Preview

Trade Policy Nepal

Powerful Essays
Open Document
Open Document
10324 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Trade Policy Nepal
TRADE POLICY, 2009

TRADE POLICY, 2009
Publisher Government of Nepal

Ministry of Commerce and Supplies
Singh Durbar, Kathmandu, Nepal

: Ministry of Commerce and Supplies Singh Durbar, Kathmandu, Nepal First Publication : July, 2010 Numbers Published : 500 Publisher

FOREWORD
Trade is regarded as an ‘engine of economic growth’ as it has the pote ntial to spur sustainable, long-term economic development. Considering this fact, many developing countries are adopt ing the liberal economic and trade policies under the auspices of multilateral, regional and bilateral free trade agreements. Nepal has also pursued the open economic policies since mid 1980s which was accelerated in 1990s with the enactment of various pie ces of legislations including Privatization Act, Industrial Enterprise Act, Foreign Investment and Technology Transfer Act, Industrial Policy and Trade Policy, among others. It has acceded to the World Trade Organization (WTO) and also became the member of two regional trading blocs in 2004. Substantial works were taken up in the area of trade facilitation as the development of Inland Clearances Depots (ICDs), simplification of documents and procedures including customs reform and modernization and streamlining of transit movement of Nepalese trade. Nepal possesses vast potentials of promoting goods and services trade. Given the country’s diversified climate, topography and abundant natural resources there are ample opportunities to harness benefits by utilizing the available human capital and natural resources that could positively impact on living standards of the people. Trade development, thus, would be an instrument to create opportunities for marginalized and vulnerable groups of the society to participate and benefit from trade. Realizing the importance of trade and its multiplier effects in the economic development process, the Government of Nepal, introduced ‘Trade Policy’ in 1992 with a view to optimize the benefits from trade

You May Also Find These Documents Helpful

  • Good Essays

    Jansen, M. (2010). The Journal of International Trade & Economic Development. Developing countries, standards, and the wto. Retrieved from http://rx9vh3hy4r.search.serialssolutions.com/?ctx_ver=Z39.88-2004&ctx_enc=info%3Aofi%2Fenc%3AUTF-8&rfr_id=info:sid/summon.serialssolutions.com&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Developing+countries%2C+standards+and+the+WTO&rft.jtitle=Journal+of+International+Trade+%26+Economic+Development&rft.au=Jansen%2C+Marion&rft.series=Journal+of+International+Trade+%26+Economic+Development&rft.date=2010&rft.pub=Taylor+and+Francis+Journals&rft.issn=0963-8199&rft.eissn=1469-9559&rft.volume=19&rft.issue=1&rft.spage=163&rft.epage=185&rft.externalDocID=tafjitecd_v_3a19_3ay_3a2010_3ai_3a1_3ap_3a163_185_htm¶mdict=en-US…

    • 1353 Words
    • 1 Page
    Good Essays
  • Satisfactory Essays

    Marketing, Nepal

    • 333 Words
    • 2 Pages

    1. After the economic liberalization 1980s, Nepalese market has changed into buyers’ market from sellers’.…

    • 333 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    fallen to third behind Japan and Germany in the list of leading export nations (absolute volume basis).…

    • 9742 Words
    • 39 Pages
    Satisfactory Essays
  • Powerful Essays

    Is Free Trade a Wayforward?

    • 3320 Words
    • 14 Pages

    In this discussion I will argue that although free trade is said to be the engine for growth, a better way of achieving economic and social development and poverty eradication for the developing and participating countries, the realities behind it is still a mounting hostility with the process it self, especially by the millions around the world who have been thrown into poverty by market liberalizations from free trade agreements. Then I will also discuss some examples on the effects of free trade, as it will provide evidence to our people that free trade practices do not assist in closing economic gaps, but rather they assist in making these gaps wider. And also I will touch a little bit on the key players involve in free trade negotiations. Lastly in this discussion I will express in brief my personal view on this topic "Is free trade a way forward for Solomon Islands?…

    • 3320 Words
    • 14 Pages
    Powerful Essays
  • Better Essays

    The author’s use of literature was limited to collecting data needed and referencing the use of international trade concept to guide the research in this area. The article delved into an area that had not previously been researched and therefore had no real point of reference.…

