new Delhi. Nepal's Finance Minister Dr. Yuba Raj Khatiwada on Saturday hoped that India (India) would rethink its choice to ban the import of refined palm oil. Malaysia and Nepal have suffered financially from this choice of the Indian authorities. In these circumstances, Nepal has appealed to the Government of India to rethink the choice.
According to the Finance Minister of Nepal, Dr. Yubaraj Khatiwada, this choice of the Government of India is a shock. He mentioned, 'The palm oil business accounts for 25 per cent of exports to India. This ban will adversely have an effect on our business. <! –
We had no concept of India's choice upfront. It's like a shock.
Yubaraj Khatiwada hoped that the Indian authorities would rethink its choice. He additionally mentioned that we’re discussing this by way of our diplomatic channel. If wanted, one also can undergo political channels for dialogue.
Please inform right here that Nepal has exported refined palm oil price Rs 11 billion to India within the first 11 months of the present monetary yr. It is essentially the most exported product of Nepal.
Why was import stopped?
In truth, the Government of India's stand on Kashmir and the citizenship legislation was opposed by Malaysian Prime Minister Mahathir Mohammad. After this, the dispute between Malaysia and India elevated. For this purpose India prohibited the import of refined palm oil. Nepal has additionally been affected by this ban.