Opportunities to Nepal from WTO/TRIPS
- Access to global market
- Change of direct foreign involvement in trade
- Technology advancement
- Demand for natural resources, wildlife and medicinal plants and chance of ecotourism
- Lowering in price due to competition which will be beneficial for consumers.
- Health security to the part of human, animals and plants.
- Transparency and trade related dispute settlement
- Assistance with respect to skill enhancement and technical support.
Challenges to Nepal from WTO/TRIPS
- Disturbance in production and trade due to low availability of resources and topography.
- Lower ability for competition in global market.
- Chance of accepting hard clauses in the name of foreign assistance.
- Increase in price and monopoly due to patent right and intellectual property right by some countries.