Nepal - Latest News/Current Events, Economic Overview & Trade Relations
AEI | Quick Facts about Nepal
| Official Name | Nepal local long and short form |
| Capital | Kathmandu |
| Location | Southern Asia, between China and India |
| Area | total: 147,181 sq km land: 143,181 sq km water: 4,000 sq km |
| Climate | varies from cool summers and severe winters in north to subtropical summers and mild winters in south |
| Terrain | Tarai or flat river plain of the Ganges in south, central hill region, rugged Himalayas in north |
Editor PicksBrowse Asia News Archive
Bilateral Trade Treaty Review Meet Aims to Regain Nepal's Lost Glory
Nepal and India have began negotiating a possible bilateral trade treaty aimed at expanding Nepal's influence in India's rapidly growing market.
read full newsNepal Drowning in Garbage After Strikes
Nepal's capital, Kathmandu, is a stinky place as garbage trucks have stopped running over the last three weeks.
read full newsNepal Exports Surge by 27.1 Percent
Exports increased by 27.1 percent in the first three months of the current fiscal year.
read full newsNepal's PM Prachanda on Second Trip to India
Prachanda, the Nepalese Prime Minister, will be traveling to India in order to negotiate better bilateral ties and seek cooperation on issues such as terrorism, drug trafficking and trans-border organized crime.
read full newsFood Shortages Could Topple New Nepal Government: WFP
Food shortages in Nepal could cause riots in the near future.
read full newsHundreds of Tibetan exiles arrested in Nepal
Up to 900 protesters were detained in the largest single-day arrest of Tibetan protesters in Nepal since the demonstrations began in March.
read full newsBrowse Asia News Archive
Trade Agreements
India - Nepal Treaty of Trade
The government of India will allow Nepal customs duty free access to the Indian market. The treaty has had a positive impact on Nepal in both trade and economic development. The treaty gets renewed every five years unless a party wishes to end the treaty. http://commerce.nic.in/nepal.doc
South Asian Free Trade Area
Introduced at the South Asian Association for Regional Cooperation summit, the South Asian Free Trade Area created a free trading zone that reaches 1.4 billion people. The SAFTA contains zero customs duty on practically all products. http://www.saarc-sec.org/data/summit12/saftaagreement.pdf
Trade Organizations
Bay of Bengal Iniative for MultiSectoral Technical and Economic Cooperation (BIMSTEC)
The Bay of Bengal Initiative for MultiSectoral Technical and Economic Cooperation (BIMSTEC) is an international organisation involving a group of countries in South Asia and South East Asia. The member nations of this group are: Bangladesh, India, Myanmar, Sri Lanka, Thailand, Bhutan and Nepal.
Centre on Intergrated Rural Development for Asia and the Pacific (CIRDAP)
The Centre for Integrated Rural Development for Asia and the Pacific (CIRDAP) is a regional intergovernmental and autonomus organization
South Asian Association for Regional Cooperation (SAARC)
The South Asian Association for Regional Cooperation (SAARC) is an economic and political organization of eight countries in Southern Asia. It was established on December 8, 1985 by India, Pakistan, Bangladesh, Sri Lanka, Nepal, Maldives and Bhutan. In April 2007, at the Association's 14th summit, Afghanistan became its eighth member.