Kathmandu, Feb. 14 -- With the existing trade law outdated, a new bill on import and export has been registered in the House of Representatives.

"The Export and Import (Control) Act, 1957, had limited provisions. The new bill has been prepared to make it more relevant and address key issues in international trade," said Ramila Bhandari, under-secretary at the Ministry of Industry, Commerce, and Supplies.

"There are gaps in Nepal's international trade due to outdated laws, and the proposed bill aims to make it more inclusive and integrated with trade and customs-related issues."

Bhandari said the bill has provisions similar to those in the Customs Act, such as issuing EXIM codes. The existing Export and Import (Control) Act contains onl...