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Nepal-India Transit Treaty Protocol Amended

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Kathmandu. With the amendment of the Protocol of Transit Treaty between Nepal and India, all types of cargo can now be transported to Bhairahawa via Kolkata and Vishakhapatnam, Biratnagar (Jogbani) and Nautanawa (Sunauli).

Jitendra Basnet, Spokesperson for the Ministry of Industry, Commerce and Supplies, said that the amendment is expected to reduce transit cost and time in Nepal and contribute significantly to trade facilitation.TAG_OPEN_div_22

New Delhi: Minister for TAG_OPEN_div_20 Supplies Anil Kumar Sinha met Minister for Commerce and Industry Piyush Goyal at the Commerce Building in New Delhi on Monday.

On the occasion, the revised protocol of the Transit Treaty between the two countries was formally exchanged.TAG_OPEN_div_18 Spokesperson Basnet said that before this, only four bulk goods could be transported by rail from both the border points, but now all types of cargo can be sent by rail and road.

During the meeting, matters related to bilateral trade, transit management, trade infrastructure development and investment promotion were discussed.TAG_OPEN_div_16 Minister Sinha stressed on the need to simplify the certification process to facilitate trade and transit between the two countries.

Appreciating India’TAG_OPEN_div_14 s ‘Neighbourhood First Policy’, Minister Sinha stressed the need for greater cooperation and coordination in the areas of bilateral trade, transit and investment promotion. Minister Goyal said that Nepal is a country of special priority for India and directed the officials of both the countries to take the issues under discussion to a conclusion at the earliest.

Nepal’TAG_OPEN_div_12 s Ambassador to India Dr Shanker Sharma and senior officials at the respective ministries of both the countries were present on the occasion.

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