Nepal's Trade Promotion Through SAFTA: Impediments And Possibilities

Abstract

Nepal aspired to achieve trade diversification with countries of South Asia other than India through the agreement on SAFTA. This study analyzed the pattern of Nepal's trade post 2010 A.D. under the framework of SAFTA. Further, it delved deeper into the impediments encountered by Nepal in pursuance of the aforementioned objective and the prospects of expansion of trade in the region. Through various trade data and statistics, the research showed that Nepal has been left wanting in terms of achieving the stated objectives. However, there exists considerable potential to augment trade with countries of Rest of South Asia.