Nepal – Colombia Relations  


Nepal – Colombia Bilateral Relations
The relations between the Republic of Colombia and Nepal are based on mutual friendship, confidence and goodwill since the establishment of diplomatic relations on 7 May 1987. The Nepali Ambassador to Brazil resident in Brasilia is accredited to Colombia and Colombian Ambassador to India resident in New Delhi is accredited to Nepal.

Nepal and Colombia share the common views in many international relations. Colombia, as a member G-77, shares the common views on matters of developing countries. Colombia has played important role in the development of the Non-Alignment movement and hosted its 11th summit in Cartagena in 1995. The Nepali delegation was led by the then Prime Minister Mr. Sher Bahadur Deuba. Former Minister for Foreign Affairs Mr. Chakra Prasad Bastola had also participated in the 13th Ministerial Conference of the NAM in April 2000.

The two countries have also exchanged their experiences on post-conflict peace process on several occasions.

In response to Nepal’s call for international support in the aftermath of the 2015 earthquakes, Colombia extended support through the UN Central Emergency Response Fund. One of the potential areas of cooperation between the two countries could be Colombian expertise and experiences in growing and marketing coffee.

 

Trade/Investment
The size of interactions on trade, investment and tourism between Nepal and Colombia is nominal at the moment. Some of the commodities imported by Nepal from Colombia are chemicals and machineries. Nepal exports carpets and textiles, work of art, etc. Trade volume between Nepal and Colombia for the last few years is shown in the table below:

In USD

Year Export Import Balance
2015 20,964 89,673 -68,709
2016 4,027 41,658 -37,631
2017 22,919 22,919 -13949
2018 7,646 3,661 3,985
2019 1,882 17,032 -15,150

(Source: TEPC)

As of July 2019, one project under Colombian investment is in operation with an investment of Rs. 23.70 million which has created 48 jobs in Nepal.

 

August 2020