Will Nepal's new trade agreement with Australia boost investment opportunities?

Australia's Assistant Minister for Foreign Affairs, Tim Watts and Nepal's Ambassador to Australia, Kailash Raj Pokhrel signed the Australia-Nepal Trade and Investment Framework Agreement (TIFA) during the Indian Ocean Conference held in Perth, Australia. Australian Minister for Foreign Affairs, Penny Wong and her Nepali counterpart Narayan Prakash Saud were present as witnesses. Mr Saud spoke to SBS Nepali about how the agreement is expected to assist both countries, while community members raised concerns regarding investment challenges in Nepal from Australia.

A supplied image of Australian Minister for Foreign Affairs Penny Wong and Assistant Minister for Foreign Affairs Tim Watts meet with Nepalese Foreign Minister Narayan Prakash Saud at the Indian Ocean Conference (IOC) in Perth, Friday, February 9, 2024. Credit: AAP Image/Supplied by Department of Foreign Affairs and Trade, Michael Godfrey