New Trade Routes

Southasia - - BRIEFINGS -

In­dia will pro­vide tran­sit fa­cil­ity to Nepal for bulk cargo move­ment from two ad­di­tional trad­ing routes. The new routes, Kolkata-Nau­tanwa (Bhaira­hawa) and Kolkata-Jog­bani (Bi­rat­na­gar), will save time and lo­gis­tic costs for traders im­port­ing com­modi­ties such as chem­i­cal fer­til­iz­ers, ce­ment, iron ore and coal. Cur­rently bulk cargo en­ters Nepal through the Kolkata-Rax­aul (Bir­gunj) route from where it is trans­ported to other parts of the coun­try. Once the new routes com­mence, goods can be di­rectly dis­patched to cus­toms points at Bhaira­hawa and Bi­rat­na­gar from Kolkata.

The lo­gis­tic cost of fer­ry­ing goods will come down after the new routes be­come func­tional. It will also de­crease the traf­fic on the Kolkata- Bir­gunj route, even­tu­ally re­duc­ing travel time. Al­to­gether, Nepal and In­dia have opened 27 routes for bi­lat­eral trade, of which 15 are used for trad­ing with third coun­tries.

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