The announcement of the ground-breaking trilateral AUKUS security partnership between Australia, the United Kingdom, and the United States on September 16, 2021, naturall ..
NEPAL
COLUMN | Will China turn off Asia’s tap?
Even after Asia’s economies climb out of the Covid-19 recession, China’s strategy of frenetically building dams and reservoirs on transnational rivers will confront ..
Concor may soon lose monopoly on India-Nepal cargo movement
Container Corporation of India (Concor) may lose its right of being the only player to move container trains between India and Nepal.
Nepal is optimistic that traders moving goods via container trains on the Indo-Nepal route will get non-Concor choices as well.
The train-running protocol is decided by the India-Nepal Rail Service Agreement (RSA) that was reviewed a few days ago. Nepal’s Himalayan Times quoted officials there of stating that the two sides have agreed to allow private container...
https://container-news.com/concor-monopoly-india-nepal-cargo-movement/
Quake-damaged port on China-Nepal border to resume cargo operations
The port of Zham on the China-Nepal border will resume its cargo service Wednesday, May 29, four years after it was closed due to a massive earthquake, according to a press conference held by the information office of southwest China’s Tibet Autonomous Region Tuesday, May 28.
Tashi Gyatso, a spokesperson of the Tibetan regional government, said efforts had been made on geological disaster prevention and control, power supply, and reconstruction of roads, water conservancy, joint inspection and...
https://container-news.com/quake-damaged-port-china-nepal-border-resume-cargo-operations/
New tracking system eases India-Nepal cargo flow
There were some major developments in India-Nepal trade relations.
First, the containerised rail cargo carrying third-country imports of Nepal through the Indian ports of Kolkata and Vizag will no longer require clearance by Indian Customs authorities as both ports have introduced the electronic cargo tracking system (ECTS).
The ECTS is an electronic seal that, unless tampered with, ensures free movement of the container through the international border.
The system has already been introduced at...
https://container-news.com/new-tracking-system-eases-india-nepal-cargo-flow/
Sea trade to Nepal gathers pace from India
- The Indian government is offering several business sops to Nepal and train transshipment is one among items
- According to shipping agents, the trade will be increased rapidly in the coming five years
- Nepal exports various products particularly woolen and woolen products
Visakhapatnam: The sea trade business for Nepal is slowly increasing from Visakhapatnam Port Trust after declaring the Port as the second gateway to Nepal after the Kolkata port.
With the Indian government strategic partnership...
https://container-news.com/sea-trade-gathers-pace-from-india/
Nepal pushes ahead with creation of a national shipping line
Landlocked Nepal is pushing ahead with plans to create a national shipping line. Prime minister Khadga Prasad Sharma Oli this week opened the Nepal Ship Office in Ekantakuna just to the south of the capital, Katmandu, near the banks of the 600 km long Bagmati river. If Oli’s vision becomes reality...
https://splash247.com/nepal-pushes-ahead-with-creation-of-a-national-shipping-line/
Landlocked Nepal pushes ahead to create national shipping line
There’s quite nothing like a landlocked country wanting a maritime presence. Splash247 today reports that the Nepalese government this week opened the Nepal Ship Office, with the lofty ambition for ships to be sailing the world flying its uniquely shaped flag. “[Prime Minister Khagda Prasad Sharma] Oli aims to buy ships for riverine trade through the mountainous country for onward shipment through Indian ports, likely by rail connections,” it reports.
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The post Landlocked Nepal pushes ahead to...
https://theloadstar.co.uk/landlocked-nepal-pushes-ahead-to-create-national-shipping-line/
Dry port in Kathmandu under construction
KATHMANDU, Jan. 18 (Xinhua) — The construction of an international dry port has begun in Nepal’s Kathmandu Valley.
Nepali Prime Minister KP Sharma Oli on Thursday, Jan 17, laid a foundation stone of the dry port in Chovar, Kirtipur municipality, several km away from the Ring Road.
The construction of the dry port has been handled by the Nepal Intermodal Transport Development Board under the Ministry of Industry, Commerce and Supplies with the loan assistance from the World Bank.
The dry port is...
http://container-news.com/dry-port-kathmandu-under-construction/
Nepal’s trade deficit is growing
Increase in imports is widening the Nepal’s trade deficit; there is a need to take urgent measures to jack up export
The only solace is an increase in remittance, which has for years helped keep the country’s economy afloat. As per the report, the workers’ remittances have increased by 37.3 per cent to Rs 242.17 billion in the review period compared to a growth of 2.6 per cent in the same period of last fiscal year. But to address the widening trade deficit, the country cannot rely on...