In a move addressing its widening trade deficit with India, Nepal sought a preferential treatment for its shipments to India.<\/p>\n
Towards addressing the gaps arising out of India\u2019s skyrocketing imports against Nepal\u2019s sluggish exports, Nepal has reportedly requested preferential treatment for its agriculture exports and integration of its manufacturing units to Indian value-chain.<\/p>\n
Nepal and India discussed this at a joint committee meeting held in New Delhi during August 9-10, 2018, to review the Indo-Nepal Trade Treaty<\/a>.<\/p>\n Nepali delegation led by the Joint Secretary at the Nepali Ministry for Industry, Commerce & Supplies Ravishankar Sainju and Indian officials discussed complete removal of preferences and reciprocity in trade of agricultural and manufacturing products as part of the review process.<\/p>\n The review of Indo-Nepal trade treaty is the result of concerns raised by trade experts of Nepal over widening trade deficit between the two countries.<\/p>\n