Australia-Nepal deal


Australian Foreign Minister Penny Wong and Nepal’s Foreign Minister N P Saud oversaw the signing of the Australia-Nepal Trade and Investment Framework Arrangement (TIFA) during the Seventh Indian Ocean Conference in Perth. The goal is to boost trade between the two nations. Australia is Nepal’s sixth largest foreign investor and a popular destination for Nepali students. Australia is Nepal's fifth largest source of foreign tourists. The deal marks a milestone as Australia and Nepal celebrate 64 years of bilateral relations. 

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