TABLE OF CONTENTS Introduction; Chapter I General Agreement on Tariffs and Trade - An Over View; Chapter II The Uruguay Round of GATT Negotiation - An Analysis; Chapter III Agreement on Trade Related Property Rights (TRIPS); Chapter IV Trade Related Investment Measures (TRIPS); Liberalisation and Nepalese Economy; New Industrial ~ Foreign Investment Policies of HMG of Nepal; Open Door Policy; Chapter V Agreement on Agriculture; Uruguay Round and Its Impact on Nepalese Agriculture; Chapter VI Agreement on Textiles and Clothing; The Importance of Textiles and Clothing in Nepalese Economy; Conclusion; Bibliography.