Kathmandu, May 8
A commercial mission of
the Federation of European Businesses in India (FEBI) has completed its two-day
visit of Nepal.
This visit offered
European businesses an opportunity to understand the business and investment
potential in Nepal, the European Union Delegation in Nepal informed in a
statement on Thursday. The delegation hosted the mission from 6 to 7 May.
The mission focused on
providing European businesses with an in-depth understanding of Nepal’s
evolving business environment, policy reforms, and emerging investment
opportunities.
The mission met with
Minister for Tourism, Culture and Civil Aviation, Badri Pandey, the Chief
Economic Advisor to the Prime Minister, Dr. Youbaraj Khatiwada, of Nepal, and
CEO of the Investment Board of Nepal, Sushil Gyewali.
On the occasion, EU
Ambassador to Nepal, Veronique Lorenzo, praised Nepal’s recent efforts to
attract foreign investment despite existing challenges. "She highlighted
the EU’s shift towards investments, supporting Nepal’s promising sectors,
aligning with national priorities, and emphasized the importance of stronger
EU-Nepal business collaboration to unlock investment opportunities," read
the statement.
During the engagements,
Nepali stakeholders delivered a briefing on the latest reforms, investment
priorities, and future policy outlook while urging the European businesses to
harness the trade and investment opportunities in Nepal.
The FEBI and the European
Economic Chamber Nepal signed a Memorandum of Understanding (MoU), laying the
groundwork for deeper institutional cooperation, knowledge sharing, and
business facilitation between European investors and Nepali enterprises.
Likewise, the delegation also
held targeted consultations with honorary consuls, investment bankers and
business leaders representing the energy, aviation, and IT sectors to explore
business-to-business opportunities and consolidate business relations.
The FEBI mission prepares
for this year's main event of the EU Nepal Business Forum 2025, to take place
in November 2025.
Published in The Rising Nepal daily on 9 May 2025.
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