Kathmandu, January 17
A week after India stopped importing refined palm oil from Nepal, the country’s top export item, the government has formally asked the southern neighbour to allow Nepali traders to export the commodity in the Indian market.
Citing that the ban imposed on import of palm oil is against Nepal-India trade relations and does not align with the spirit of bilateral trade treaties between the two nations, the Ministry of Industry, Commerce and Supplies (MoICS) today sent a letter to related Indian authorities through the Ministry of Foreign Affairs urging the Indian government to lift the ban imposed on import of the product.
Similarly, the government in its letter sent to the Indian government has stated that the refined palm oil that Nepali traders have been exporting to India is highly refined and complies with the value addition provision. Also, MoICS has stated that Nepali traders have been exporting only consumer packs of refined palm oil to India and Nepal is not a bulk exporter of the commodity.
“We’re not bulk exporters. Nepal exports palm oil in small packages ranging from one kg to 15 kg, which are widely used by Indian households.
Our palm oil exports account for a mere one per cent of Indian imports of the commodity,” informed Nabaraj Dhakal, joint-secretary at MoICS. “We are hopeful that the ban on import of refined palm oil from Nepal will be lifted as India’s import restriction on the product did not primarily intend to curb import of the product from Nepal.”
Read the full story on The Himalayan Times