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

Chad Ends French Military Presence

In November 2024, Chad announced the end of the security and defence cooperation agreement with France…reports Asian Lite News Chad on Thursday announced a full withdrawal of French troops from the Central

UAE receives first Rafale jet 

In a landmark deal with France’s Dassault Aviation, the UAE Ministry of Defence has inaugurated its first Rafale fighter jet, marking a major step in modernizing its military capabilities. The acquisition includes

DXB sets new benchmark, targets 100m passengers 

Dubai International (DXB) has broken its own record, welcoming 92.3 million passengers in 2024, reaffirming its place as the world’s busiest airport for international travel.    Dubai International (DXB) has marked a

Third Gaza hostage exchange complete 

A significant moment unfolded as Palestinian prisoners were welcomed in Ramallah, while Israeli Prime Minister Netanyahu celebrated the return of three Israeli hostages freed from Gaza.  On Thursday, a significant moment unfolded
Go toTop

Don't Miss

Death toll in Nepal floods reaches 101

Similarly, as many as 2,232 houses were inundated due to

Chinese province to hike electricity prices amid power shortage

A day earlier, China’s power grid operator had denied there