Nepal loses on auto-renewal of trade treaty with India

According to SAWTEE research, Nepal can’t continue to afford to provide tariff-free access to heavily subsidized agricultural products from India. Therefore, select primary agricultural products, including cereals, must be removed from the list of primary products to which both countries are currently providing reciprocal tariff-free access.

“The trade treaty meeting should have been conducted by Nepal and officials should have proposed changes to the article that have been impacting Nepal’s trade. But the Nepal government ignored the issue,” according to experts from the South Asia Watch on Trade, Economics and Environment (SAWTEE). Find more