FROM ISSUE #45 (01 JUNE 2001 - 07 JUNE 2001) | TABLE OF CONTENTS
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Business leaders from Nepal and India are meeting in New Delhi 11 June to iron out problems trading problems before the bilateral treaty comes up for automatic renewal later this year. The FNCCI is taking a study that among other things proves India's concerns about Nepali "problem" exports are unfounded. India has been insisting up to 35 percent value-addition. The FNCCI says the 1996 treaty has benefited both sides so there is no need to change it. Currently 250 Nepali companies are qualified to export to India but of that only 50 are actually exporting. Only 10 do substantial business. Value addition won't affect genuine exporters only fly-by-night businesses on both sides.