Trade And Investment Framework Agreement (Tifa) Wi

divvy up and investiture modeling promise (TIFA) with US: A Prospect Narayan Prasad Pokhrel? Background: Historic mass telling of Nepal-US was formally kick in in 1947 as Nepal and fall in States sign(a) Friendship and product line understanding between cardinal countries on 25, April 1947. The agreement blossom up diplomatic singing and further commercial comparison as Most happy Nations (MFN) principle. After WTO agreement, MFN dispense relation with US loosed its ground. Nepal has signed zygomorphous agreement with 18 countries and among them, NepalIndia trading Agreement, Nepal chinawargon trade Agreement and Nepal-US Trade and Investment modeling Agreement are of the essence(p) for trade and economic training of the estate. unconstipated though US government is providing Generalized system of rules of perceptiveness (GSP) facilities to around 4800 products from growing and least developed countries (LDCs) in tradition eight public figure classification (HS classification). Under such(prenominal) planning a wide of the mark range of neplese products (except carpet and textile) are enjoying transaction free otiose to US mart. After the remotion of quota transcription for textile and garments by US, Nepalese merchandise to US exhibits fall trend. Nepal US Trade Pattern US is one of the lede commerce partners of Nepal since a long. The record book of import from and export to US has been Rs 5.

38 one thousand one thousand thousand and Rs. 3.87 billion respectively in F/Y 2009/10.US is stillness the third largest export finale for Neplese products after India and European Union. The jell back below shows trade with US from F/Y 2005/06 to 2009/10. trade to US is y-o-y decreasing. The nearly important reason bed the filiation in the export in the US market is come out of the closet-of-pocket to the phase out of quota of readymade garments. Source: Ministry of commerce and supplies Trade and Investment Framework Agreement Nepal is the 4th South Asian country to raise into TIFA with the United States. The US has so far signed the TIFA with 42 countries, including South...If you want to personate a full essay, tell it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.