Trade and Business in Nepal

The objectives of the subject “Foreign Trade and Business in the Federal Democratic Republic of Nepal” are the following:

1. To analyze the Nepalese Economy and Foreign Trade (Import, Export, FDI);
2. To know the business opportunities in the Federal Democratic Republic of Nepal;
3. To explore the Nepalese trade relations with the country of the student;
4. To know the Nepalese Free Trade Agreements;
5. To examine the profile of Nepalese companies;
6. To develop a business plan for the Nepalese market.

The Subject “Foreign Trade and Business in Nepal” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Courses: Hinduism and Business, Buddhism and Business.

Masters (MIB): Ethics, Religions & Business, International Business, Foreign Trade, Religions & Business.

Doctorate (DIB): Asian Business, World Trade.

Learning materials in or Nepal Nepal.

1. Credits of the subject “Foreign Trade and Business in Nepal”: 1 ;
2. Duration: one week.

Why study “Hinduism and Business”?.

Nepalese Market Access and Free Trade Agreements (FTA).

1. Nepal and the Hindu Economic Area;
2. Bay of Bengal Initiative (BIMSTEC);
3. South Asian Association for Regional Cooperation (SAARC)
   1. South Asian Free-Trade Area (SAFTA).
4. Asian Clearing Union (ACU);
5. South Asia Subregional Economic Cooperation (SASEC);
6. India-Nepal Free Trade Agreement (FTA)
   1. Double Taxation Avoidance Agreement and FDI agreement between India and Nepal.
7. Bangladesh-Nepal Trade, Payments, and Transit Agreement;
8. Shanghai Cooperation Organization (SCO) (Dialogue Partner);
9. Generalized System of Preferences (European Union).

Trade Facilitation Programs.

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Road Transport Union (IRU);
4. International Maritime Organization (IMO)
   1. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.
5. Customs Convention on Containers (CCC, UN) - not a member.

Asian Trade and Economic Organizations:

1. Asia-Middle East Dialogue (AMED);
2. Asian Development Bank (ADB);
3. Boao Forum for Asia;
4. Economic and Social Commission for Asia and the Pacific (ESCAP);
5. Colombo Plan;
6. Asia Cooperation Dialogue (in the process of accession).

Global Organizations:

1. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
2. World Bank (WB);
3. World Trade Organization (WTO);
4. International Monetary Fund (IMF);
5. World Customs Organization (WCO);
6. Nepal is eligible for the European Investment Bank.

The Federal Democratic Republic of Nepal.

1. Borders of Nepal: India and China;
2. Nepal is a Landlocked country;
3. Nepalese Capital: Kathmandu;
4. Area of Nepal: 147,181 square kilometers;
5. Nepalese Population: 26.49 million people (74% works in the agriculture sector);
6. The official language of Nepal is Nepali
   1. English is used in business.
7. Abolition of Slavery in Nepal: 1926.

The main religion of Nepal is Hinduism, the second-largest is Buddhism (Mahayana).

1. Lord Buddha was born in Nepal;
2. Nepal belongs to Hindu Civilization/Buddhist civilization.

Nepalese Economy

1. Nepal has deep economic and cultural ties with India;
2. Strong economic reforms and liberalization: financial system, FDI;
3. The main business opportunities in Nepal are tourism, agriculture, hydro-power, infrastructure, mining, and IT;
4. The main Nepalese economic activity is agriculture (33% of the GDP);
5. The main Nepalese crops are rice and wheat;
6. Open to FDI in near all the sectors of the Nepalese economy
   1. Nepal Investment Board is the official body.
7. Special Economic Zone;
8. Top Nepalese sectors attracting FDI are energy, services, manufacturing, tourism, construction agriculture, and minerals;
9. The main investors in Nepal are China, India, the USA, South Korea, and Japan;
10. Nearest Port of Nepal: Calcutta (India), Chittagong, and Mangola (Bangladesh);
11. Top Nepalese export products: Hand Knotted Woolen Carpet of Nepal, Readymade garments, Pashmina Products, Handicraft, and Leather Goods.

(c) EENI Global Business School (1995-2022)
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