The Nepali Government has been working extensively to open its borders for diplomatic relationships with the global countries. So far, Nepal has maintained a non-aligned policy and enjoys friendly relations with its neighboring countries and almost all major countries.<\/p>\n
Despite establishing some investment-friendly policies and regulations, Nepal still holds many significant barriers that undermine foreign investments, according to a recent report of the US Department of State.<\/p>\n
In its report titled ‘2020 Investment Climate Statement: Nepal’, the US Department said several factors are impeding foreign investments in Nepal.<\/p>\n
Some of the barriers include:<\/strong><\/p>\n The US Department said that despite passing several laws and regulations in recent months, the current Nepali Government has failed to attract increased foreign investment.<\/p>\n <\/p>\n \u201cIn policy pronouncements, Nepal welcomes Foreign Direct Investment (FDI) and has passed several laws during the past three years that modestly improve the investment climate,\u201d stated the Department.<\/p><\/blockquote>\n \u201cThough Nepal\u2019s attitude toward FDI is positive, it has not yet translated into practice. Persistent corruption and bureaucratic hindrances remain unaddressed, impeding the smooth conduct of business,\u201d it added.<\/p>\n However, the Department said, Nepal offers opportunities for foreign investors willing to accept inherent risks and business uncertainty in the country.<\/p>\n \u201cAs Nepal struggles to confront the economic and social effects of the COVID pandemic, it is unlikely a concentrated effort to improve the investment climate will be a high priority,\u201d read the statement.<\/p><\/blockquote>\n The US Department further added that the intraparty disputes in the ruling Nepal Communist Party (NCP) have restricted foreign investments in the country.<\/p>\n","protected":false},"excerpt":{"rendered":" The Nepali Government has been working extensively to open its borders for diplomatic relationships with the…<\/span><\/p>\n\n