Trade Policy Reforms for the Twenty First Century : The Case of Nepal
This report examines how Nepal could move away from a remittance-driven growth model by reforming its trade policies to increase competitiveness. It looks at the extent to which Nepal has been tapping into its trade potentials, the underlying obsta...
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| Format: | Policy Note |
| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/656801513235860109/Trade-policy-reforms-for-the-twenty-first-century-the-case-of-Nepal http://hdl.handle.net/10986/29058 |
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okr-10986-290582021-09-11T05:10:38Z Trade Policy Reforms for the Twenty First Century : The Case of Nepal Narain, Ashish Varela, Gonzalo TRADE BUSINESS AGREEMENT GOVERNANCE IMPACT OPENNESS INSTITUTIONS TRADE POLICY PREFERENTIAL TARIFFS COMPLEMENTARITIES EXPORT COMPETITIVENESS GENERALIZED SYSTEM OF PREFERENCES GSP TRADE INTEGRATION IMPORT TARIFFS This report examines how Nepal could move away from a remittance-driven growth model by reforming its trade policies to increase competitiveness. It looks at the extent to which Nepal has been tapping into its trade potentials, the underlying obstacles that it faces, and the type of reforms that could turn trade and investment into a vehicle for growth. Five key messages emerge. First, Nepalese exporters remain small and struggle with increase their shipments once they enter a new market, rather than with the fixed cost associated with entering. This is due to severe supply-side constraints that affect their trade and production costs. Second, Nepalese firms underutilize existing trade agreements and granted trade preferences. Third, diversification opportunities lie in fast-growing economies in East Asia and the Pacific. Efforts regarding connectivity, trade facilitation and export intelligence could help firms get to those markets. Fourth, to reduce the anti-export bias of its trade policy, Nepal needs to simplify its tariff code, reduce tariffs on intermediates, and embrace deeper integration, starting with more openness to services and investment. Fifth, trade reforms in Nepal are welfare enhancing and, on average, pro-poor. 2017-12-19T23:02:55Z 2017-12-19T23:02:55Z 2017 Policy Note http://documents.worldbank.org/curated/en/656801513235860109/Trade-policy-reforms-for-the-twenty-first-century-the-case-of-Nepal http://hdl.handle.net/10986/29058 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Notes Economic & Sector Work South Asia Nepal |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
TRADE BUSINESS AGREEMENT GOVERNANCE IMPACT OPENNESS INSTITUTIONS TRADE POLICY PREFERENTIAL TARIFFS COMPLEMENTARITIES EXPORT COMPETITIVENESS GENERALIZED SYSTEM OF PREFERENCES GSP TRADE INTEGRATION IMPORT TARIFFS |
| spellingShingle |
TRADE BUSINESS AGREEMENT GOVERNANCE IMPACT OPENNESS INSTITUTIONS TRADE POLICY PREFERENTIAL TARIFFS COMPLEMENTARITIES EXPORT COMPETITIVENESS GENERALIZED SYSTEM OF PREFERENCES GSP TRADE INTEGRATION IMPORT TARIFFS Narain, Ashish Varela, Gonzalo Trade Policy Reforms for the Twenty First Century : The Case of Nepal |
| geographic_facet |
South Asia Nepal |
| description |
This report examines how Nepal could
move away from a remittance-driven growth model by reforming
its trade policies to increase competitiveness. It looks at
the extent to which Nepal has been tapping into its trade
potentials, the underlying obstacles that it faces, and the
type of reforms that could turn trade and investment into a
vehicle for growth. Five key messages emerge. First,
Nepalese exporters remain small and struggle with increase
their shipments once they enter a new market, rather than
with the fixed cost associated with entering. This is due to
severe supply-side constraints that affect their trade and
production costs. Second, Nepalese firms underutilize
existing trade agreements and granted trade preferences.
Third, diversification opportunities lie in fast-growing
economies in East Asia and the Pacific. Efforts regarding
connectivity, trade facilitation and export intelligence
could help firms get to those markets. Fourth, to reduce the
anti-export bias of its trade policy, Nepal needs to
simplify its tariff code, reduce tariffs on intermediates,
and embrace deeper integration, starting with more openness
to services and investment. Fifth, trade reforms in Nepal
are welfare enhancing and, on average, pro-poor. |
| format |
Policy Note |
| author |
Narain, Ashish Varela, Gonzalo |
| author_facet |
Narain, Ashish Varela, Gonzalo |
| author_sort |
Narain, Ashish |
| title |
Trade Policy Reforms for the Twenty First Century : The Case of Nepal |
| title_short |
Trade Policy Reforms for the Twenty First Century : The Case of Nepal |
| title_full |
Trade Policy Reforms for the Twenty First Century : The Case of Nepal |
| title_fullStr |
Trade Policy Reforms for the Twenty First Century : The Case of Nepal |
| title_full_unstemmed |
Trade Policy Reforms for the Twenty First Century : The Case of Nepal |
| title_sort |
trade policy reforms for the twenty first century : the case of nepal |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/656801513235860109/Trade-policy-reforms-for-the-twenty-first-century-the-case-of-Nepal http://hdl.handle.net/10986/29058 |
| _version_ |
1764468390900006912 |