Regional summit ends with a narrow agreement on trade facilitation
Delegates agreed a limited package on customs procedures and transit documentation, leaving the harder questions for a later round.
Anil Karki
Economics editor
- प्रकाशित मिति
- मिनेट पढाइ
- १ मिनेट पढाइ
- पटक पढिएको
- ८९०
अन्तिम अद्यावधिक:
A regional summit closed with a limited agreement on customs procedures and transit documentation, leaving tariff questions for a later round.
For landlocked economies the transit provisions matter more than the headline tariff numbers, because delays at borders often cost more than duty.
What was agreed
Signatories committed to a common electronic manifest format and to publishing border clearance times, a modest step that is nonetheless measurable.
What was not
Nothing was settled on agricultural quotas, which remain the most politically difficult item on the agenda in almost every capital represented.
