Indo-Nepal trade treaty discussed

KATHMANDU, AUG. 5. India today raised the issue of increasing imports of vanaspati, acrylic yarn and zinc oxide from Nepal at the secretary-level trade talks between the two countries and it was agreed to continue consultations to address the issue.

At the meeting of an India inter-governmental committee on trade and transit that concluded today, India also agreed to waive excise duty on fuel supplied to Nepalese aircraft in India.

Discussions were also held on the provisions of the 1986 India- Nepal treaty of trade, and it was decided to increase the pace of implementation of its provisions.

Nepal asked India to waive the premium on the leased properties at Kolkata port, set up lab-testing facilities at Raxaul and Gorakhpur for foodstuffs imported from Nepal, resolve the concern of Indian joint venture industries and improve facilities at major transit points between the two countries.

- UNI

Send this article to Friends by E-Mail

Section  : International
Previous : U.S. helping Pak.: Aziz
Next     : Sri Lankan jets bomb LTTE bases in north, east