Saturday, August 2, 2008

Reform in trade facilitation in Nepal- NOT!

According the Doing Business Report 2008, Nepal did not enact any reform in 2006/07 in crucial trade parameters like trading across borders, protecting investors, and dealing with licenses, among others.

Trading across borders is so taxing that it still takes 9 documents, 43 days, and US$1,600 per container for completion of a normal export process. Meanwhile, importing is much more unfriendly: it takes 10 documents, 35 days, and US$ 1,725 per container.