17 November 2018 12:39 AM

Economic Relations

Tuesday، 24 November 2015 12:00 AM

The geographic distance between the two countries, together with the fact that Nepal is a landlocked country, and the unavailability of direct flights, impede the enhancement of bilateral trade exchange. The volume of bilateral trade exchange has recently reached USD 2.8 – 3.8 million, and the trade balance is in favor of Egypt. The Egyptian exports to Nepal mainly include marble, carpets, calcium carbonates, canned foods, fertilizers, and medicines. On the other hand, some Egyptian companies import lentils from Nepal.

Contractual Framework

  • A Memorandum of Understanding on establishing a bilateral political consultation mechanism between the Foreign Ministries was signed on July 16th, 2007.
  • Economic and Technical Cooperation Agreement signed on July 16th, 2007.
  • Trade Agreement signed on December 23rd, 1975.
  • Cultural, Scientific and Technical Cooperation Agreement signed on February 12th, 1976.
  • Cooperation Protocol between the Egyptian Union of Commercial Chambers and Nepalese Union of Commercial Chambers, signed on June 28th, 1993.
  • A Memorandum of Understanding between the Egyptian and Nepalese Foreign Ministries, signed on March 2nd, 1996.
  • A Memorandum of Understanding between the Egyptian Ministry of Electricity and Energy and Nepalese Ministry of Water Resources, signed on March 4th, 1996.
  • A Memorandum of Understanding between the Egyptian Ministry of Electricity and Energy and Nepalese Ministry of Water Resources, signed on March 4th, 1996.

Draft Agreements:

  • Memorandum of Understanding on Touristic Cooperation between Egypt and Nepal.
  • Memorandum of Understanding on Cooperation between the Egyptian and Nepalese Ministries of Education.
  • Draft Executive Programme of the Cultural, Scientific and Technical Cooperation Agreement for 2008-2010.
     

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