Dear Sir/Madam,
This is our pleasure to invite all of you to a business seminar on "Bilateral Economic Relations between the US and Nepal" on September 7th, 2013. This seminar will be hosted and organized jointly by Baltimore Association of Nepalese in America (BANA) and Baudik Sansar Educational Academy (BSEA).
The program will have two sessions: Opening Ceremony and Paper Presentation. The main focus of this presentation will be on the issues of bilateral economic activities, business interests, viabilities and challenges.
1.Presentation Topics: Nepal-U.S. Bilateral and Trade Relations by Krishna Regmi
The presentation begins with the description of relationships between Nepal and the United States. Then it talks about the U.S. government aid, and investment in Nepal as well as its problems. Another important content about the presentation is a trade scenario between the two countries. Nepal's export to the U.S. has been declining over the years. Thus, it analyzes the causes of decline in details. Lastly, tourism prospect is discussed.
Synopsis: The United States recognized Nepal in 1947, and established diplomatic relations began in 1948. In January 1951, the U.S. became the first donor to extend bilateral aid to Nepal. The U.S. has supported around $1.4 billion to Nepal so far. U.S.'s trade relation with Nepal was based on most-favored nation (MFN) principle. However, the World Trade Organization (WTO) made such a relation irrelevant. Nepal's priority should be on luring investment and trade from the U.S. It is the third largest investor in Nepal, with 174 projects worth around US$ 190 million. Nepal has been reforming over the years to attract private investment, both domestic and foreign. Efforts are on to relax and simplify regulations. Private investment is now welcome in sectors that were state-monopoly just some years back. However, Nepal needs to work out on different areas to create a conducive atmosphere for investment. Major problem for investment in Nepal include problems in funds repatriation, honoring contracts and dispute settlement, labor disputes and shortage of skilled workers, inadequate and poor infrastructure, and power outrage. Nepal-U.S. trade relations paint discouraging picture. Nepal is 165th largest goods trading partner for the US. Nepal needs to focus on enactment of SEZ, and utilizing the Generalized System of Preferences (GSP) to promote trade. There are problems in both the private sector and the government. The private sector focuses on short-term profit, and always attempt to a fruitless "easy route", like demanding quota, rather than focusing on quality. Furthermore, tourism is another area with lots of potentiality.
About presenter: Krishna Regmi is a Ph.D. student in Economics in Lehigh University, PA. His research interest lies in applied econometrics, particularly causal inference and treatment effect, labor economics and public economics. His current recent projects include investigating the possibility of a common currency in South Asia, evaluating the disincentive effect of extended unemployment benefits in the U.S. during the Great Recession and its aftermath, and evaluating teachers salary and performance in the U.S. Prior to coming to the U.S., he was an economics reporter with The Kathmandu Post. For more information, visit his website at www.krishnaregmi.com.
2.Presentation Topic: Nepalese American entrepreneurship, Present Condition, Challenges and Future Ahead by Kul Mani Acharya
Synopsis:
Although there is no definite means to determine the exact number, with the increased number of Nepali immigrants, Nepalese American entrepreneurs are also increasing in number. These Enterprises are diversified into different categories and each of them is facing their own challenges and possesses their own opportunities. There are best practices to share and there are common challenges to overcome. This presentation covers the present condition and approximate number of such businesses around the USA, challenges and opportunities, a comparative look with other immigrant communities and talks about the future ahead.
About the Presenter: Kul Mani Acharya is the CEO and one of the owners of the Kalika Construction Group USA, A general construction company working in the road and highway sector with state and local government in Maryland. He is a civil engineer and a graduate in business management with additional master degree in sociology. He possesses several licenses and certification including business planning, small business management, home improvement, traffic management and other construction/engineering related subjects from the state of Maryland.
Mr. Acharya is running his business as a chief executive for the last 5 years and prior to that he earned his experience in the non-profit sector, engineering consulting company and several retail business including liquor store and gas station. He is also socially active in Nepalese Diaspora working in different capacities including as Board of Director, American society of Nepalese Engineers and business forum coordinator, Baltimore Association of Nepalese in (BANA).
If you have any questions regarding small businesses in USA and Nepal America economic relations, our panelist and presenters will be more than happy to provide you proper responses.
We look forward to seeing you at the Seminar.
Date: 09/07/2013
Time: 10:00 am- 2:30 pm (Lunch is being served)
Venue: Best Western plus
1100 Cromwell Bridge Rd,
Towson MD 21286
Contact number: 866 539 8430
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