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International trade blog

Foreign diplomatic relations of Nepal

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Nepal has a unique status in international diplomacy. It borders India from the south, east, and west, while China border lies to the north. For decades, its foreign policy has closely been related to a fine mixture of relationships regarding India and China, two powerful neighbors with overwhelming international linkages for security, development, and economic […]

Import duties in Nepal

An illustration featuring elements of global trade such as a plane, shipping containers, a globe, coins, a truck, and a laptop with currency symbols.

The Customs Act of 2007 and its later changes, as well as the Customs Tariff Schedule, direct Nepal’s import tax framework. These guidelines are in accordance with the Harmonized System (HS) Code, which is a generally utilized classification scheme for products. The objectives of Nepal’s levy strategies are to safeguard local enterprises, empower homegrown creation, […]