Trade Issues left to deal in Nepal
The wide trade deficit has become the normal phenomenon of the Nepalese economy. Liberalization has been initiated with the expectation that there will be the free flow of goods and services through which reciprocal benefit can reap up through the country's export, import and industrial development. Considering the same line, Nepal became the 154th member nation of WTO in 2004. The Nepal Trade Integration Strategy (NTIS), 2010 has introduced in which 17 product are targeted to strengthen the competitiveness of the Nepalese trade and later it was upgraded by NTIS, 2016 that recognizes potentials for product and value chain development in sectors: i). Agro and forest products (cardamom; ginger; tea; and medicinal and aromatic plants); ii). Craft and manufacturing products (all fabrics, textile, yarn and rope; leather; footwear; chyangra pashmina; and, knotted carpets); and iii). Services (skilled and semi-skilled professionals in various categories; Information Technology and Busi...