Indian safeguard duty slashes Nepal’s iron and steel exports by two-thirds

Export earnings have fallen by Rs10.6 billion in 11 months due to safeguard duties and BIS certification hurdles. Manufacturers urge Kathmandu to begin high-level trade negotiations.

Nepal’s iron and steel exports to India have plunged sharply following the neighbouring country’s imposition of safeguard duties, raising concerns over declining export earnings, potential job losses and the prospect of further setbacks as New Delhi considers additional import restrictions.