Vol. 2 (2) Dec. 2020

Article ID. JHSSR-1054-2020[2]

Opportunities and Challenges of BRI to Nepal: A Nepalese Perspective

Eak Prasad Duwadi

Abstract:

Despite geopolitical complexities riveting the Asian region, Nepal, as an immediate neighbor, has formally joined the China-led Belt and Road Initiative (BRI), with an anticipation to promote mutual beneficial cooperation in various fields including infrastructure up-gradation, economic development, and enhancement of the capacity in the service sector, technology transfer, cultural collaboration and above all growth of tourism sector. Because of the connectivity, millions of Nepalese and foreigners visit or go to China through Nepal. The BRI was introduced in 2013 aiming to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes. This research is done by using the secondary data: Journal articles, conference proceedings, various documents of government, books, newspaper articles, magazine articles, and websites. The paper explores future risk and current opportunities for Nepal when the Nepalese government engages in the contract with the Chinese government. However, BRI does not demonstrate as an opportunity for Nepal from American lens.

DOI: https://doi.org/10.37534/bp.jhssr.2020.v2.n2.id1054.p15