Strict customs reduces cross-border trade
▸ Part of: Nepal's strict customs policy slashes cross-border trade by 75%, traders protest
Trade across the Nepal-India border has decreased by up to 75 percent following Nepal's strict enforcement of customs duty on goods exceeding Rs. 100. The Rupaidiha Udyog Byapar Pratinidhi Mandal submitted a memorandum to the Indian government, highlighting the business crisis in Rupaidiha and demanding changes to the rule. While Indian traders face losses, the Nepalgunj Chamber of Commerce and Industry reports a revival of markets on the Nepali side due to the tighter controls.
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