December 29, 2022
1 min read

Major trade route between Nepal-China reopens

The Nepal Foreign Ministry said the resumption of the ports is expected to augment bilateral trade between Nepal and China…reports Asian Lite News

Two-way trade between Nepal and China via Rasuwa/Kerung port has officially resumed its operation from Wednesday, Nepal Foreign Ministry has said.

“Rasuwa/Kerung port between Nepal and the People’s Republic of China has officially resumed its operation for two-way trade from today,” the Nepal Foreign Ministry said in a statement. “The Department of Commerce of the Tibet Autonomous Region of the People’s Republic of China organized an official ceremony in Kerung today to observe the opening of the port. Similarly, Hilsa/Purang port has also been opened for one-way trade from 26 December 2022,” it added.

The Nepal Foreign Ministry said the resumption of the ports is expected to augment bilateral trade between Nepal and China. The Chinese Embassy in Kathmandu stated that China was looking forward to importing more goods from Nepal.

The Kathmandu Post newspaper reported that six cargo trucks fully loaded with Nepali goods went through the port and entered China.

“In recent years, Kerung port has continuously improved its infrastructure and customs clearance efficiency, leading to a rapid growth of trade. The total import and export trade volume of Kerung port from 2015 to 2020 reached 14.71 billion yuan,” stated the Chinese Embassy in the press release, as quoted by the Nepali newspaper.

The resumption of key trade between China and Nepal came two took place after CPN-Maoist Centre chairman Pushpa Kamal Dahal ‘Prachanda’ was sworn in as Prime Minister of Nepal on Monday.

He was sworn in by President Bidhya Devi Bhandari a day after his appointment as PM following fresh elections in the Himalayan nation.

Dahal, also known by his nom de guerre Prachanda, was appointed PM for the third time after he secured the support of 169 members of the Parliament to form the new government. (ANI)

ALSO READ: GCC emerges India’s largest trading bloc

Previous Story

India-assisted hydroelectric project handed over to Bhutan

Next Story

Farooq Fayaz and Veena Gupta win Sahitya Akademi Award

Latest from -Top News

Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel

EU prepares retaliation for Trump’s tariffs

The European Commission is assembling a fresh round of counter-tariffs aimed at US goods, adding to two existing lists of potential targets—one of which includes products that were hit by suspended tariffs

US, EU slam China’s war games near Taiwan

US President Donald Trump underscored the need to maintain peace in the Taiwan Strait, advocating for a diplomatic approach to cross-strait tensions while warning against the use of force The United States

£13.9 billion of R&D fund to boost innovation, jobs

Funding outlined to support transformational R&D in areas like life sciences, green energy, engineering and beyond More UK innovators like those developing treatment-transforming dementia tests or building world-leading testing facilities to power

OPEC+ accelerates oil output hikes

Despite the production boost, the group emphasised that future adjustments remain flexible and could be paused or reversed depending on market conditions. Eight OPEC+ nations have unexpectedly decided to accelerate their oil
Go toTop

Don't Miss

Xi urges submarine force to strive for greater accomplishments

China has not fought a war since 1979, when it

White House planning Nov meeting between Biden, Xi  

The meeting comes as an attempt to stabilize relations between