EEC- Nepal (News & Events)
EEC-Nepal holds Fourth AGM

European Economic Chamber (EEC) - Nepal held its 4th Annual General Meeting under the theme "to develoop trade, commerce and industry is to develop nation" on 22 May 2009 at Shangri-La Hotel in Kathmandu... more
EEC-Nepal is implementing European Union project entitled "European-Asian Integration in Sustainable Tourism Management (Asian-Tour)" under Asia Invest program of the European Commission... more
Project entitled “Enhancing the capacity of Intermediary Business Organizations in Nepal” (ECIBON) awarded under Asia Invest – Alliance from the European Union to make Nepalese Intermediary Business Organizations... more
The European Economic Community (EEC) was established in 1957 by six European countries - Belgium, France, Italy, Luxembourg, the Netherlands and the then West Germany to facilitate trade among themselves by eliminating the existing trade barriers.
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Important Links

Nepal Chamber of Commerce
Nepal Chamber of Commerce (NCC), established in the year 1952 (2009 BS) is the first Chamber of Commerce in the Kingdom of Nepal.... More

Nepal Tourism Board
Nepal Tourism Board is a national organization established in 1998 by an act of parliament in the form of partnership between Government of Nepal.... More

Trade and Export Promotion Centre
The Government of Nepal has established "Trade and Export Promotion Centre", a national trade promotion organization of the country... More

FNCCI
The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) is an umbrella organisation of the Nepalese private sector... More

Nepal Mountaineering Association
Nepal Mountaineering Association was established on November 1, 1973. It is a non-governmental, non-profit and non-political organization... More

Hotel Association Nepal
Hotel Association Nepal (HAN) was established in the year 1966, when it had just eight hotels and all of them in Kathmandu itself... More

EU AND NEPAL RELATIONS

The European Economic Community (EEC) was established in 1957 by six European countries - Belgium, France, Italy, Luxembourg, the Netherlands and the then West Germany to facilitate trade among themselves by eliminating the existing trade barriers. The economic entity was later converted into a political establishment viz., the Commission of the European Communities with a view to eventually merging into a single confederation having its own parliament and its own executive organ. Its membership increased from 6 to 12 by the early 80s by which time Britain, Ireland, Denmark, Greece, Spain and Portugal had also joined the EEC. Austria, Finland and Sweden joined the Community in its transformed shape of the European Union in January 1995.

With the ratification of the Maastricht Treaty (named after the Dutch city where it was negotiated) in 1993 and its subsequent coming into force, the then European Community has been transformed into the European Union. Some of the objectives of the 15-member Union are: a single currency, a European central bank, a common foreign policy, and a common defense force for the members of the Union. Eleven out of fifteen members have voluntarily opted to go for a single currency, Euro from January 1, 1999. Not participating in the Euro launch are, Britain, Denmark, Greece and Sweden. The Euro is ultimately expected to be an important currency along with US dollar and Japanese yen.

In April 2003, the European Parliament approved to allow membership to ten more European Countries.

For details: www.europa.eu.int

Nepal-EU Diplomatic Ties

After the establishment of the diplomatic relations in 1973, the European Union has shown considerable interest and has extended invaluable cooperation for the socio-economic development efforts of Nepal. The EEC joined the Nepal Aid Group in 1982 so as to coordinate its position with other donor countries. Besides economic assistance, the European Union has also taken keen interest in the problems of Bhutanese refugees in Nepal. The Commission of the European Communities established the EC Consultant Office in Nepal in May 1992 with a view to expanding bilateral contacts. Nepal established residential Embassy in Brussels and appointed the first Royal Nepalese Ambassador to the EEC in 1992. Mrs. Francine Henrich was appointed EEC’s first Ambassador to Nepal in November 1991.

An Agreement concerning establishment of EC delegation in Nepal has been signed on 13th of March 2002. Hon. Arjun Jung Bahadur Singh, Minister of State for Foreign Affairs of His Majesty's Government of Nepal and H.E. Christopher Pattern, Commissioner for External Relations of the European Commission signed the agreement on behalf of their respective government. With the signing of the agreement a full fledged EC delegation office has been established in Kathmandu.

European Commission assistance to Nepal dates back to 1997. In June 1996, the EC-Nepal Framework Co-operation Agreement was signed, which outlines the general conditions for development cooperation, between HMG and EC and the provision of EC technical assistance to Nepal.

The current Country Strategy Paper and National Indicative Program (CSP/NIP) covers the period 2002-2006. The EC has committed Euro 70 million for bilateral cooperation program during this period in three concentration areas:

Poverty Reduction
Consolidation of Democracy
Integration of Nepal into the International Economy

For Details:

www.europa.eu.int/comm/external_relations/nepal/csp/index.htm
www.delnpl.eu.int

Trade

BALANCE OF TRADE WITH INDIVIDUAL COUNTRIES
F. Y. 2003/04

S.N. Countries Exports Value (Rs.) Import Value (Rs.) Balance (Rs.)
 

