Protocol to Nepal-India Transit Treaty amended to allow all types of cargo
Summary
The Protocol to the Transit Treaty between Nepal and India has been amended to allow all types of cargo transport to Bhairahawa via multiple routes, aiming to reduce transit cost and time and boost trade facilitation.
Key Points
- The Protocol to the Transit Treaty between Nepal and India has been amended to permit all types of cargo transportation via Kolkata, Visakhapatnam, Jogbani, and Sunauli routes.
- This amendment is expected to significantly reduce Nepal's transit costs and time.
- Discussions were held between Nepali Minister Anil Kumar Sinha and Indian Minister Piyush Goyal regarding bilateral trade, transit arrangements, and trade infrastructure.
- Nepal and India emphasized further cooperation aligned with India's Neighborhood-First Policy.
