Burdensome barriers to trade

Non-tariff barriers and preference erosion have complicated Nepal’s export strategy.

With average world tariffs dropping and regional and multilateral tariff liberalisation expanding, tariff barriers to trade are no longer a big issue for international traders. For traders in low-income countries, including Nepal, they are even less of a worry as almost all rich countries offer preferential tariff treatment to their exports, except on some sensitive products in selected countries. But these developments have given rise to two troubling