UAE-Nepal Trade Ties Set to Strengthen Through Economic Collaboration

Kathmandu: The Embassy of the United Arab Emirates in Kathmandu hosted an “Economic Promotional Event on Invest in Emirates” on July 17, aiming to strengthen bilateral trade and investment ties between the UAE and Nepal.

Speaking at the event, UAE Ambassador Abdulla Al Shamsi emphasized that resolving issues like double taxation and finalizing pending agreements could significantly boost UAE investments in Nepal. He also referenced the momentum created during the recent visit of UAE Deputy Prime Minister and Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.

FNCCI President Chandra Prasad Dhakal highlighted Nepal’s favorable investment climate under a stable government, while NUAECCI President Pawan Agrawal called for UAE investments in tourism, energy, and agriculture. He also proposed setting up skill stations and outsourcing IT services to Nepal.

The event included presentations on the UAE’s economic transformation, investment opportunities in the Emirates, and potential sectors for investment in Nepal, promoting mutual economic growth and sustainable development.