Indo-Nepal trade treaty to be amended within three months

October 21st, 2008 - 4:04 pm ICT by ANI  

Kathmandu, Oct 21 (ANI): Nepal and India have agreed to amend the bilateral trade treaty within three months.

The agreement was reached during the two-day Inter Governmental Committee (IGC) meeting between commerce secretaries of the two countries in New Delhi on Monday.

There has been understanding on issues in which the two countries want change in the trade treaty, said Purushottam Ojha, Secretary at the Ministry of Commerce and Supplies and head of Nepali delegation.

The changes will incorporate ways to further facilitate the bilateral trade and enhance Nepals trading capacity, he added.

The next meeting will be held in Kathmandu in three months to give the final shape to the changes in the treaty.

The Indo-Nepal Trade Treaty was signed in 1996. It has been renewed twice, Nepalnews reported. (ANI)

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