Kathmandu, 30 March: An understanding has been reached to fully resume bilateral trade and people’s movement through the Rasuwagadhi-Kerung border from April 1.
The understanding was reached in the first meeting of Nepal-China Coordination Mechanism on Border Trade and Cooperation held in Lhasa of Tibet on Wednesday, according to Consulate General of Nepal in China. Secretary at the Ministry of Industry, Commerce and Supplies, Madhu Kumar Marasini, and Executive Vice-Chair of Tibet Autonomous Region (TAR) government, Chen Yongqi, had led the delegations from Nepal and China.
Discussion was held on seeking new ways on cross-border trade, resuming people’s movement, trade facilitation, customs cooperation, development of trade related infrastructures, border trade and cooperation.
Similarly, two-way trade via Tatopani-Zhangmu and human movement-passenger clearance from Yari-Pulang will be resumed from May 1, 2023. Upon Nepal’s request, the Chinese side has agreed to consider setting up a multi-functional lab in Nepal-China border. China also welcomed Nepal’s suggestion on the construction of trans-border special economic zone and to providing technical and financial support to build infrastructures in Nepal side at Nechung-Lizi border port. The Chinese side assured of opening up seasonal border trade points at Nepal-China border.
People’s News Monitoring Service
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