Nepal, WTO and challenges
Nepal’s fate in the WTO will depend on its trade efficiency and policy.
Nepal’s fate in the WTO will depend on its trade efficiency and policy.
While global trade has raised people out of poverty, it has also caused trade imbalance and debt outstanding.
When population growth outstrips economic growth, the output per person falls.
An economic crisis like in Sri Lanka is inevitable, if Nepal ignores its early symptoms.
Nepal turned into a net food importer from an exporter after the 1980s due to abysmal farm policies.
Any policy devised to correct the trade imbalance, if done in isolation, will be pointless.
We need subsidies that are not only based on export turnover but on export innovation too.
Nepal reduced poverty with open economy and trade but lagged in maintaining growth.
Nepal’s graduation from LDC status is imminent, and the private sector seems to have stage fright.
Nepal is excited by the prospect of moving up from the LDC status, but dreads losing the benefits.
While everybody is forming blocs, South Asian countries are weirdly punishing each other.
Non-tariff barriers and preference erosion have complicated Nepal’s export strategy.
Nepal’s garment industry can be revived if the garment processing zone is operated proficiently.
Disagreements in trade negotiations are not new, but differences between rich and poor countries have intensified recently.
World commerce will depend on the agility of exporters and their ability to innovate.