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Impact of WTO in Nepal

Group 1 Team Members Group 1 Team Members


Jayant Jha
Keshab Gadtaula
Narayan Krishna Kharel
Rajesh Silwal
Dinesh yadav
Impact of WTO in Nepal
Introduction
Formation: 1
st
Jan, 1995
Headquarter: Geneva
Members: 159 Members: 159
Official languages: English, French,
Annual Budget: US $ 209,000,000
Nepals membership: 23
rd
April, 2004
Introduction - WTO
French, Spanish
2004 as 147
th
member
WTO membership & Trade performance
Trade openness: Trade/GDP is one
used to measure trade openness of
Export: Nepal has witnessed a slow
absolute value of exports in recent
Import: In terms of imports, Nepals Import: In terms of imports, Nepals
years have been higher than exports
membership & Trade performance
one of the variables
an economy.
slow increase in the
years.
Nepals imports over the Nepals imports over the
exports
Benefits of joining WTO
Degree of certainty of market access
Transit right
Rule based trade regime Rule based trade regime
Market access
Policy stability
Attract foreign direct investment
Benefits from liberalization Benefits from liberalization
[
Mobility of trade related technical assistance
Benefits of joining WTO
access
assistance.
Nepals Limitation
Despite the market access barriers
Nepals WTO membership offers predictable
in a range of products of export interest in a range of products of export interest
several supply-side constraints reduce
of Nepalese exports and they are as follows
Human capital
Infrastructures
Quality assurance and certification Quality assurance and certification
Access to finance
Nepals Limitation
barriers mentioned above,
predictable market access
interest to Nepal. However, interest to Nepal. However,
reduce the competitiveness
follows:
Quality assurance and certification Quality assurance and certification
Market access barriers for Nepal
Non-Tariff Barriers
Rules of origin
Regulatory barriers Regulatory barriers
Tariff Barriers
Tariff barriers on leather
Tariff barriers on readymade garments
Tariff barriers on tea
Tariff barriers on readymade garments
Market access barriers for Nepal
garments
garments
Critical views on WTO
Criticism over the consequences on WTO
WTO, Labour and Human Rights
WTO support for Privatization of primary WTO support for Privatization of primary
WTOs adverse impact on the environment
Negative effects on humans health and
Critical views on WTO
WTO-A less safe world
primary services primary services
environment
and lives
Critical views on WTO
Escalation of inequality
WTO and the rising hunger
WTOs support for RPN against SPN WTOs support for RPN against SPN
Presence of WTO substitutes
Rejection of local level decision making
Critical views on WTO
making and national control
Conclusion
Escalation of inequality
WTO and the rising hunger
WTOs support for RPN against SPN WTOs support for RPN against SPN
Presence of WTO substitutes
Rejection of local level decision making
Conclusion
making and national control