Restricting investment
Nepal, March 14 -- Nepal must adopt liberal laws and provide much better opportunities than other Asian countries if it is to become an attractive foreign investment destination
It is welcome that Government of Nepal has proposed bills to address foreign private-public partnership, anti-dumping, copy-rights protection and countervailing. Any reform in foreign direct investment laws must also first take into consideration economic conditions confronting the nation. In this, foreign direct investment law falls short of expectations for there is a list of areas prohibited for foreign investment and sets lower limits on foreign investment amount. The bill appears primarily focused on inflow of foreign currency instead of spurring domestic em...
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