Economic diplomacy for Nepal

It is about knowing how to exploit unique characteristics or comparative advantage.

Economic diplomacy is about knowing how to exploit a country’s unique characteristics or comparative advantage to maximise the benefits for its people, and put in place sound policies designed to achieve these objectives. Nepal is a country rich in water resources and other assets such as Himalayan medicinal herbs, and it has a huge potential for the development of tourism and other services sectors. The country is well placed to attract foreign investment to harness its natural resources and develop its services sector since it has achieved some degree of political stability.