Tim Watts, the Assistant Minister for Foreign Affairs, and Narayan Prakash Saud, Foreign Minister of Nepal, have signed the Nepal-Australia Trade and Investment Framework Agreement in Perth.
Minister Watts tweeted:
“The signing of this TIFA is just another demonstration of our strong ties. I’m looking forward to watching our economic relationship grow.”
On this occasion, Minister Watts reaffirmed the close friendship between Australia and Nepal.
“Australia and Nepal are close friends and our relationship is underpinned by deep people to people links – Nepali Australians are our fastest growing migrant community.”
He also noted that Nepali Australians represent the fastest-growing migrant community in Australia.
Reflecting on his visit to Nepal in 2023, Minister Watts emphasized his commitment to further enhancing the strong bilateral ties between the two nations.
During his Nepal trip, Minister Watts engaged with government officials and leaders from various sectors to explore opportunities for collaboration.
Minister Watts has expressed optimism about the future growth of the economic relationship between Australia and Nepal.
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