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Navigating the Currents of Belt and Road Initiative: Perspectives on Least Developed Countries

This article aims to discuss the Belt and Road Initiative (BRI) from the lenses of Least Developed Countries (LDCs) and bring attention to some of the issues which may require profound thought. Most developing countries around the globe, especially the least developed ones, today face significant development funding gaps and a pressing need for infrastructure development. The BRI has given rise to new global geopolitical and geostrategic dynamics and fuelled intense debates around China’s increasing assertiveness in the conduct of its international relations. As far as countries with financing needs are concerned, while adjusting sails according to the changing geopolitical winds to propel growth momentum might seem like a lucrative position to exploit, it is often far from easy to maintain such a delicate balance, as we will see, analysing Nepal as an example in this article.


Tejeshwi Nath Bhattarai, Pratyush Nath Upreti, 'Navigating the Currents of Belt and Road Initiative: Per…

Editorial: The Belt and Road Initiative at the Cross Roads

This special Issue of the Global Trade and Customs Journal showcases a wide range of scholarly contributions to one of the most ambitious projects of the twenty-first century. In 2013, the Chinese Government launched the One Belt One Road Initiative (OBOR), now referred to as the Belt and Road Initiative (BRI); a highly ambitious infrastructure project that aims to link China physically and financially to Asia, Europe, Africa, and Oceania. It covers 30% of global gross domestic product (GDP), 62% of the population, and 75% of known energy reserves, offering a trading route, which has a potential to be the world’s largest platform for regional collaboration. It has opened a new market to China and certainly spurs the economy in general. The initiative aims to establish and develop trading partners for the future through connectivity and infrastructure, where trade continues to be a driving force. Many countries have shown interest in joining the initiative because it will strengthen t…

Prioritise intellectual property rights

Nepal joined the World Trade Organisation in 2004, but it began making legislative reforms only recently. Speaking at the Nepal Investment Summit 2019 held last month, Prime Minister Oli said that the country was a virgin land with huge potential for foreign investment. To attract and facilitate foreign investment, Nepal has introduced the Public Private Partnership and Investment Act, and the Foreign Investment and Transfer of Technology Act as part of policy reforms.

In 2017, Nepal approved the long overdue National Intellectual Property Policy. It aims to achieve economic prosperity by preserving, using and protecting various aspects of intellectual property. The policy lists several objectives and one key commitment—to achieve the said objectives through legislative reforms within two years. Unfortunately, the National Industrial Property Code couldn’t be finalised before the 2019 Investment Summit. Many had expected that the Investment Summit would hasten the process of finalisin…