Kathmandu, May 9
American Chamber
of Commerce Nepal (AMCHAM) and USAID Trade and Competitiveness Nepal have
signed a cooperative agreement to facilitate business expansion between Nepal
and the United States.
The agreement was
signed by AMCHAM Chairman Ajit Shah and Head of USAID Trade and Competitiveness
Nepal Agnes Luz, said the organisations in a statement on Tuesday.
Under the
agreement, USAID Trade and Competitiveness will provide support to AMCHAM in
policy development to enhance investment expansion. This agreement will create
a conducive environment for businesses in both countries to expand into each
other's markets. AMCHAM Chairman Ajit Shah stated that the agreement will
promote investment between Nepal and America.
The partnership
also includes AMCHAM's commitment to facilitating businesses interested in
investing in Nepal. To accomplish this, AMCHAM will organise workshops and
training sessions for businesses.
The agreement will
be in effect from May 2023 to December 26, 2026. The AMCHAM is an organisation
of companies operating in Nepal with American investment.
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