Relevance of WTO reform

December 3, 2019 10:45 am

Global merchandize trade has experienced slowdown after 2011 which is mainly attributed to the economic recession of 2009-10 and the drop in the prices of fuels and minerals in the ensuing years. The situation got aggravated as the US government made a big shift in its trade policy after 2016, introducing the element of protectionism under the banner of ‘make America great again.’

KATHMANDU, May 9: The crisis of trust in the left alliance has been laid bare after a cryptic tweet from Prime Minister KP Oli, allegedly directed at the CPN (Maoist Center), an ally in the coalition government, lashed out at “some opportunists used to changing power equations for personal gain.”

KATHMANDU, Feb 20: A recent study conducted by the Nepal Rastra Bank (NRB) shows that rise in government spending also fuels imports.

KATHMANDU, OCT 15: Prime Minister Sher Bahadur Deuba's decision to expand the cabinet just a few days ahead of elections has fuelled speculation about the possible expulsion of the CPN (Maoist Center) ministers from the government.

March 28: Indian Oil Corp has agreed to supply refined products to Nepal for the next five years to meet all the fuel needs of the landlocked Himalayan nation, officials said on Monday.

KATHMANDU, Nov 19: When India Prime Minister Narendra Modi withdrew the legal tender of Indian 500 and 1,000 rupee banknotes on November 8, it was meant to curb 'black money' and corruption, but the move itself has ironically created a new black market -- illegal exchange of those notes held in Nepal.