Australian Ambassador to Nepal H.E. Simon Ernst, along with Austrade officials Mukund Narayanamurti and Vik Singh, met with Investment Board Nepal’s Chief Executive Officer Yanki Ukyab to discuss opportunities for strengthening bilateral trade and investment ties.
According to a social media post by the Australian Embassy, discussions focused on potential cooperation in several sectors, including tourism, information and communication technology (ICT), high-end hospitality services, transnational education and vocational training.
The meeting also explored the potential role of the Trade and Investment Framework Agreement (TIFA) Committee in promoting deeper trade and investment engagement between Nepal and Australia.
The embassy stated that Australia is Nepal’s fourth-largest source of foreign direct investment (FDI), while the Nepali diaspora in Australia continues to play an important role in promoting investment and strengthening business links between the two countries.
