Lalit K Jha
Washington, Apr 16 (PTI) The US and Nepal have signed a framework agreement aimed at enhancing trade and investment between the two countries and promoting more comprehensive bilateral economic pacts.
The accord, which will replace the 1947 bilateral Economic and Trade Agreement, was inked by US Trade Representative Ron Kirk and visiting Nepalese Deputy Premier and Finance Minister Bharat Mohan Adhikari here yesterday
The new Trade and Investment Framework Agreement (TIFA) will provide a forum for bilateral talks to enhance trade and investment, discuss specific trade issues and promote more comprehensive trade agreements between the US and Nepal.
"We now have an institutional framework for discussing trade and investment issues and learning more about each other's legal, regulatory and trading regimes," Kirk said.