Magazine article International Trade Forum

Landlocked but Released by New Trade Opportunities

Magazine article International Trade Forum

Landlocked but Released by New Trade Opportunities

Article excerpt

Nepal is land-locked and wedged between two giant neighbours, China to the north, and India to the south, east and west. Historically Nepal has been isolated from the global economy and, until just a few decades ago, its external trade was limited to its two neighbours

Since then Nepal has undergone drastic changes, particularly following the restoration of democracy in 1990, which catapulted the country towards an export-oriented and market-dominated economy.

The International Trade Centre (ITC) has played a pivotal role in supporting Nepal's efforts to participate more fully in the world economy. By promoting trade sustainability and realizing development goals through exports, Nepal is now steadily and surely nearing its objective of eradicating poverty.

ITC's support to Nepal, often with its partners in the Enhanced Integrated Framework, has been instrumental in boosting tourism and export development, and in providing necessary trade intelligence. The support has helped strengthen backward and forward trade linkages, notably in the tea, coffee, garments, and tourism sectors. …

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