Stories By 'Rajesh Khanal'
Nepal will be raising issues related to quarantine, technical barriers to trade (TBT), transshipment modality, bulk cargo movement and inland waterways at the Nepal-India Intergovernmental Committee (IGC) meeting slated to start Thursday in Kathmandu.
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Inaction on the part of the Competition Promotion and Market Promotion Board has allowed syndicates and cartels to flourish, officials said. The public has suffered because the board, which was formed more than a decade ago, has not been implementing competition laws effectively.
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The KP Oli government has taken a dim view of privatisation pursued by successive governments since 1990. In its first policy paper on economy that came out on Friday, the government said the privatisation drive of the ’90s has failed essentially.
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Nepal faces a number of non-tariff barriers to its exports despite being a member of the World Trade Organisation (WTO) and the South Asian Free Trade Area (Safta) which promise hassle-free cross-border movement of goods and services.
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Cooperatives have been brought under the Money Laundering Prevention Act a decade after the law was passed. The Department of Cooperatives has enforced the Directive on Money Laundering Prevention for Cooperatives, opening the cooperative sector to government scrutiny.
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Nepal will be sending a shipment of ginger to Italy for the first time in a move to diversify the export market for the spice which is currently limited to India.
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