Monday, January 25th, 2016

Imports from China falls by 14.1 per cent: Nepal

Narada Desk | January 25, 2016 2:45 pm Print

Nepal-Oil-Corp good

Sources from the Nepal Rastra Bank (NRB) asserted that despite Nepal being the second largest trade partner to China, the imports from China has decreases by 14.1 per cent in the first five months of the current fiscal year 2015-2016.

As per reports the imports have been affected by the ongoing blockade at the southern border points and a delay in bringing the closed Khasa- Tatopani border point into operation.

Imports from China declined to $342 million during the first five months of the current fiscal year, which begins in mid of July.

According to the latest statistics from the bank, on a normal grade, Nepal imports 25 percent of good from china through the land route and the rest enter Nepal through the sea route via India’s Kolkata Port.

“The supply of goods through the land route has also been affected due to the delay inbringing the Khasa-Tatopani customs point, which had served as the main trade route untilthe deadly earthquake last year, back to operation,” said Nara Bahadur Thapa, chief of research department at Nepal Rastra Bank.

Currently, the inland trade between the two neighbors is taking place through the Kerung-Rasuwagadhi trade route, which was also closed for six months after the earthquake but was reopened in October 2015.

 

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