CWR > Volume 5(2); 2019 > Current Development
Research Paper
Published online: September 1, 2019
DOI: http://dx.doi.org/10.14330/cwr.2019.5.2.06
Nepalese FDI Law and Policy with regard to the Belt and Road Initiative
Mukunda Adhikari & Zhi Guo Ma & Kabita Dahal
Xi’an Jiaotong University
No. 28, Xianning West Road, Xi'an, Shaanxi 710049 China.
Corresponding Author: adhikarimukunda8@gmail.com
ⓒ Copyright YIJUN Institute of International Law. This is an Open Access article distributed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted non-commercial use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
In 2013, China unveiled its dream of retrieving the ancient Silk Road by undertaking massive infrastructure projects and adding value to ports around the Silk Road. The Belt and Road Initiative (“BRI”) refers to China’s proposed Silk Road Economic Belt and Maritime Silk Road This big project has recently been accepted by Nepal. Nepal has its own foreign direct investment (“FDI”) laws and policies. This paper aims to analyze these laws and policies from the perspective of China’s BRI. The specific objective is to explore the importance of BRI in Nepal and the major challenges for its implementation in reference to Nepalese FDI laws and policies. The essence of BRI is to promote regional and crosscontinental connectivity between China and other countries along the Belt and Road. The BRI is relevant to social, cultural, and economic development of its associated countries. Trans-Himalayan connectivity, political transition of Nepal and property right of Nepal is the leading challenges for BRI implementation in Nepal.
Keywords : Nepal, FDI, BRI, Silk Road Economic Belt, Maritime Silk Road
