International Trade Issues and Strategy of Nepal in South Asian Region
1. Strategic Outlook on South Asia v Inter-regional trade accounts less 5% of overall trade with in south Asia Region. v Recent World Bank studies shows that if you actually look at the economic complementary and geographical proximity (nearness) of the south Asian countries, they should be trading 3 times more what is the case. v South Asia countries are trading with more outside the south Asia compared to with won neighbors v If fact India, Pakistan, Nepal and Srilanka have 2.9 times more restriction on trade on the south Asian Partners compared with rest of the world. These are the numbers shows that even though we have SAFTA, but still physical barrier exist and barriers of connectivity and also digital connectivity for potential di...