Deals Signed with Nepal on Sushma Swaraj Visit of 25-27 July 2014

• Deemed Agricultural University.

• Bilateral Investment Protection and Promotion Agreement (BIPPA). In order to promote Nepal’s exports to India, the Indian side agreed to further relaxing the rules of origin requirements; simplifying and streamlining transit and customs related procedures; eliminating TBT and making the SPS related measures less stringent; and lifting quantitative restrictions on the export of Nepalese products to India.

• Letters of Exchange (LOEs) at the earliest with a view to facilitating trade and traffic in transit.

• Terai Roads under Phase I projects.

• Tanakpur-Mahendranagar Link Road.

• Cross-border railway connectivity.

• Integrated Check Posts (ICPs).

• Power Trade Agreement.

• Terms of Reference of the Pancheswar Development Authority.

• DPR of the Pancheshwar Multipurpose Project

• 400 kV Dhalkebar-Muzaffarpur Double Circuit Cross-Border Transmission Interconnection.

• 132 kV Kataiya-Kusaha and 132 kV Raxaul-Parwanipur Transmission Line Projects so that the transmission lines would help import additional power from India.

• River training works over Lalbakaiya, Bagmati and Kamala.

• Installation of 2,700 shallow tube-wells in the terai region.

• EXIM Bank Lines of Credit (LoC). At the request of the Nepalese side, the Joint Commission acknowledged the need to relax the requirement of Indian content for the road projects included in the US$ 250 million LoC and agreed that the Indian content requirement would be reduced to 50%.

• Development and conservation of Pashupati, Lumbini, Janakpur and Barahachhetra areas.