China deal offers Nepal more options for third country trade
Kathmandu, May 8 -- With Beijing officially allowing Nepal to use a number of its land and sea ports, Nepali traders can now use the transit facility via three countries-India, Bangladesh and China.
During President Bidya Devi Bhandari's state visit to China last week, Nepal and China signed the Protocol on Implementing Agreement on Transit and Transport along with six other deals in Beijing. The agreement has added up one more transit route for Nepal for carrying out trade with third countries.
With the three gateways for third country trade in place, Nepal can use a transit route based on the comparative advantage, said the Ministry of Commerce and Industry. Speaking at a programme on Tuesday, Secretary of the ministry Kedar Bahadur A...
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