Nepali and Bangladeshi investors have collaborated to invest in a range of joint venture projects. Nepal’s hydropower has the potential to be a promising sector for a joint venture between the two countries.
The signing of a Memorandum of Understanding between Nepal and Bangladesh on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to taxes on income in March 2019 is expected to pave the way for the expansion of trade and investment between the two countries.