India makes exemption for Nepal, allows some refined palmolein imports « Khabarhub
Thursday, July 18th, 2024

India makes exemption for Nepal, allows some refined palmolein imports


12 February 2020  

Time taken to read : 2 Minute


  • A
  • A
  • A

KATHMANDU: India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licenses to import some refined palmolein from Nepal.

The move could put pressure on Indian refiners as imports from Nepal were allowed at zero duty under a regional treaty. It will also help Nepal, as refined palm oil and palmolein are its largest export earners, Reuters reported.

The initiative may also help India counter the growing influence of China in Nepal, where Chinese investments have been climbing.

Licenses to import around 88,000 tonnes of refined bleached deodorized palmolein from Nepal were issued to about half a dozen importers, said a Kolkata-based official at India’s Directorate General of Foreign Trade (DGFT).

India had restricted imports of refined palm oil and palmolein in January, a move that targeted top supplier Malaysia, which had criticized New Delhi’s new citizenship law and its policies in Kashmir, but which also hurt Nepal.

Kathmandu has been urging New Delhi to allow imports of refined palm oil and palmolein.

“We have made an exception with Nepal. Refined palm oil imports are not allowed from any other country,” said another DGFT official.

Publish Date : 12 February 2020 21:57 PM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

LMC’s revenue collection exceeds target

PATAN, LALITPUR: The Lalitpur Metropolitan City (LMC) has achieved notable

PM Oli hands over Chinnalata Award

KATHMANDU: Prime Minister KP Sharma Oli has awarded various personalities

Govt issues 73-point guideline for budget enforcement

KATHMANDU: The government has issued 73-point guidelines for the enforcement

30 injured, five seriously, in police vehicle mishap

KATHMANDU: A police vehicle accident in Biratnagar has left 30