Himalayan News Service

Biratnagar, February 21

Nepal would soon come out with competitive laws to meet its commitments made during the World Trade Organisation meet.

The information was disseminated during a two-day long workshop jointly organised by ministry of industry, commerce and supply and South Asia Economics and Environment (SAEET) at Biratnagar on Friday.

Speakers at the workshop said that since Nepal has become associated with WTO, it must formulate competitive laws needed to compete in the international market. Otherwise, multinational companies would kill native industries and pose as a grave danger to the economic well-being of country.

Dr Yuvraj Khatiwada, member of National Planning Commission, was the chief guest at the workshop. He said that competitive laws would end monopoly of industries. He stressed on the need to formulate laws that would uplift the situation in the country. This would not only boost consumer rights but would also help in the widespread development in economic spectre.

Sharada Prasad Pandit, chief judge of Biratnagar Appellate court, said that competitive laws would not be easy to implement at all.

Jeevan Nepal, chairman of Morang Chamber of Commerce Industry and Kishor Pradhan, chairman of Morang Industrial Association, said that businessmen are in the current state of difficulty because of administrative delays. Different suggestions for economic betterment from industrialists, businessmen, intellectuals and consumers would be collected during the workshop.

Dr Ram Krishna Timsina, co-registrar of the Supreme Court, presented a working paper from the court during the workshop. Similarly, Ratnakar Adhikary, officiating director of SAEET, also presented a working paper from the association.