Tuesday, May 1, 2012

USA investors encouraged by Nepal's political development


Lorraine Hariton, the US State Department's Special Representative for Commerce and Business Affairs, has said Nepal's recently-achieved success on peace and constitution writing front has encouraged US investors.

"Though there are wait and see situations, the US is committed to work in Nepal with its new investment proposals," she said at an interaction organised by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) here on Sunday.

Saying that entrepreneurship development is key to sustainable economic development of a country, Hariton urged the Nepali private sector to concentrate on this area. Identification of entrepreneurs, development of business environment for them, introduction of appropriate laws and policy and access of market are the steps towards entrepreneurship development, said Hariton, who arrived in Nepal on Friday on a five-day visit.

"The maximum mobilisation of youth in economic activities will develop entrepreneurship in them and will foster the growth of national economy," she said, adding that her county would support youth entrepreneurship development in Nepal.

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