Nepal-India trade treaty review meeting soon

July 26, 2002
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The Nepal Chamber of Commerce organized an interaction programme on the problems faced in the implementation of the Nepal-India Trade Treaty, the RSS reported.

Nepal Chamber of Commerce President Rajesh Kaji Shrestha referred to the problems relating to laboratory, anti-dumping duty, quality checking quarantine, luxury and sales tax and special additional tax levied on Nepalese goods at the main transit points and quota fixed for export of Nepalese copper goods to India.

Former Commerce secretary and advisor of Nepal Chamber of Commerce Mohan Dev Pant said that the provision of renewal of the Nepal-India Trade Treaty every five years instead of automatic extension of the treaty singed in 1996 to attract foreign investment was not at all in the interest of Nepal.

Drawing the attention of the businessmen who had welcomed the Nepal-India Trade Treaty without studying and understanding it, Pant said that India had imposed the special additional tax and anti dumping duty for which no provision had been made in the trade treaty to control the export of Nepalese goods to India.

Pant said that unnecessary obstacles and burden should not have been created on export of Nepalese goods to India after imposing quantity restriction on Nepalese goods.