Nepal Trade Information Portal
Nepal Trade Information Portal (NTIP): Enhancing Trade Facilitation in Nepal
The Nepal Trade Information Portal (NTIP) was developed to comply with Article 1 of the WTO Trade Facilitation Agreement (TFA), aiming to capture, disseminate, and distribute essential trade information. Inspired by the World Bank Trade Portal Toolkit, NTIP serves as a single platform where a wide range of information related to importing into, exporting from, and transit through Nepal is readily accessible.
Originally piloted in Laos, this toolkit has been successfully implemented in several developing countries. Nepal launched its pilot version of the NTIP in September 2016 as part of efforts to support investment and trade facilitation within the country. The government officially launched the full Trade Information Portal in September 2019.
Funded by the World Bank and operated by the Trade and Export Promotion Centre (TEPC), the NTIP offers traders a user-friendly and comprehensive resource. It provides important regulatory and procedural details needed to navigate the complexities of importing and exporting. The portal’s mission is to enhance the predictability and transparency of Nepal’s trading laws and processes.
What Does the Nepal Trade Information Portal Include?
- An overview of procedures and required documentation for imports and exports
- Regulatory requirements specific to various commodities
- Information on the import-export transit process
- Guidance on obtaining necessary licenses or permits
- Details about government bodies responsible for imports and exports
- Trade data collected from relevant government sources
- Latest news and announcements related to trade
Benefits of the NTIP
By consolidating trade information in one accessible location, the portal offers significant advantages to traders and entrepreneurs. It supports trade promotion and empowers the business community by reducing the time needed for legal document preparation while ensuring compliance through transparent access to all relevant documents.
Moreover, the portal helps entrepreneurs explore new markets and provides practical guidance throughout the trading process. For added convenience, the portal features a frequently asked questions (FAQ) section addressing common queries related to trading with Nepal.
As a comprehensive one-stop window for trade information, the NTIP organizes guidelines and resources by topic, making it easy for users to find exactly what they need.