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India - Nepal Treaty of Trade

Area of Cooperation

Goods

Sign Date

January 1, 1991

In Force Date

December 31, 1969

Summary

The government of India will allow Nepal customs duty free access to the Indian market. The treaty has had a positive impact on Nepal in both trade and economic development. The treaty gets renewed every five years unless a party wishes to end the treaty.
http://commerce.nic.in/nepal.doc

Scope

                                                               i.      Bilateral

 
Rules of Origin

                                                               i.      Change in tariff classification

                                                             ii.      Value added minimum 35%

                                                            iii.      No specific process required

 
Contingency

                                                               i.      Anti - Dumping: n.a.

                                                             ii.      Countervailing Duties: n.a.

                                                            iii.      Safeguards : Allowed

 
News/Studies

                                                               i.      “Indo-Nepal trade treaty to be recast”               http://www.bilaterals.org/article.php3?id_article=4447

                                                             ii.      “Indo-Nepal trade treaty renewed”              http://www.hinduonnet.com/2002/03/03/stories/2002030300851100.htm

 
Additional Links

                                                               i.      http://commerce.nic.in/india_rta.htm#h21