AUSTRALIA AND NEPAL SIGN TRADE AND INVESTMENT FRAMEWORK ARRANGEMENT
9 February 2024
On 9 February 2024, Australia’s Minister for Foreign Affairs Senator The Honourable Penny Wong and Nepali counterpart Honourable Minister for Foreign Affairs of Nepal, Mr Narayan Prakash Saud witnessed the signing of the Australia-Nepal Trade and Investment Framework Arrangement (TIFA). The signing event occurred in the margins of the Seventh Indian Ocean Conference, held in Perth, Australia, from 9-10 February.
The Honourable Mr Tim Watts MP, Australia’s Assistant Minister for Foreign Affairs, and Ambassador of Nepal to Australia, HE Kailash Raj Pokharel, signed the TIFA, which seeks to deepen economic relations and promote expanded trade between Australia and Nepal.