1. Presented By:
Group 1
Anjana Joshi
Ashrit Maskey
Asik Basel
Bandana Khadka
Bijay Pandey
Bindu Panta

2.  Set of rules and regulations that are intended to change international
trade flows, particularly to restrict import.
 The basis for this trade policy is the Trade policy of 2009 .
 It has taken into consideration how the neighboring and other
similar country has benefited from the international trade.
 This new trade policy 2072 has been formulated to take benefit from
bilateral, regional and multilateral trading arrangements.

3.  After 2046 our country moved forward to an open and liberalized
economy.
 Prior trade policies include trade policy 2049, trade policy 2065.
 The 13th annual 3 year plan also focused on the importance of trade.
 Nepal Trade Integration Strategy, NTIS 2010 includes framework
for the development of trade.

4.  It aims to :
 promote domestic industries
 Manage growing imports
 Boost exports
 So that trade becomes an engine for the economic development of
the country.

5.  Nepal became the member of WTO on April 23,2004 in order to take
benefit from the opportunities provided to LDC.
 Nepal faces a huge trade deficit, due to high imports and minimal
exports.
The major cause of this problem are:
 Insufficient infrastructural development
 poor labor relations
 weak institutional framework

6.  Poor investment-friendly environment
 Low FDI
 No match between population growth and production
 High remittance leading to consumption of imported goods
 Post impact of earthquake and blockade (more widening trade
deficit)

7.  Reduction of trade deficit
 Export is mainly comprised of low value added manufactured and
agricultural products.
 Overall decline in production and productivity.
 Unable to capitalize on products and services as per NTIS,2010.

8.  Weak quality testing, authentication, labeling and packaging.
 Poor infrastructure that is not conducive to do business.
 Lag in the implementation of Special Economic Zone (SEZ).
 Insufficient power supply i.e. energy crisis.

9.  According to the 13th Annual Year Plan:
 Nepal will become developing country from LDC category by 2079
B.S. (2022).
 Reduce poverty line to 18 percent.
 Trade policy provides an impetus to do so with an appropriate
vision, strategies, objectives and working procedures.

10.  To enhance the capacity of export-oriented service firms:
(Engineering, Tourism, IT, Business process outsourcing, Health
and Human Resource Development)
 To increase the competitiveness of the domestic product.
 To align the policy with other related policies that have larger
impact on trade.

11.  To boost production by reducing supply side constraints.
 To reduce the trade deficits through promotion of high value added
exports.
 To promote and protect IPR rights at regional and international
level.

12.  Government plays the role of facilitator, guardian and regulator
increasing the participation of private sector.
 Reduce trade deficit by reducing the import.
 Goods with comparative and competitive advantage will be identified
and promoted in export.
 Improve the competitiveness of export-oriented service area.
 Decrease transaction costs through procedural simplification and
institutional consolidation.

13.  Expand market by utilizing bilateral, regional, multilateral
opportunities with economic diplomacy for trade expansion.
 Improving both the goods and service competitiveness as
complementary to each other in terms of regional and international
production network.
 Promoting and increasing trade expansion related to IPR in global
market.

14.  Enhancing the role and professional capacity of government and
private sector entities.
 Promoting export oriented products of firms having competitive and
comparative advantage.
 Reducing import to reduce trade deficit.
 Increasing competitiveness of export-oriented firms (service).
 Reducing transaction costs through procedural simplification and
institutional strengthening.

15.  Establishing business as mainstream of the economy.
 Expand market by utilizing bilateral, regional, multilateral opportunities
with economic diplomacy for trade expansion.
 Improving both the goods and service competitiveness as
complementary to each other in terms of regional and international
production network.
 Promoting and increasing trade expansion related to IPR in global
market.

16.  Both processed and non-processed goods
 Other than India
 Flat percent of 1(up to 30%) and 2(more than 30%)
 Based on value addition

21. The policy has made provision for the following institutions
i) Board of Trade: It consists of 23 members. Its functions are:
Assist in trade-related policy formulation
Coordinate implementation of trade policy
Recommend amendments in trade policy
Give suggestions to the government to remove obstacles to open and
liberalize trade.
Carry out other activities related to trade facilitation

22. ii) Trade promotion institute: Concert trade and export promotion
centre into an autonomous Trade Promotion Institute
iii) Special economic zones and Processing zones

23. Help Nepal to export