Placeholder canvas

US starts implementing trade preference programme for Nepal, implications fro India

Date:

The US has started implementing a trade preference programme for Nepal under which different types of products that meet eligibility criteria will be imported duty-free from the Himalayan nation.

The Nepal Preference Programme is authorised for ten years and designed to help Nepal’s economic recovery from the earthquakes that struck the country in 2015, according to a statement by the US Embassy. Trade Facilitation and Trade Enforcement Act of 2015, was signed by US President Barack Obama yesterday.
It will also help Nepal in making disaster resilient buildings.

Though the move is a very generous and supportive step for Nepal, it can be seen as another step by US for its Asian pivot point approach. It may make a opening for US in the Asian region, close to China and India.

Also, the exports by Nepal could also be done by Indian states in the Himalayan region. This may also increase the economic competition.

(inputs from PTI)

Also Read: Demonetisation is “firebombing” of 99% honest people: Rahul Gandhi

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

From Deepfake Concerns To India’s AI Mission PM Modi Interacts With Bill Gates

New Delhi: Prime Minister Narendra Modi engaged in a...

NewsMobile Morning Brief

Actor Govinda Joins Eknath Shinde’s Shiv Sena Ahead Of...

Gangster-Turned-Politician Mukhtar Ansari Dies Of Cardiac Arrest

Banda: Gangster turned politician Mukhtar Ansari passed away at...

IPL 2024: Rajasthan Royals Defeat Delhi Capitals By 12 Runs

Jaipur: Rajasthan Royals clinched a 12-run win over Delhi...