Nepal and China fi­nal­ize pro­to­col on trade and tran­sit

People's Review - - NEWS -

Kath­mandu, 8 Septem­ber: Nepal and China fi­nalised the much-hyped pro­to­col of Nepal-China Tran­sit and Trans­porta­tion Agree­ment on Thurs­day, 7 Septem­ber, end­ing the coun­try's sole de­pen­dence on In­dian ports for over­seas trade, re­ports An­na­purna Post ver­nac­u­lar daily. China has given ac­cess in all her sea­ports to Nepal. The two-day long third con­sul­ta­tive meet­ing held in Kath­mandu has fi­nal­ized im­por­tant 10 sub­jects. In­dus­try, Com­merce and Sup­plies Min­is­ter Ma­trika Yadav said that along with fi­nal­iza­tion on the pro­to­col for the tran­sit and trans­porta­tion, China has made pos­si­ble Nepal's trade with third coun­tries via Chi­nese ports. Min­is­ter Yadav had in­formed it at a press con­fer­ence or­gan­ised by the Min­istry on Fri­day. Af­ter fi­nal­iza­tion on pro­to­col, agree­ment on tran­sit and trans­porta­tion will be af­ter one month. The Min­is­ter said that now on­ward, Nepal can trade with third coun­tries ex­cept from two sea­ports in In­dia. Af­ter Chi­nese ap­proval on pro­to­col, Nepal's de­pen­dency on tran­sit with In­dia will be ended. Chan­dra Ghimire, Sec­re­tary at the Min­istry, said that China has given writ­ten ap­proval to use all sea­ports to Nepal. For the time be­ing, it has been agreed to use Tian­jin, Shen­zhen, Lianyun­gang and Zhan­jiang sea­ports. Ac­cord­ingly, among the dry ports, China has al­lowed to use Lan­chow, Lhasa and Sight­see dry ports.

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