India Nepal Preferential Trade Agreement

In addition to bilateral trade, Nepal`s transit trade is provided by twenty-two designated routes between the India-Nepal border and the ports of Kolkata/Haldia and Vishakapatnam. In addition, Nepal`s trade with and through Bangladesh also flows through India. The Indian government is helping to develop cross-border trade-related infrastructure. It includes the upgrading of four large custom checkpoints in Birgunj-Raxaul, Biratnagar-Jogbani, Bhairahawa-Sunauli and Nepalgunj-Rupediya to international standards; Development of border access roads on the Indian side; The extension and extension of the road network in the Terai region of Nepal; and to measure and expand rail links with Nepal. Birgunj`s integrated checkpoints are fully operational and Biratnagar`s are in the process of being completed. „The criterion for calculating capital gains for preferential access to India has been modified from the starting factory base to the FOB base. Nepal has ratified the South Asian Association for Regional Cooperation (SAARC) agreement on a free trade area in South Asia (SAFTA). Under SAFTA, ASAC`s eight countries (Nepal, Bhutan, India, Bangladesh, Pakistan, Sri Lanka, Maldives and Afghanistan) have committed to reducing product-specific tariffs and more than 5,000 items are eligible for preferential tariff treatment in participating countries. However, the long „negative list“ of products excluded from preferential tariff treatment under the SAFTA has limited the impact of the agreement on regional trade. Trends in merchandise trade between India and Nepal in recent years (Nepalese exercise: July 16 to July 15) are as lower. „A high-level meeting of the Government Committee on Trade, Transit and Cooperation is held at regular intervals to monitor unauthorized trade between India and Nepal. The Intergovernmental Conference provides a regular platform to review the implementation of previous trade and transit agreements and not only discusses new measures to facilitate bilateral trade and investment.

It is a platform to discuss and resolve issues related to bilateral trade between India and Nepal, the transit facilities that India provides to Nepal to facilitate trade with third countries, the promotion of investment, the improvement of infrastructure at land customs posts, the daily problems of regulating Nepalese traffic in transit, issues related to Indian investment in Nepal, etc. The 4th IgC/IGSC meeting was held From 26 to 27 April 2018 in Kathmandu, Nepal. Aware of the need to strengthen the traditional link between the markets of the two countries, the Government of India and the Government of Her Majesty of Nepal (hereafter referred to as „contracting parties“), aware of the need to strengthen the traditional link between the markets of the two countries, are part of the desire to strengthen economic cooperation between them, driven by the desire to develop their economies to multiple and reciprocal benefits, convinced of the benefits of the reciprocal exchange of scientific and technical knowledge and experiences in order to promote mutual trade, have decided to conclude a trade agreement to expand trade between their respective territories and to promote cooperation in economic development, by appointing the following people to this end. , i.e.: linked by direct flights between Nepal and India (Katmandou/Delhi, Mumbai, Calcutta and Chennai).

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