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August 6, 2001
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Money > Business Headlines > Report August 6, 2001 |
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Nepal-China ties make India uneasy: officialPushpa Adhikari in Kathmandu India is unhappy about Nepal's moves to boost trade ties with China, a Nepalese commerce ministry official says. According to official sources, India is worried about the possibility of Chinese goods flooding Indian markets via Nepal. The official, present at secretary level talks between India and Nepal, said: "Nepal is vying to open two more custom points to facilitate trade between Nepal and China and India (is) naturally not very happy with it. "The Nepali side tried to convince them," he said, even as talks between Indian Commerce Secretary Prabir Sengupta and his Nepali counterpart Bhanu Prasad Acharya on Sunday ended inconclusively. A Nepali commerce ministry statement said Acharya and Sengupta signed minutes of 25 agenda items discussed at the Kathmandu meet that began August 1. "India and Nepal agreed to improve physical facilities and infrastructure at border towns and provide security to Indian joint ventures in Nepal," it said. "India will consider waiving excise duty on fuel for Nepali aircraft in India." The inter-government committee meeting between India and Nepal is part of preparatory meetings for the renewal of a 1996 trade treaty between the two countries that expires on December 5, 2001. One of the major agenda items was sorting out difficulties in the enforcement of the trade treaty. New Delhi expressed serious concern over the increasing export of vegetable ghee, copper wire, zinc oxide and acrylic yarn among other products to India and blamed Kathmandu for their excessive exports since the 1996 treaty. "India has agreed to establish laboratory testing units at Raxaul (Bihar) and Gorakhpur (Uttar Pradesh) to determine the quality of Nepali food exports to India," said the official. On an optimistic note, the official told IANS: "The two sides have sorted out most of the contentious issues plaguing bilateral trade." Kathmandu and New Delhi would continue their discussions to start a direct rail link between the Birgunj dry port in Nepal and Calcutta, besides the approval for certification of Nepal Bureau of Standards for Nepali exports. Further talks will take place in India. Indo-Asian News Service |
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