The India-Nepal Inter-Governmental Committee (IGC) on Trade, Transit, and Cooperation to Combat Unauthorised Trade was held in Kathmandu from January 10-11, the Indian Embassy in Nepal said in a statement.
During the meeting, the Indian side informed that the request of Nepal for a supply of 2,00,000 MT wheat had been accepted.
The Nepali side also expressed its appreciation to the Indian side for its continued support in ensuring the supply of essential commodities to Nepal.
This meeting of the IGC, a bilateral mechanism aimed at strengthening trade and investment ties, carried out a comprehensive review of the whole gamut of bilateral trade and economic relationships.
Both sides reviewed mutual market access issues, IPR and duty-related issues. The agenda also included discussions on the review of the Treaty of Transit and the Treaty of Trade, proposed amendments to existing agreements, the harmonization of standards and the synchronized development of trade infrastructure including the electrification of the Raxaul-Birgunj rail line, as per the statement.
