India has allowed
Nepal use two more customs points for third country import and relaxed ban on
Nepali language newspapers export to India too.
At the
concluding of the two-day Nepal-India Inter-governmental Committee (IGC)
meeting here today, the secretaries also signed 14-point agreement that allowed
Nepal to import bulk cargoes from third countries via two more customs points –
Jagbani-Biratnagar and Sunauli-Nautanawa-Bhairawa apart from current Raxual-Birgunj
route – export Nepali-language books and newspapers to India, and drive vehicles
from third countries by roads from Indian ports. However, a letter of exchange
would have to be signed soon in this regard.
India has
also agreed to revise modalities on transshipment for Nepal-bound goods.
India also agreed
to provide 10,000 cows to help Nepal meet milk shortage.
The commerce
secretary-level meeting today also agreed to facilitate exports of goods
imported from third countries and resolve quarantine issues on export of
agricultural and livestock products soon.
"Nepal
clarified on many issues of trade, transit and unanthorised trade that have
been pending since last two years," said commerce and supplies secretary
Madhav Prasad Regmi, after the signing ceremony.
We have
placed constructive agendas for both the governments to act on, said secretary
at the Indian Department of Commerce, Ministry of Commerce and Industry SR Rao,
hoping that Nepal’s trade could become more balanced. "India wants to promote
Nepal’s exports to India and beyond and find out ways to attract more Indian
investment to Nepal," he said, suggesting Nepal to increase domestic
manufacturing and promote hydropower to bridge the ballooning trade deficit.
Likewise, Nepali commerce secretary will visit India on February 14 to look for an additional Indian port – Vishakhapatnam Port – that Nepal could use to bring in goods from third countries.
Likewise, Nepali commerce secretary will visit India on February 14 to look for an additional Indian port – Vishakhapatnam Port – that Nepal could use to bring in goods from third countries.
India has also
agreed to resolve issues of rules of origin (RoO), while exporting goods
imported from third countries back to those countries. However, the two
governments will create an institutional arrangement in January for it.
India will
also sign a separate mutual recognition agreement on issuance of quarantine
certificates while exporting agricultural, livestock and other products from Nepal
as it has become a key hurdles to export.
Similarly, Nepal
also agreed to waive the five per cent Agriculture Reform Fee (ARF) on the
imports of Indian farm products at the time Nepal finds suitable.
Nepal also convince the Indian delegation, led by Rao, on continuation of customs duty on Indian cement and clinkers import as waiver could hit Nepali cement industry.
Nepal also convince the Indian delegation, led by Rao, on continuation of customs duty on Indian cement and clinkers import as waiver could hit Nepali cement industry.
Both the
South Asian neighbours, on the occasion, also discussed on investment promotion
and concerns of private sector to boost bi-lateral trade.
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