A SAARC Investment Promotion and Protection Agreement that is pending since 2007 is going to be finalised in the 18th SAARC summit that is being held in Nepal next year.
The deal is expected to make the region attractive investment destination.
"During the fifth meeting of South Asian Association for Regional Cooperation (SAARC) finance ministers held in Dhaka on January 30, the finance ministers have agreed to push forward the agreement for the finalisation in the next summit in 2013," according to finance secretary Krishna Hari Baskota.
The finance ministers’ meet aimed at further expanding regional cooperation in economic and financial sectors discussed on investment promotion and protection guidelines,” he said, adding that Finance Minister Barsha Man Pun gave a green signal on the guideline, though one of the participant had some reservation on the guidelines.
The guideline envisions opening of intra regional investments with equal treatment of the investments in any of the SAARC countries by any other regional block member country like domestic without restriction and quota and marketing, he said, adding that products of such investments will not be listed under the sensitive list to promote cross border trade and investment.
The investment promotion and protection in the regional block is expected to give boost to the intra regional trade envisaged in the South Asian Free Trade Area Agreement's (SAFTA) that came into force some six years ago.
Nepal that is observing Investment Year 2012-13 might benefit from the agreement as it will help open regional market and attract investment in the country, he added.
Greater free trade and investment among South Asian countries could also help SAARC become opportunity to catalyse the potential within the region.
The region in the recent years — after the global recession — has been exploring ways to deepen trade and investment linkages as the domestic market can absorb global shock.
The region could emerge as a locomotive for the world economy, if it could ensure an environment for rapid growth building on the member countries’ comparative advantages to make the region a magnet for greater trade, investment and financial flows, according to participants in the Dhaka meet.
India has called for fast-tracking a regional investment treaty and creation of regional production chains to deepen economic linkages in the SAARC region. At the 17th SAARC summit in the Maldives held in November last year, India had announced elimination of India's sensitive list for Least Developed Countries (LDCs) including Nepal in the SAARC region that could give a boost to exports from Nepal.
The deal is expected to make the region attractive investment destination.
"During the fifth meeting of South Asian Association for Regional Cooperation (SAARC) finance ministers held in Dhaka on January 30, the finance ministers have agreed to push forward the agreement for the finalisation in the next summit in 2013," according to finance secretary Krishna Hari Baskota.
The finance ministers’ meet aimed at further expanding regional cooperation in economic and financial sectors discussed on investment promotion and protection guidelines,” he said, adding that Finance Minister Barsha Man Pun gave a green signal on the guideline, though one of the participant had some reservation on the guidelines.
The guideline envisions opening of intra regional investments with equal treatment of the investments in any of the SAARC countries by any other regional block member country like domestic without restriction and quota and marketing, he said, adding that products of such investments will not be listed under the sensitive list to promote cross border trade and investment.
The investment promotion and protection in the regional block is expected to give boost to the intra regional trade envisaged in the South Asian Free Trade Area Agreement's (SAFTA) that came into force some six years ago.
Nepal that is observing Investment Year 2012-13 might benefit from the agreement as it will help open regional market and attract investment in the country, he added.
Greater free trade and investment among South Asian countries could also help SAARC become opportunity to catalyse the potential within the region.
The region in the recent years — after the global recession — has been exploring ways to deepen trade and investment linkages as the domestic market can absorb global shock.
The region could emerge as a locomotive for the world economy, if it could ensure an environment for rapid growth building on the member countries’ comparative advantages to make the region a magnet for greater trade, investment and financial flows, according to participants in the Dhaka meet.
India has called for fast-tracking a regional investment treaty and creation of regional production chains to deepen economic linkages in the SAARC region. At the 17th SAARC summit in the Maldives held in November last year, India had announced elimination of India's sensitive list for Least Developed Countries (LDCs) including Nepal in the SAARC region that could give a boost to exports from Nepal.
This web page can be a walk-by means of for all of the information you wished about this and didn�t know who to ask.
ReplyDeleteGlimpse right here, and also you�ll undoubtedly uncover it.
Also visit my web blog :: http://zelda1085.blog.com/2013/01/28/is-internet-dating-worth-the-danger
One other issue is that if you are in a circumstance where you will not have a co-signer then you may really need to try to make use of all of your money for college options.
ReplyDeleteYou could find many awards and other scholarships that
will offer you funds to support with university expenses.
Thanks a lot for the post.
Feel free to visit my weblog - http://astrologerg.com/blogs/137/131/dating-headlines-the-7-gold-med
You made certain nice points there. I did a search on the subject and found
ReplyDeletea good number of persons will have the same opinion with your blog.
Look at my web site - single dating
Good post made here. One thing I would really like to say is
ReplyDeletethat most professional fields consider the Bachelors Degree just as the entry level requirement for an
online course. While Associate Qualifications are a great way to begin with, completing your current Bachelors uncovers
many good opportunities to various employm, there are numerous on-line Bachelor
Diploma Programs available from institutions like The University of
Phoenix, Intercontinental University Online and Kaplan.
Another concern is that many brick and mortar institutions present Online
variations of their diplomas but usually for a considerably higher charge than
the corporations that specialize in online degree plans.
my weblog facebook sex
Greetings from Idaho! I'm bored to tears at work so I decided to browse your website on my iphone during lunch break. I really like the information you provide here and can't wait to take a look
ReplyDeletewhen I get home. I'm amazed at how quick your blog loaded on my phone .. I'm not even
using WIFI, just 3G .. Anyways, great site!
Also visit my webpage facebook for sex
Howdy! ӏ know thіs is kіnԁа off topiс but I ωаѕ wondегіng which blog platform
ReplyDeleteаre you uѕіng foг this websіte?
I'm getting sick and tired of Wordpress because I'ѵe
had pгoblems with hackегѕ and I'm looking at alternatives for another platform. I would be great if you could point me in the direction of a good platform. raspberry ketone scam - raspberry ketone side effects - raspberry ketone diet testimonials
Check out my web site: raspberry ketone side effects