In 2013, China unveiled its dream of retrieving the ancient Silk Road by undertaking massive infrastructure projects and adding value to ports around the Silk Road. The Belt and Road Initiative (“BRI”) refers to China’s proposed Silk Road Economic Belt and Maritime Silk Road This big project has recently been accepted by Nepal. Nepal has its own foreign direct investment (“FDI”) laws and policies. This paper aims to analyze these laws and policies from the perspective of China’s BRI. The specific objective is to explore the importance of BRI in Nepal and the major challenges for its implementation in reference to Nepalese FDI laws and policies. The essence of BRI is to promote regional and crosscontinental connectivity between China and other countries along the Belt and Road. The BRI is relevant to social, cultural, and economic development of its associated countries. Trans-Himalayan connectivity, political transition of Nepal and property right of Nepal is the leading challenges for BRI implementation in Nepal.

1. Introduction
2. Historical Background of the BRI
3. FDI related Law and Policy in Nepal
    A. Foreign Direct Investment Policy in Nepal
    B. Foreign Direct Investment Law in Nepal
    C. Foreign Direct Investment Condition of Nepal in 2015/16
    D. FDI related Agreementsfor theimplementation of BRI in Nepal
4. The BRI in South Asia including Nepal
    A. The BRI in South Asia
    B. The BRI Situation in Nepal
5. Major Projects under Chinese Assistance
6. The Industries Approved for FDI bythe Nepalese Government
7. Modern Relations between China and Nepal
8. Relations between FDI Law andImplementation of BRI in Nepal
9. Challenges for Implementing the BRI in Nepal
    A. Political Challenge
    B. Labor Challenge
    C. Interconnectivity
    D. Domestic Politics
    E. India
    F. Environmental Challenge
    G. Property Right
10. Benefits of the BRI to Nepal
11. Conclusion
References

• Mukunda Adhikari(Xi’an Jiaotong University School of Law. LL.M./M.Ed.(Tribhuvan Univ., Nepal).)
• Zhi Guo Ma(Xi’an Jiaotong University ("XJTU") School of Law; Vice President of the China Law Association on Science and Technology and Director of the Intellectual Property Research Institute of XJTU.)
• Kabita Dahal(Supreme Court of Nepal.)