The First BIPPA Agreement of Nepal with India
In a historic development, Nepal and India have signed their first Bilateral Investment Promotion and Protection Agreement (BIPPA) on Thursday. The agreement aims to foster economic cooperation and attract foreign investment in both countries.
The BIPPA agreement is a significant step towards strengthening the bilateral ties between Nepal and India. It provides a legal framework for investment protection and dispute resolution, creating a favorable environment for investors.
This landmark agreement comes after years of negotiations and efforts to promote trade and investment between the two nations. With the implementation of this agreement, both Nepal and India hope to attract more foreign direct investment (FDI).
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