Amendment of the protocol of transit treaty between Nepal-India, all types of cargo can be transported
Kathmandu. With the amendment in the protocol of the transit treaty between Nepal and India, now all kinds of cargo can be transported to Bhairahawa through Kolkata and Visakhapatnam, Biratnagar Jogwani and Nautanwa Sunauli routes. Jitendra Basnet, spokesperson of the Ministry of Industry, Commerce and Supply, informed that the amendment is expected to reduce both the transportation cost and time in Nepal and contribute significantly to trade facilitation.
Supply Minister Anil Kumar Sinha, on his way to Visakhapatnam, India, today met with the Commerce and Industry Minister of the Government of India, Piyush Goyal, at India's Commerce Building in New Delhi. On this occasion, a formal exchange of the amended protocol of the transit treaty was made between the two countries. Spokesperson Basnet said that earlier, only four bulk goods could be transported by rail from both points, but now all types of cargo can be sent by rail and road.
During the meeting, bilateral trade between Nepal and India, transit arrangements, business infrastructure development and investment promotion were discussed in detail, the ministry said. Minister Sinha emphasized that the certification process should be simplified to facilitate trade and transit between the two countries. On that occasion, Minister Sinha praised India's 'neighbourhood first policy' and mentioned that more cooperation and coordination is needed in the areas of bilateral trade, transport and investment promotion in accordance with the said policy.
Express
Related News
Opening of Nagadhunga tunnel tomorrow, only emergency vehicles will be allowed to ply
Kathmandu. Nepal's first modern transport tunnel 'Nagadhunga-Sisnekhola Tunnel' will be formally inaugurated from Monday.
The total cost of this project, which was completed with the concessional loan of Japan International Cooperation Agenc...
Import of petroleum products worth 54 billion 12 crores in four months through Birganj route
Birganj. In the four months of the current financial year, petroleum products worth Rs 54.12 billion have been imported through the Birganj border. 22 billion 900 million revenue has been collected from diesel, petrol,...
Janakpur Cigarette Factory in Pakhai to be reopened
Janakpur. The only cigarette factory in the country, Janakpur Cigarette Factory Limited, which was operating 62 years ago, is in the process of reopening. The Janakpur cigarette factory, which was unfortunately closed due to the political environm...
The training and cultural program of National Life was grandly completed
Kathmandu. National Life Insurance Company Ltd. has completed a training and cultural program at the Hotel Royal Tulip in Lalitpur for the successful agents who have performed excellent work in accordance with the monthly plan issued in the month...
NMB Bank launches Pre-Owned EV loan for personal and commercial purposes
Kathmandu. NMB Bank Limited has launched a second-hand EV loan facility with the aim of facilitating the purchase of old (second-hand) electric vehicles for individuals and various organizations. This initiative of the bank, which is prioritizing...
The value of the US dollar at a high point!
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for Sunday. According to the fixed exchange rate, the value of the US dollar has reached a high point. According to the determined exchange rate, the buying rate of...



