Nepalese Trade And Investment Barriers Report

China and Nepal have been making fruitful cooperation in various fields such as politics, economy and culture, and have achieved satisfactory results.

The economic and trade cooperation between China and Nepal has also shown a good momentum of development. From the early 90s of last century, few economic and trade cooperation jumped to the second place in bilateral cooperation.

Among them, exports to China amounted to 1 billion 720 million rupees (US $23 million), an increase of 55.8%, accounting for 3.5% of total exports; imports of 11 billion 370 million rupees (US $152 million), an increase of 1.5%, accounting for 9.1% of imports (the number of statistics in Nigeria was larger than our statistics).

The total investment of the project is US $27 million, which is jointly invested by China overseas construction limited liability company and Guangxi international economic and technological cooperation company in the form of BOT.

This is also the first investment project of our state company in Nepal.

Weakening the strength of state-owned enterprises and privatizing them, expanding the role of private enterprises in trade, attracting foreign investment, developing new products, improving the quality and output of traditional products, implementing trade liberalization, encouraging trade and industry integration, and promoting exports.

At the same time, we should increase output to meet domestic demand, pay attention to developing remote areas, promote product diversification, promote export earning, improve balance of payments, and meet domestic demand through imports.

Nepal is still mainly implementing the trade policy promulgated in 1992. The main laws and regulations include:

(1) Export & Import (Control) Act 1956, "import and Export Management Act (1956)".

(2) Trade Policy 1992 (trade policy (1992))

(two) the means to achieve the management of foreign trade:

In the trade policies and regulations promulgated by the Nepalese government in 1992, the catalogue of commodities prohibited from import and export, and some restricted export catalogues were stipulated.

According to the market supply and demand situation, the specific species will be published by the government in the "government gazette" on an irregular basis.

China's exports to Nepal are prohibited from re exporting to India.

In order to encourage exports, the Nepal government stipulates that the export commodities are exempt from customs duties in addition to paying 0.5% of the service charge. All taxes on the production link should be refunded, and all products imported from processed products will be exempted from all taxes.

It is determined by the difference between the imported goods and the local products of the same kind by the customs. The tax rate is not fixed, and the human factors are too big.

35% of exporters' foreign exchange earnings are sold to the government at official exchange rates, and 65% can be sold to commercial banks in accordance with market rates.

Import remittance can only be borrowed from commercial banks, with higher interest and mortgage.

There are three types of certificate of origin stipulated by the Nigerian government.

(1) the certificate of origin for the export of India - zero tariff on trade between Nepal and India;

(2) certificate of origin for export to South Asian countries - script src=> for South Asia