Rather than pursuing a Preferential Trade Agreement (PTA), Bangladesh and Nepal would derive greater advantages from establishing a Comprehensive Economic Partnership Agreement (CEPA).
As per a treaty signed in 1961, Nepal shares a 1,414 km border with China, including 14 border points. Due to various geographic and geopolitical reasons, however, the northern border is far less utilized and familiar to the general public than the open southern border with India.
Thangka, a sacred art form rooted in Nepal, blends spirituality and craftsmanship, offering cultural richness and economic potential despite facing modern challenges.
As Nepal navigates its LDC graduation, a gradual shift away from aid will be critical to Nepal’s socio-economic landscape.
As the global economy becomes more interconnected and digital and the world has to increasingly face the challenges above along with obstacles related to digital taxation and cryptocurrency, renegotiating and updating Double Taxation Avoidance Agreements (DTAAs) is essential.
The potential repercussions of the ongoing and anticipated challenges pose a significant risk to the Nepali tea industry, endangering the jobs of over 75,000 Nepalis employed directly or indirectly within the sector.