FB   
 
Powered bysps
        Society for Policy Studies
 
 

 
Bilateral pact with India under scanner
Updated:Oct 25, 2011
 
Print
Share
  
increase Font size decrease Font size
 

The new trade pact inked by Nepal's Maoist Prime Minister Baburam Bhattarai during his just-concluded visit to India has come under fire with the hawks in his own party demanding that it be scrapped or approved by Parliament.

Bhattarai, who said he took a calculated risk by wrapping up a Bilateral Investment Promotion and Protection Agreement (BIPPA) during his maiden official visit to New Delhi last week, faces fireworks in Parliament on Monday when the opposition as well as the hawks from his own party will grill him on the pact.

The first rumblings came Sunday when Bhattarai, returning to Kathmandu on the conclusion of the four-day visit, was greeted with black flags at the airport by cadres loyal to a deputy chief of the Maoist party, Mohan Baidya, who slammed it as "anti-national" and a "sell-out" to India.

Maoist MP and former minister Dev Gurung, who belongs to the Baidya faction, on Monday called for the pact to be scrapped, amended or endorsed by Parliament.

 

 

 

Gurung said the agreement had been signed in defiance of the party's advice to Bhattarai before he left for New Delhi."The standing committee of the party had asked the PM not to sign any agreement of prolonged national importance," he said.

According to the Baidya faction, who have been urging a war on India, the investment agreement is harmful for Nepal's remittance-propped floundering economy because it promises to pay compensation to Indian investors should they suffer a loss due to armed insurrection, war, the declaration of emergency or an outbreak of civil unrest."With 60 percent of Nepal's trade being with India, the government is in no shape to pay compensation to the large number of Indian investors," Gurung said.

The hawks also allege the agreement would give undue advantage to Indian investors and impact domestic traders negatively.Gurung said it would also seek to bypass Nepal's courts of law, who are the arbitrators currently during trade disputes, as well as Parliament, whose approval was not sought for the pact.

The Maoist war cry has been taken up by the opposition, especially the communists, the Maoists' former allies.Former communist prime minister Jhala Nath Khanal, who was replaced by Bhattarai, has warned his party would start a protest movement against the agreement.

Even the Nepali Congress, the largest opposition party traditionally regarded as being close to India, said the compensation issue was a debatable one since most of the unrest affecting industries was caused by the Maoist trade unions.

However, Bhattarai's financial advisor and former finance secretary Rameshwor Khanal said there was nothing objectionable in the new agreement."Nepal already has similar bilateral agreements with the US, Germany and Finland," he said."The new agreement with India has a life of 10 years only. After that, if both sides desire, it can be renewed or scrapped."


(IANS)

 
 
 
 
Print
Share
  
increase Font size decrease Font size
 

Disclaimer: South Asia Monitor does not accept responsibility for the views or ideology expressed in any article, signed or unsigned, which appears on its site. What it does accept is responsibility for giving it a chance to appear and enter the public discourse.
Comments (Total Comments 0) Post Comments Post Comment
Review
 
 
 
 
spotlight image Since Prime Minister Sheikh Hasina assumed office again in Bangladesh in 2009, bilateral relations between New Delhi and Dhaka have been on a steady upward trajectory.
 
read-more
Pakistan Prime Minister Shahid Khaqan Abbasi has said that military dictatorship always halted progress in the country. The Prime Minister, who was in Karachi on a day-long visit, was speaking during the inauguration ceremony of the Pakistan International Bulk Terminal at Port Qasim.
 
read-more
Ruskin Bond’s first novel ‘Room on the Roof’ describes in vivid detail how life in the hills around Dehradun used to be. Bond, who is based in Landour, Mussoorie, since 1963, captured the imagination of countless readers as he painted a picture of an era gone by.
 
read-more
India’s foreign policy under Prime Minister Narendra Modi has attained a level of maturity which allows it to assert itself in an effective manner. This is aimed at protecting the country’s national interests in a sustained way.
 
read-more
Braid-chopping incidents have added to the already piled up anxieties of Kashmiris. Once again they are out on the streets, to give vent to their anger. A few persons, believed to be braid-choppers were caught hold by irate mobs at various places. They were beaten to pulp.
 
read-more
The upcoming 19th National Congress of the Communist Party of China (CPC) has captured world attention. French newspaper Le Monde on Sunday published a front page article headlined "China, the rise of the great power" in Chinese characters and carried eight pages on the topic, the epitome of Western reporting on the 19th CPC
 
read-more
In a move lauded worldwide, King Salman bin Abdulaziz Al Saud recently issued a royal decree allowing women to obtain driving licences.
 
read-more
Recently, United States President Donald Trump kicked the onus of the US backing out of the Iran nuclear deal to the US Congress. The question is how we interpret this technically, in terms of domestic politics and in terms of geopolitics.
 
read-more
It is a privilege to be invited to this most prestigious of law schools in the country, more so for someone not formally lettered in the discipline of law. I thank the Director and the faculty for this honour.
 
read-more
Column-image

Title: The People Next Door -The Curious History of India-Pakistan Relations; Author: T.C.A. Raghavan; Publisher: HarperCollins ; Pages: 361; Price: Rs 699

 
Column-image

Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
Column-image

Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
Column-image

As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
Column-image

Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
Subscribe to our newsletter
Archive