Experts Call for Nepal to Reconsider Duty-Free Access Provided to Indian Agricultural Products
As the upcoming Nepal-India Commerce Secretary-level meeting approaches, experts are urging a review of several provisions within the bilateral trade and transit treaties between the two countries. Though the Inter-Governmental Committee (IGC) meeting is scheduled for November, the exact date has yet to be finalized, according to officials from the Ministry of Industry, Commerce, and Supplies.
The trade treaty was automatically renewed for seven years in October 2023, with the transit treaty receiving a similar extension in June 2023.
Speaking at an event hosted by the Nepal-India Chamber of Commerce and Industry on Monday, experts highlighted the need for Nepal to reassess the duty-free access provided to Indian agricultural products, as well as revisions to rules concerning the Certificate of Origin.