India has presented its significant progress in customs reform, highlighting how a digital-first approach is transforming the nation's trade landscape. During a specialised session, the presentation focused on how "India's digital transformation has made its customs border procedures futuris
India needs a sweeping overhaul of its import tariff structure and customs administration to cut trade costs, strengthen manufacturing competitiveness and revive export growth, suggest trade-focused think-tank Global Trade Research Initiative (GTRI).
Minister of Finance and Corporate Affairs Nirmala Sitharaman said on Saturday that a complete overhaul of the customs system would be her next major assignment as part of broader efforts to reform the economy.
The Asian Development Bank (ADB) has approved a 50 million USD loan to support the implementation of policy reforms by the government of Nepal to help improve its domestic and international trade.