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Country Commercial Guides for FY 2000: Nepal Report prepared by U.S. Embassy Kathmandu, released July 1999 Note*

CHAPTER I. EXECUTIVE SUMMARY

This Country Commercial Guide (CCG) presents a comprehensive look at Nepal's commercial environment, using economic, political and market analysis. The CCGs were established by recommendation of the Trade Promotion Coordinating Committee (TPCC), a multi-agency task force, to consolidate various reporting documents prepared for the U.S. business community. Country Commercial Guides are prepared annually at U.S. Embassies through the combined efforts of several U.S. Government agencies.

Nepal is a landlocked economy with per capita income levels among the world's lowest and has a relatively limited market potential. Nonetheless, since the advent of a democratically elected government in 1991, the country has undertaken a number of economic reforms and negotiated trade treaties with India that considerably enhance its attractiveness both as a site for U.S. investment and as a market for U.S. goods and services. Nepal's hydropower, aviation, environmental, tourism, computer hardware, and telecommunications markets all offer attractive sales and investment opportunities to U.S. firms. The large and growing Indian market, to which Nepali exports now enjoy duty-free access for all but a very few products, also makes Nepal a potentially very attractive business location.

Nepal's Country Commercial Guide can be accessed via the World Wide Web at: http://www.south-asia.com/USA

Country Commercial Guides are available for U.S. exporters from the National Trade Data Bank's CD-ROM or via the Internet. Please contact STAT-USA at 1-800-STAT-USA for more information. Country Commercial Guides can be accessed via the World Wide Web at http://www.stat-usa.gov, http://1997-2001.state.gov/, and http://www.mac.doc.gov. They can also be ordered in hard copy or on diskette from the National Technical Information Service (NTIS) at 1-800-553-NTIS. U.S. exporters seeking general export information/assistance and country-specific commercial information should contact the U.S. Department of Commerce, Trade Information Center by Phone at 1-800-USA-TRAD(E) or by Fax at (202) 482-4473.