- AmCham Nepal receives accreditation from US Chamber of Commerce, aims to boost foreign investment
KATHMANDU: Minister for Foreign Affairs NP Saud held virtual and in-person discussions on Wednesday in Washington, the USA, with Nepali American IT professionals and business owners employed in various companies in the US and worldwide.
The discussion shed light on the progress of the IT sector in Nepal and the contributions of Nepali-American business owners in its development, according to a press statement issued by the Embassy of Nepal in Washington DC.
Minister Saud underscored the political stability in Nepal and the Government's unwavering commitment to fostering the growth of IT solutions, attracting investments from IT companies to contribute significantly to the creation of quality jobs and the overall economic development of the nation.
The Minister also attended a meeting on Thursday at the US Chamber of Commerce headquarters in Washington DC where he witnessed the presentation of the Accreditation of the American Chamber of Commerce in Nepal (AmCham) by the US Chamber of Commerce.
Ajit Shah, Founder Chairman of AmChamNepal received the Accreditation from the Senior Vice President and Head of International Affairs John Murphy of the US Chamber. With this, AmChamNepal has become the 130th chapter to receive the US Chamber accreditation. During the event, the Minister emphasized the need for increased engagement between the private sectors of the two countries. The Minister invited US businesses to explore investment opportunities in Nepal, including in Energy, IT, Tourism and other priority sectors.
With this accreditation, the Nepali private sector has been institutionally connected with the business federation of the world, further strengthening Nepal–US economic linkages, and helping to promote trade and investment between the two countries. Shah shared during the function that AmCham Nepal will organise the first-ever US-Nepal Economic Summit in the 1st half of 2024 where American businesses around the world will visit Nepal to explore investment and trade opportunities.
The function, moderated by Ambassador Atul Keshap, Senior Vice President of the US Chamber, was also attended by the Ambassador of Nepal Sridhar Khatri and the US Ambassador Dean R Thompson.
Also on Thursday, the Minister held a meeting with Senator Chris Van Hollen, during which they discussed the overall context of bilateral relations, emphasizing the importance of exchange between the parliaments.
The Minister also interacted with the Nepali American business community at the Embassy. During the interaction, he emphasized the Government's initiatives to promote investments in Nepal. The Minister responded to a wide array of questions and concerns raised by the participants regarding the investment climate and opportunities in Nepal.
Under Secretary for Civilian Security, Democracy, and Human Rights at the Department of State Uzra Zeya and Senior Director at National Security Council Rear Admiral Eileen Laubacher called on the Minister at the Embassy today.