Nepal and the Republic of Cyprus established diplomatic relations on 18 August 1980. The relations between the two countries have always been warm, friendly and cordial marked by mutual respect, trust and understanding of each other’s views and interest. Nepalese Ambassador to Israel is concurrently accredited to Cyprus and Ambassador of Cyprus in New Delhi, India is concurrently accredited to Nepal.Both the Governments have appointed Honorary Consuls in each other’s capital cities.
High Level Visits/ Meetings:
Exchange of high-level visits between the two countries has helped in fostering friendly relations between Nepal and Cyprus. Late King Birendra and Queen Aishwarya paid an official visit to Cyprus in 1982. Prime Minister Rt. Hon. Mr K P Sharma Oli had visited Cyprus in 2003 in his then capacity. Recently, Hon. Minister of Culture, Tourism and Civil Aviation Mr Yogesh Bhattarai visited Cyprus on 14-15 February 2020 in course of inaugurating Visit Nepal Year 2020 in Cyprus.
So far, there have been no significant exchanges in the economic field between the two countries, except the presence of a sizeable Nepali Diasporas in Cyprus, a few hundred Cypriot tourists visiting Nepal every year and Cyprus as a destination for higher studies for few Nepalese students. Given the importance of Cyprus as EU member, there exists scope for further expanding and deepening cooperation between the two sides, especially in tourism, investment, and foreign employment sectors.
The trade relations between Nepal and Cyprus are growing day by day. Nepal exported articles of silver jewellery and precious metals, wood articles, paper and paperboard, readymade garments to Cyprus whereas the Pharmaceutical products have been the main import-items from Cyprus which occupied 99.4% of the total import last year. Nepal exported goods worth nearly $1,337 whereas imported goods worth $95,728 in 2019.
|Year||Export ($)||Import ($)||Trade Balance ($)|
As of Nepali 15 July 2020, there were 4 projects approved for Foreign Investment with financial resource valued NRs. 812.50 million from Cypriot entrepreneurs. The projects were expected to creating employment opportunities for over 375 persons.
Europe and the Americas Division
Ministry of Foreign Affairs