His Majesty's Government of Nepal and the Government of the Socialist Republic of Romania (hereinafter referred to as the "Contracting Parties"):
Being animate by the desire to develop the friendship and strengthen the trade and economic relations between the two countries on the basis of equality and mutual benefit:
Having in view the importance of ensuring of favourable conditions for the mutual access of national products of the other market of the Contracting Parties.
Desiring to contribute to the setting up of New International Economic Order: and
Being convinced of the importance and necessity for extension and diversification of trade relations and economic cooperation between the two countries:
Have agreed as follows:
The Contracting Parties shall take all appropriate measure to facilitate and develop trade between their two countries and agree to promote the exchange of goods between them.
The Contracting Parties shall accord upon importation and exportation of goods from one country to the other maximum facilities allowed by their respective laws; rules and regulations in force in each country. The said goods shall enjoy Most Favoured Nation Treatment with respect to customs duties and charges of any kind imposed on or in connection with importation or exportation, with respect to the methods of levying such duties, and charges and to the applicable rules, formalities and charges in connection with customs clearing operations and to the application of internal taxes or other charges of any kind imposed on or in connection with imported goods.
The Contracting Parties agree also to negotiate the mutual extension of tariff and non-tariff facilities in keeping with the existing international understandings accepted by the two Contracting Parties.
According to the provisions of Article 2 of this agreement any advantages, favours privileges or immunities granted by either of the Contracting Parties to import or export of any product origination in the territory of a third country or destinated for its territory shall be accorded immediately and un-conditionally to the like products originating in the territory of the either Contracting Party and destined to by imported into the territory of the other.
The provisions of Article 2 and 3 shall not, however, apply to the grant or continuance of any of the following:
The Contracting Parties shall not apply in their mutual trade quantitative restrictions and similar measures, excepting the cases when such restrictions are applied to similar goods of any third countries, under the same conditions.
The Contracting Parties not to proceed through any consular formalities for the goods originating or destined to the territory of the other country.
The exchange of goods between the two countries shall be conducted in accordance with the respective laws, regulations and procedures in force in each country relating to import and export of goods and on the basis of contracts being concluded between the juridical and physical persons of the Kingdom of Nepal juridical persons of the Socialist Republic of Romania, authorized to engage in foreign trade activities.
The Contracting Parties, through the competent authorities of both countries shall issue the necessary licences for export and import of commodities mentioned in Schedule "A" and "B" annexed to this agreement, which are indicative and not exhaustive in conformity with the lawa, rules and regulations in force in their respective countries.
The prices of goods supplies under this agreement shall be fixed mutual agreement between the exporters and importer of their two countries.
The following shall be exempted from the customs duty, taxes and other export and import charges in accordance with the laws and regulations in force in their respective countries.
In order to promote the object of this agreement, the Contracting Parties shall encourage and facilitate in:
The goods imported by either of the two countries under this agreement shall not be re-exported to third countries, except with the prior consultation of the two Contracting Parties.
All payments in connection with exportation or importation of goods as well as other nature of payments between the two countries shall be effected in any freely convertible currency in accordance with foreign exchange rules and regulations of the respective countries.
The Contracting Parties agree to set up an intergovernmental committee in order to examine any issue that may arise in the course of the implementation of the provisions of this agreement and to find ways and means for the further expansion of trade and economic and technical co-operation between the two countries.
The Committee shall meet on request by either party at a place and time to be mutually agreed upon but not later than 45 days from the date of receipt of such request.
Any eventual disputes in connection with the interpretation or application of the provisions of this agreement shall be settled by the two Contracting Parties on the occasion of meeting of the Nepalese-Romanian Intergovernmental Committee for foreign trade and economic and technical co-operation as well as by mutual consultation.
No provision of this agreement shall be construed to prove the adoption and enforcement by either Contracting Party of measures necessary to protect public morals, human, animal or plants life of health or industrial, literary or artistic property and the security of its own territory or in pursuance of international conventions whether already in existence or concluded hereinafter in which it is a party.
This agreement shall come into force provisionally on the date of its signature and finally from the date of the exchange of instruments of approval or ratification of this agreement by the Contracting Parties.
This agreement shall remain in force for a period of ten years.
If neither party shall have notified the other in writing to terminate this agreement at least six months before its expiry, the validity of this agreement shall be automatically extended for period of another five years and thus thereafter.
After the expiry of this agreement, its provisions shall be further applied in respect to all contracts concluded under this agreement, but not fully executed as on the date of the termination.
Done Kathmandu on January, 1984 in two original copies, in English and Romanian language, both texts being equally authentic.
For His Majesty's
Government of Nepal
For the Government of
The Socialist Republic of Romania
Indicative List of Export from the Kingdom of
Nepal to the Socialist Republic of Romania
Indicative list of Exports from the Socialist
Republic of Romania to the Kingdom of Nepal