    • 885 Words
    • 4 Pages
    Better Essays
  • Good Essays

    In this I am going to assess the methods to increase trade between countries and the methods to restrict trade between countries. When asses the methods of encouraging and restricting trade I will talk about the purpose for the methods of promoting and restricting international trade, identify how and why they might be used and I will decide how useful each method is giving appropriate reasons for it. International trade is the exchange of goods and services between countries.…

    • 864 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Due to Mount Everest being an amazing environmental feature, it attracts many tourists who are want to experience the Nepalese lifestyle and see the mountainous landscape first hand. This provides a large portion of Nepal’s gross national profit. It has affected Nepal in many ways especially in increasing…

    • 1209 Words
    • 5 Pages
    Good Essays
  • Good Essays

    International Simulation

    • 1136 Words
    • 5 Pages

    The different scenarios that involved international trade discussed the importance of trade as an aid in development. This is done by allowing countries with significant poverty to use the technology and markets that are larger. We saw that the simulation provided examples of the use of tools for international trade, such as taxation, quotas, and profit. By using taxation of tariffs we can see that the countries are able to monitor the use and trade theories. This is useful in monitoring the “dumping” of products which creates a negative effect on the economy due to the loss.…

    • 1136 Words
    • 5 Pages
    Good Essays
  • Good Essays

    In recent years, field of International Trade has risen to the new heights due to the fact that International Trade is becoming more and more a necessary catalyst behind the developments of many countries’ economies, economies such as China’s, Tanzania’s, etc. This has led to my interest in studying International Trade since I have a good foundation built through my major (International Economics & Trade) studies.…

    • 634 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Additional Financing for the Project for Agriculture Commercialization and Trade: The development objective of the Additional Financing for the Agricultural Commercialization and Trade Project for Nepal is to improve the…

    • 1265 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Himalayan Java is the first Specialty Coffee house in Nepal, which excels in quality and customer service. Himalayan Java has now been doing business in Kathmandu since 1999, and over the past fourteen years the company has grown and progressed in many areas. Himalayan Java coffeehouse is designed to promote coffee drinking and provide a unique, relaxing, comfortable, clean environment for customers. Himalayan Java introduces to the bounty of Himalayas through their own production of coffee beans from Kavre and many other places. Besides offering a coffee experience like no other, they also provide decent and steady employment for the local farmers who have come together in offering their finest harvest. In Nepal, coffee is predominantly consumed in the form of imported instant coffee, which is easy to prepare. The consumption of Nepali/filter coffee in Nepalese society is so far limited to elite groups. The present situation of the domestic market is not stable, and it is highly dependent on the number of tourists visiting Nepal. The sale of Nepali coffee varies proportionately with the increase or decrease in the number of incoming tourists.…

    • 7468 Words
    • 24 Pages
    Good Essays
  • Good Essays

    Prepared for a select group of U.S. government agencies interested in issues of trade and South Asia…

    • 14449 Words
    • 58 Pages
    Good Essays
  • Good Essays

    this is for this is for this

    • 9805 Words
    • 81 Pages

    resource potential, and needs and demands of target groups. The program is currently active in…

    • 9805 Words
    • 81 Pages
    Good Essays
  • Powerful Essays

    Nepal

    • 909 Words
    • 4 Pages

    NEPAL Kollin Smith Period-1 12-17-00 Mr. Sartian Introduction I am doing my report on a country by the name of Nepal. The formal name is The Kingdom of Nepal. The term for citizens is Nepalese. The capital of Nepal is Katmandu. Nepal became independent in 1768 when a number of independent hill states were unified by Prithri Narayan Shah as the Kingdom of Gorkha. The area of Nepal is 56,827 square miles. Its population according to the 1991 census was 18,462, 081. Nepal is located between China and India.…

    • 909 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    City and Kathmandu

    • 973 Words
    • 4 Pages

    Kathmandu, the capital of Nepal is the place I call my hometown. With many cultural heritages, natural beauties and diverse culture, its is a city where one can experience the modern and ancient events mingled with each other. Geographically situated between 27°38’32” to 27°45’7” North latitudes and 85°16’5” to 85°22’32” East longitudes. It is believed to have some of the oldest human settlements in the central Himalayas. The city area is generally flat, what is now a city was once a highly productive agricultural land.…

    • 973 Words
    • 4 Pages
    Good Essays

Related Topics