E. U.

Rs. 7,540,692,760

Rs. 6,559,325,640

Rs. 981,367,120

   

 Euro: 84, 056, 326.00

 Euro: 73,116, 955.00

 Euro: 10,939,328.00

1

Austria

89,374,494

368,689,920

-279,315,426

2

Belgium

260,947,624

1,125,635,861

-864,688,237

3

Denmark

128,550,201

339,538,171

-210,987,970

4

Finland

6,486,802

48,715,070

-42,228,268

5

France

581,761,717

675,531,693

-93,769,976

6

Germany

3,567,035,651

1,977,895,741

1,589,139,910

7

Greece

15,298,647

18,931,455

-3,632,808

8

Ireland

5,427,719

14,960,211

-9,532,492

9

Italy

589,369,859

451,516,382

137,853,477

10

Luxembourg

1,043,734

24,736,644

-23,692,910

11

Netherlands

286,167,768

229,288,639

56,879,129

12

Portugal

28,874,165

1,600

28,872,565

13

Spain

206,014,685

156,785,888

49,228,797

14

Sweden

97,254,993

91,604,473

5,650,520

15

U.K.

1,677,084,701

1,035,493,892

641,590,809


PERCENTAGE COMPOSITION OF REGIONS
IN THE TOTAL OVERSEAS EXPORTS OF
NEPAL
F. Y. 2001/02 TO 2003/04

Regions F. Y. 2001/02(2058/59) F. Y. 2002/03(2059/60) F. Y. 2003/04(2060/61)
 

Value

% Comp

Value

% Comp

Value

% Comp

European Union

6,789,794,000

36.88

6,874,411,000

31.27

7,540,693,000

36.01

Euro

75,686,033

 

76,629,261

 

84,056,326

 

MAJOR TRADING PARTNERS OF NEPAL

EXPORTS

S.N.

Countries

F. Y. 2001/02

F. Y. 2002/03

F. Y. 2003/04

1

Germany

4,043,218,000

3,555,327,000

3,567,036,000

2

U.K

808,751,000

1,070,737,000

1,677,085,000

3

Italy

566,557,000

530,869,000

589,370,000

4

France

473,472,000

453,961,000

581,762,000

5

Switzerland

382,823,000

 

306,255,000

6

Portugal

 

414,680,000

 

7

Belgium

295,140,000

   
   

6,569,961,000

6,025,574,000

6,721,508,000

 

Euro

73,235,548.00

67,167,250.00

74,924,847.00

PERCENTAGE SHARE OF MAJOR COMMODITIES
IN THE OVERSEAS EXPORTS OF
NEPAL
F. Y. 2003/04(2060/61)

S. N.

Commodities

Unit

Quantity

Share in %

1

Woolen Carpet

Sq.m

1,648,918

26.1

2

Readymade Garments

Pcs.

38,994,326

45.6

3

Hides and Goatskin

Sq.ft.

6,627,864

1.4

4

Tea

M.T

1,002.2

0.5

5

Pulses (Lentils)

M.T

7,590

1.4

6

Cardamom (Large)

M.T

1,111

1.1

7

Sugar

M.T

9,250

1.9

8

Handicrafts

   

2.1

9

Silverware & Jewellery

   

1.5

10

Woolen & Pashmina Goods

   

7.0

11

Towel

   

1.2

12

Nepalese Paper & Paper Products

   

1.7

13

Wooden Goods

   

0.2

14

Others

   

8.3

 

Total

   

100.0

Tourism:

Country of Nationality

September

% Change

% Share '05 September

Jan-September

% Change

% Share '05 Jan-September

2004

2005

2004

2005

Austria

382

395

3.4%

1%

1,737

1,375

-20.8%

1%

Belgium

235

321

36.6%

1%

1,852

1,617

-12.7%

1%

Denmark

169

127

-24.9%

0%

1,607

1,035

-35.6%

1%

France

1,040

1,028

-1.2%

4%

10,118

7,019

-30.6%

4%

Germany

1,430

1,593

11.4%

6%

8,944

7,732

-13.6%

4%

Israel

654

892

36.4%

3%

2,824

2,469

-12.6%

1%

Italy

566

634

12.0%

2%

6,707

5,298

-21.0%

3%

Netherlands

562

492

-12.5%

2%

3,984

3,487

-12.5%

2%

Norway

129

106

-17.8%

0%

967

757

-21.7%

0%

Switzerland

347

334

-3.7%

1%

2,115

1,518

-28.2%

1%

Spain

985

978

-0.7%

4%

6,914

5,153

-25.5%

3%

Sweden

62

143

130.6%

1%

623

472

-24.2%

0%

U.K.

1,572

2,090

33.0%

8%

14,170

13,691

-3.4%

7%

Sub-Total

8,133

9,133

12.3%

33%

62,562

51,623

-17.5%

28%

To make more tourists to visit Nepal the followings are sought from the EC

1. Travel Advisory - Remove the tough travel advisory or at the least soften it
2. Insurance Issue -
3. Direct Access - Right now there are very few airlines connecting Nepal to Europe directly (only Austrian air is flying but only during season). European airlines need to be encouraged. HMG/Nepal will also cooperate
4. Joint Promotion - Assist Nepal for joint promotion be it press conference / advertisements / sales mission / tourism fairs etc. Matching fund concept can also be implemented
5. Human Resource Development - Assist Nepal in training much needed personnel from the tourism industry
6. Infrastructure Development - If possible extend cooperation in developing infrastructure specially in new tourism potential areas.