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Nepal


Coronavirus halts PTA bid for months
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.
Axiata unit pays US$185mil outstanding tax
Axiata said the payment was made under protest and will seek remedies including restitution of sums already paid in the international arbitration proceedings.
Nepal’s bilateral investment treaties
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 to sign Free Trade Agreement with Nepal
Bangladesh and Nepal have agreed to sign a Free Trade Agreement to enhance trade between the two countries.
Ncell backed by international tribunal in Nepal tax row
The ICSID has issued an interim order preventing Nepal’s government from collecting capital gains tax on Axiata’s acquisition of Ncell.
Ncell pays Rs 4.5 billion of its total CGT dues
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.
Govt told not to collect CGT from Ncell
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.
Nepal has strong case on Ncell arbitration
Axiata UK may be required to exhaust local remedies before resorting to arbitration under the UK-Nepal investment treaty
Axiata seeks arbitration in Nepal tax case
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.
US-Nepal trade and investment forum
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.
Nepal PM’s China visit may see a reset of bilateral ties
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.
Dhaka-Kathmandu agree to remove trade barriers
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.
Nepal-US trade talks to focus on boosting output
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).
Nepal, United States scheduled to sit for talks next month
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.
Nepal signs trade point pact with China to offset India’s trade monopoly
Among the ten agreements sealed by both countries include a feasibility study on the establishment of a Free Trade Agreement.
India’s act ‘breaches’ int’l conventions, agreements
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 for quick signing of Bippa with Nepal: Gautam
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.
Bilateral FTAs emerge as Safta talks in limbo
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.
FTA draft handed over to Nepal: Dar
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.
Nepal-US TIFA meeting postponed to Sept
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.