10. United States
Image Source: Things to Know
The United States is one of Nepal's most important trading partners. Nepal was recognized by the United States in 1947, and diplomatic ties were established in 1948. Bilateral ties are cordial, and the United States' policy goals are to assist Nepal in building a peaceful, prosperous, resilient, and democratic society. The US and Nepal have signed a trade and investment framework agreement, which will serve as a platform for bilateral discussions aimed at enhancing trade and investment, discussing specific trade concerns, and promoting more comprehensive trade agreements between the two countries. Following the introduction of the US Trade Facilitation and Trade Enforcement Act (H.R.1907) to aid Nepal's economic recovery following the 2015 earthquakes, the duty-free program went into effect on December 16, 2016. Headbands, blankets, hats, and gloves, as well as carpets and rugs, shawls, scarves, luggage articles, handbags, and other containers, and headbands, blankets, hats, and gloves, can now enter the US market with no tariffs. In Mid July 2020-21, Nepal exported 192 intraocular contact lenses to the US, with an export value of 522 thousand rupees.