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Foreign trade affected due to closure of all three border points with China

{{TAG_OPEN_div_78} Kathmandu. The flood in Bhotekoshi on August 26 has damaged many structures connected to the customs of Nepal and neighboring country China along the Rasuwa border point, causing a huge loss of life and property.

The Rasuwa border point, known as the ‘lifeline’ linking Nepal and China, has come to a grinding halt as there is little possibility of resumption of the Rasuwa border point.TAG_OPEN_div_76

The flood has destroyed all kinds of important infrastructures related to the roads, bridges, customs administration on both sides, so it is difficult not only geographically but also practically to reconstruct this border point immediately. On the other hand, the Tatopani border point has also been blocked for some time due to the floods in Bhotekoshi.

} Rasuwa and Tatopani border points, which are connected by road to neighboring country China, have not been obstructed. Korala checkpoint of Mustang which was in operation earlier is also closed due to damage to roads and bridges due to continuous floods and landslides from September 22 to 24.

As the festivals of Nepalis like Dashain, Tihar, Chhath and other festivals are approaching their homes, all the three major border points connected to China have been blocked, on the one hand, the foreign trade between the two countries has come to a standstill. On the other hand, the goods brought targeting the festivals have also been stopped towards the neighboring country China.

Ashok Shrestha, former president of Nepal Himalayan Cross-Border Chamber of Commerce and Industry, said that the import and export between the two countries has come to a standstill due to the closure of all the three major transit points with China. “The flood in Bhotekoshi on August 23 devastated the Rasuwa border point. As a result, there is no certainty when the border point will come into operation,” he said, adding, “The main border point with China seems to be completely closed after the Chinese side stopped import and export from Tatopani border point shortly after the floods in Bhotekoshi.”TAG_OPEN_div_68 ”

} He complained that the goods and goods brought from China targeting the festival have been stopped there, causing a lot of trouble to the businessmen and traders. “The goods and goods imported from China by taking loans by the traders are stuck in the Chinese land. Due to this, the debt burden of the traders is high and on the other hand, there is uncertainty about when the goods will come,” he said, adding that the government needs to take diplomatic initiatives with the Chinese government and try to open the Tatopani border point immediately. ”

{{TAG_OPEN_div_64} Import and export of goods and goods from China via Korala border point of Mustang have been taking place lately due to the obstruction of Rasuwa and Tatopani border points.

Ram Chandra Parajuli, general secretary of Nepal Himalayan Trans-Border Chamber of Commerce and Industry, said that foreign trade with China has been hampered due to the obstruction of Rasuwa, Tatopani and Korala border points, the main lifeline linked to China. “Access to the main roads connected to China has been cut off at present,” he said, adding that more than 700 containers were being brought from Rasuwa and Tatopani border points via Korala border point after the floods and landslides in Bhotekoshi have been blocked.TAG_OPEN_div_62 ”

Parajuli, general secretary of the association, claimed that goods and goods worth around Rs 5 billion imported from China have been stopped at the Chinese border. “The time has come for the Nepal government to take adequate diplomatic initiatives with the Chinese government and try to open the Tatopani border point. The sooner it is delayed, the bigger the impact,” he said, adding that the government needs to repair and operate roads and bridges immediately as roads and bridges have been damaged in various places along the Korala border point.TAG_OPEN_div_60 ”

Foreign Trade of the Main Border

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According to the Department of Customs, goods worth Rs 45.73 billion were imported through Rasuwa customs point in the fiscal year TAG_OPEN_div_56 2082/82.

This customs account for 2.18 percent of the total imports in the current fiscal year. Similarly, goods and goods worth Rs 89.46 crore were exported to foreign countries through Rasuwa customs in the same fiscal year. In the fiscal year 2081/82, goods and goods worth Rs 85.23 billion were imported through Rasuwa customs.

The share of imports from the said customs point was 4.72 percent of the total imports in the current fiscal year. Similarly, goods and goods worth Rs 2 billion 452 lakh 61 thousand were exported through this border point in the same year.

Not only Rasuwa border point, import and export are also being done through the Tatopani customs point, which is connected to China by road. According to the Department of Customs, goods and goods worth Rs 47.48 billion have entered Nepal through Tatopani border point in the fiscal year 2082/83. This border point accounts for 2.27 percent of the total imports in Nepal. The export volume through this border point has been negligible in this fiscal year.TAG_OPEN_div_50

Similarly, goods and goods worth Rs 50.39 billion were imported from this border point in the fiscal year TAG_OPEN_div_48 2081/82. The share of this border point is 2.79 percent of the total exports in this fiscal year. Similarly, exports through this border point are zero.

In the fiscal year TAG_OPEN_div_46 2082/83, goods and goods worth Rs 14.40 billion were imported through the Mustang border point. The share of this border point is 0.69 percent of the total imports. In the current fiscal year, goods and goods worth Rs 205.55 million have been exported through this checkpoint. The share of this border point in exports is only 0.07 percent.

Minister for TAG_OPEN_div_44 Infrastructure Development Sunil Lamsal met Chinese Ambassador to Nepal Wang Maoming on September 24 and requested the Chinese side to provide necessary support for the reconstruction and development of flood-damaged infrastructures in Rasuwa and reopening of Rasuwagadhi-Kerung border point. More than 650,000 Nepalis are connected to Nepal. Minister Lamsal requested the Chinese side to take necessary initiatives for the operation of Tatopani and Korala border points as soon as possible.

On the occasion, Minister Lamsal called for necessary coordination with the Chinese government regarding the connectivity and smooth movement of around six hundred thousand Nepali citizens with the state and effective operation of Korala and Tatopani border points. Chinese Ambassador to Nepal Wang Maoming said that long-term and effective infrastructure could be built after conducting a special study for the reconstruction and operation of Rasuwagadhi transit point, which is the main trade hub of Nepal.TAG_OPEN_div_42

Ambassador Wang said that the Chinese government was positive regarding the operation of Korala and Tatopani border points and expressed commitment for necessary coordination and cooperation if the Nepal government sends a special proposal regarding the reconstruction and operation of Rasuwagadhi border point. TAG_OPEN_strong_38 Himal Lamsal/RSS

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