India and Nepal met to discuss improving bilateral trade facilitation and strengthening regulatory compliance.
Reader brief
Through the Reader lens: India and Nepal held a meeting of their Inter-Governmental Sub-Committee on Trade, Transit and Cooperation to discuss trade policy and infrastructure. The two nations examined issues ranging from agricultural standards to pharmaceutical regulations and logistics. Additionally, India participated in a Shanghai Cooperation Organization meeting where it advocated for digitalized customs, simplified procedures, and strengthened supply chains.
What was said2
Attributed, verbatim. Every quote is checked against the article it came from. One that does not match is not shown.
Ministry of Commerce
2 quotes“The discussions focused on facilitating legitimate trade while strengthening mechanisms to ensure compliance with applicable rules and prevent misuse of preferential trade arrangements”
In the article
…to agricultural products, dairy, food products, pharmaceuticals, medical devices and AYUSH products, along with standards and phytosanitary requirements, were considered in the meeting, the commerce ministry said. “ The discussions focused on facilitating legitimate trade while strengthening mechanisms to ensure compliance with applicable rules and prevent misuse of preferential trade arrangements ," the ministry said. Besides, they also reviewed rail and road connectivity, freight movement, Integrated Check Posts and land-port infrastructure. In a separate statement on a meeting of Ministers of the Shanghai…
“India has emphasised the important role of trade facilitation and digitalisation in reducing the cost and time associated with trade.”
In the article
…Integrated Check Posts and land-port infrastructure. In a separate statement on a meeting of Ministers of the Shanghai Cooperation Organization (SCO) Member States held on September 17 in Dushanbe, the ministry said India has emphasised the important role of trade facilitation and digitalisation in reducing the cost and time associated with trade. “In this context, India highlighted the need for simplified customs procedures, paperless trade and electronic exchange of documents, alongside stronger multimodal connectivity and reduced transit times," it said.…
Sources1
- [1]The Hindu BusinessLineneutralIndia, Nepal discuss facilitating legitimate trade