Nepal - Latest News/Current Events, Economic Overview & Trade Relations

AEI | Quick Facts about Nepal

Official Name Nepal local long and short form
Capital Kathmandu
Location Southern Asia, between China and India
Area total: 147,181 sq km land: 143,181 sq km water: 4,000 sq km
Climate varies from cool summers and severe winters in north to subtropical summers and mild winters in south
Terrain Tarai or flat river plain of the Ganges in south, central hill region, rugged Himalayas in north
Nepal
Nepal

Bilateral Trade Treaty Review Meet Aims to Regain Nepal's Lost Glory

Nepal and India have began negotiating a possible bilateral trade treaty aimed at expanding Nepal's influence in India's rapidly growing market.

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Nepal

Nepal Drowning in Garbage After Strikes

Nepal's capital, Kathmandu, is a stinky place as garbage trucks have stopped running over the last three weeks.

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Nepal

Nepal Exports Surge by 27.1 Percent

Exports increased by 27.1 percent in the first three months of the current fiscal year.

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Nepal

Nepal's PM Prachanda on Second Trip to India

Prachanda, the Nepalese Prime Minister, will be traveling to India in order to negotiate better bilateral ties and seek cooperation on issues such as terrorism, drug trafficking and trans-border organized crime.

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Nepal

Food Shortages Could Topple New Nepal Government: WFP

Food shortages in Nepal could cause riots in the near future.

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Nepal

Hundreds of Tibetan exiles arrested in Nepal

Up to 900 protesters were detained in the largest single-day arrest of Tibetan protesters in Nepal since the demonstrations began in March.

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Trade Agreements

India - Nepal Treaty of Trade

The government of India will allow Nepal customs duty free access to the Indian market. The treaty has had a positive impact on Nepal in both trade and economic development. The treaty gets renewed every five years unless a party wishes to end the treaty. http://commerce.nic.in/nepal.doc

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South Asian Free Trade Area

Introduced at the South Asian Association for Regional Cooperation summit, the South Asian Free Trade Area created a free trading zone that reaches 1.4 billion people.   The SAFTA contains zero customs duty on practically all products. http://www.saarc-sec.org/data/summit12/saftaagreement.pdf

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Trade Organizations

Bay of Bengal Iniative for MultiSectoral Technical and Economic Cooperation (BIMSTEC)

The Bay of Bengal Initiative for MultiSectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. The member nations of this group are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.

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Centre on Intergrated Rural Development for Asia and the Pacific (CIRDAP)

The Centre for Integrated Rural Development for Asia and the Pacific (CIRDAP) is a regional intergovernmental and autonomus organization

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South Asian Association for Regional Cooperation (SAARC)

The South Asian Association for Regional Cooperation (SAARC) is an economic and political organization of eight countries in Southern Asia. It was established on December 8, 1985 by India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan. In April 2007, at the Association's 14th summit, Afghanistan became its eighth member.

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