US Envoy Calls for Strong US-Nepal Economic Ties

US Ambassador to Nepal urged the new Nepali Government to ensure investor-friendly environment
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US Envoy Calls for Strong US-Nepal Economic Ties

Strong economic cooperation and Nepal’s development are key to US-Nepal bilateral ties over the next 70 years, said an US official, as both the countries completed 70 years of US-Nepal diplomatic ties very recently.

The United States Ambassador to Nepal Alaina B Teplitz said this in her address at a monthly lecture and policy discussion series on US-Nepal bilateral relationship: The Next 70 Years and Beyond, held in Kathmandu on December 19, 2017.

Collaborative partnership towards ensuring transparency and accountability, and successful inclusion of women and marginalized communities are among other key areas of cooperation for both the nations in the future, Alaina added.

Stating that both the nations have already started redesigning their development strategies, she called on the Government of Nepal to ensure an investor-friendly environment to attract more investment.

In this regard, she urged the new Nepali Government, led by the Communist Alliance, to introduce investor-friendly foreign investment bill and agro-business promotion bill to ensure Nepal’s overall economic development.

The former Nepali Ambassador to US Shankar Sharma highlighted US’ potential in tourism, among other areas, while also highlighting Nepal’s strength in export of goods to US.

“Although China and India are set to emerge as the world’s largest economies in coming years, the position of US will be more valuable for Nepal even in the days to come,” read Shankar’s official statement.

December 21, 2017 |

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