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
NEPSE rose by 9.93 points, 7.5 billion shares traded
Kathmandu. On the third trading day of the week, NEPSE index increased by 9.93 points to 2649.30 points. Today, when 1 crore 48 lakh shares of 334 companies were bought and sold, there was a turnover of more than 7 billion 12 crore rupees. Among t...
DDC to Purchase More Than 60,000 Litres of Milk Daily from Small Farmers: Tripartite Agreement Signed
Kathmandu: A tripartite agreement has been signed between the National Cooperative Federation for Agriculture, Sana Kisan Bikas Laghubitta Bittiya Sanstha Ltd., and the Dairy Development Corporation (DDC) to purchase and sell more than 60,000 litr...
Tragedy in Vidur's Betravati: 22 people found dead in a house flooded
Nuwakot. A heart-wrenching incident has come to light in Bidur Municipality 10, Betrawati, Nuwakot due to the severe flooding of the Trishuli River, which is flowing through the upper region of Rasuwa. The bodies of 22 people were found buried in...
Five construction companies blacklisted, barred from participating in any public procurement
Kathmandu. The Public Procurement Monitoring Office has blacklisted five construction companies. The office issued a notice today and said that the company has been blacklisted.
According to the written submissions from various agencies, acc...
Akasio gold price, how much per tola on Sunday?
Kathmandu. The price of gold has set a new record in Nepali market today. The price of gold rose by 2,400 rupees and became the highest so far. According to the Nepal Gold and Silver Traders Federation, gold has reached 3 lakh 3 thousand 800 rupee...
Suspension of extra charges on health insurance renewal
Kathmandu. The Health Insurance Board has announced that it has temporarily suspended the system of charging additional fees to insured families who have not renewed their health insurance. According to the latest decision of the Insurance Board,...



