Government's New MRP Rule Disrupts Imports, Raises Concerns of Shortages and Price Hikes

Kathmandu. The government's new rule making Maximum Retail Price (MRP) mandatory at the customs point has disrupted imports. Following Prime Minister Balendra (Balen) Shah's directive and the agenda for administrative reform, strictness on goods without MRP mentioned, effective from Jestha 15, has led to cargo containers being held at customs.Imports through Nepal's major trade points like Birgunj, Bhairahawa, and Rasuwagadhi, among others, have decreased, creating a risk of shortages of essential goods in the market and increased prices.Although imports of goods entering Nepal through various points have slightly decreased, the customs office has stated that imports of industrial raw materials...