Business in Nepal
Business and Investment in Nepal
Nepal opened up to trade and FDI during the liberalization movement in the 1990's and became the first among the least developed countries to join the WTO as a member in 2004.
Geographically, Nepal is located between the big economies of India and China. This strategic position offers unparalleled and preferential access to the two huge markets for bilateral trade and investments. Potential also exist of developing Nepal as a transit hub in South Asia.
In 2011/12 alone Nepal hosted more than 2,335 foreign investment projects worth a total of approximately USD 2.76 billion. The country has easy profit repatriation laws and regulations.
Nepal is a member of UN and WTO as well as regional economic blocs like SAARC (South Asian Association for Regional Cooperation), BIMSTEC(Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) and SAFTA(South Asian Free Trade Area).
Textiles and fabrics, iron and steel, readymade garments, handicraft items, herbs, pashmina and woollen carpets and non-ferrous metals are Nepal’s main manufacturing exports.