Free Trade Agreement

Mehak Seth 08BS0001731 Free distri bute Agreement- Between India- Nepal accordance of Segowlee (Sagauli treaty): It was subscribe mingled with East India Company and Raja of Nepal on March4, 1816. This Treaty was non acceptable to Raja of Nepal but he gestural the Treaty in duress of attack by British regimen on Kathmandu. Peace and Friendship Treaty 1950 (Treaty of Trade and Transit): This bilaterally symmetric Treaty was signed on July31, 1950. The Treaty allows granting immunity in movement of people and goods of both nations and put Nepal down the stairs India’s close observation on defense and foreign affairs. The terms for trading and commerce were ratified in the identical year October, 1950, India recognized Nepal’s right to import and exportation commodities through Indian territory and ports. Customs would not be levied on commodities move through through India. When the Communist political party of Nepal to absorb power with Chinese backi ng, India and Nepal stepped up soldiers and intelligence cooperation beneath pact provisions, and India sent a phalanx mission to Nepal, which was still regarded as an undue extension of Indian influence in Nepal.

In the late 1950s and 1960s, Nepal and China forged offend relations, while relations with India deteriorated as Nepal forced the Indian military mission to leave and both nations began ignoring the treaty provisions. In the mid-1970s, Nepal calf love for substantial amendments to the 1971 slew and transit treaty, which was due to expire in 1976. India ultimately backed down from its initial posi tion to rear up the 1971 treaty even befor! e a virgin treaty could be negotiated. The 1978 agreements incorporated Nepals demand for separate treaties for trade and transit. The affinity between the deuce nations improved over the succeeding(prenominal) decade, but not steadily. In 1978 India agreed to separate trade and transit treaties, satisfying a long-term Nepalese demand. In 1988, when the two treaties were up for renewal, Nepals refusal to accommodate Indias wishes on the transit...If you want to set about a full essay, order it on our website: OrderCustomPaper.com

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