Business in Nepal

EENI- School of International Business

Subject: Doing Business in Nepal - Kathmandu. Syllabus:

1. Introduction to the Federal Democratic Republic of Nepal
2. The Nepalese economy
3. The main sectors of the economy
4. Doing Business in Kathmandu
5. The Foreign Trade of Nepal
6. The Foreign Direct Investment (FDI) in Nepal
7. Case Study:
   1. Jyoti Group
   2. Kedia Organisation
8. Access to the Nepalese market
9. Business Plan for Nepal

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

1. To analyse the Nepalese economy and foreign trade
2. To evaluate the business opportunities in the Federal Democratic Republic of Nepal
3. To explore Nepal's trade relations with the country of the student
4. To know Nepal's Free Trade Agreements
5. To examine the profile of Nepalese companies
6. To develop a business plan for the Nepalese market

Sample of the subject - Jyoti Group (Nepal)

Description of the Subject: Doing Business in Nepal

The Federal Democratic Republic of Nepal.

1. Frontiers of Nepal: India and China
2. Landlocked country
3. Capital: Kathmandu
4. Area: 147,181 square kilometres
5. The Nepalese Population: 26.49 millions of people (74% works in the agriculture sector)
6. The official language of Nepal is Nepali
7. English is used in business
8. The main religion of Nepal: Hinduism, the second-largest is Buddhism (Mahayana)
9. Lord Buddha was born in Nepal
10. Nepal belongs to the Hindu Civilisation/Buddhist civilisation
11. Abolition of the slavery in Nepal: 1926

The Nepalese Economy.

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

Nepal's Market Access and Free Trade Agreements (FTA).

1. Bay of Bengal Initiative (BIMSTEC)
2. South Asian Association for Regional Cooperation (SAARC)
3. South Asian Free-Trade Area (SAFTA)
4. Double Taxation Avoidance Agreement and FDI agreement between India and Nepal
5. Bangladesh-Nepal Trade, Payments, and Transit Agreement
6. Generalised System of Preferences (European Union)

Nepal is a member of:

1. Asian Clearing Union (ACU)
2. South Asia Subregional Economic Cooperation (SASEC)
3. Nepal is eligible for the European Investment Bank
4. Asia-Middle East Dialogue (AMED)
5. Asian Development Bank
6. Boao Forum for Asia
7. World Customs Organisation (WCO)
8. Economic and Social Commission for Asia and the Pacific (ESCAP)
9. Colombo Plan
10. International Monetary Fund (IMF)
11. United Nations (UN)
12. World Trade Organisation (WTO)
13. World Bank (WB)