Nepal, India agree to review treaty amid widening trade deficit

AI Summary

Nepal and India have agreed to review their treaty amid concerns over the widening trade deficit. Experts suggest revising non-tariff barriers, reciprocal duty-free provisions, trade facilitation, and investment policies as Nepal's exports depend heavily on limited product categories.

Experts call for changes to non-tariff barriers, reciprocal duty-free provisions, trade facilitation and investment as Nepal’s exports remain heavily dependent on a few products.