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Nepal Plans To Sign BIPPA With China
BY KTM Metro reporter
November 1, 2011: talking to reporters in the western district of Banke in Nepalgunj yesterday, Finance Minister Barsha Man Pun has said that after signing BIPPA with its southern neighbor, Nepal is planning to sign Bilateral Investment Protection and Promotion Agreement (BIPPA) with northern neighbor soon according to English.peopledaily.com.cn (Xinhua).
Finance Minister Pun has said that the government is preparing to sign BIPPA with China very soon to attract more foreign investments for the economic development of the country.
The minister has said that BIPPA will not only boost the confidence of the foreign investors that their investment is safe in Nepal as it will get equal treatment not less than that their own domestic investors, but also help reduce cost of doing business by both the countries.
Both rising global economic powerhouses India and China are the largest markets giving Nepal strategic benefit in case Nepal can attract investments from both the countries and exploit their markets, reported the daily.
