CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

Rasuwagadhi-Kerung border closed in less than a month

CEO Tab by CEO Tab
January 22, 2023
in Prime News
0
Increase in imports from Rasuwagadhi transit
75
SHARES
1.3k
VIEWS
Share on FacebookShare on Twitter

Nepal’s trade with China via the land routes has been disrupted once again with the Chinese side halting the trade through Rasuwagadhi-Kerung till February 3.

You might also like

Proposed Company Law Amendment May Force Large FDI Firms to Go Public

Bird Flu Detected in 82 Locations Across 11 Districts; Kathmandu Valley Emerges as Hotspot

Government Considers Allowing Companies to Issue Shares Below Rs 100 Face Value

Trading of goods through the land route has once again come to a halt in less than a month after China eased restrictions at the border point after three years. 

On December 28, China had announced to open the border for two-way trade between the two countries through Rasuwagadhi-Kerung checkpoint effective from January 8 as the country announced lifting Covid-19 curbs across the nation by downgrading the virus to a less-severe category. Prior to this, the northern neighbor had been allowing partial movement of goods for three years, under the pretext of spread of the pandemic.

Narayan Prasad Bhandari, chief of the Customs Office in Rasuwa, said China has once again closed the border citing the celebration of their New Year. The Chinese New Year will kick off on January 22 and will be celebrated through February 5.

In three weeks’ period, Nepal sent 39 containers full of exportable goods worth Rs 60 million to China. On the other hand, Nepal received imported goods on an average of 14 containers daily, according to Bhandari.

Through the Rasuwagadhi-Kerung dry port, Nepal imports ready-made clothes, footwear, apples, motor batteries and plastic products, among others. On the other hand, Nepal exports pashmina products, carpets, bamboo stools, wheat, vegetable ghee, noodles, pasta, biscuit, juice, jam, beaten rice, sugar, Nepali hog plum candy, chocolates and chewing gum to China

Showing various pretexts, China time and again has been obstructing bilateral trade via the land routes. Since the 2015 earthquake, Nepal’s export through the Tatopani-Khasa border has come to a standstill. Prior to the earthquake, the trade volume through this land route used to be more than Rs 150 billion annually. 

In the first five months of the current fiscal year, Nepal imported Chinese goods worth Rs 4.42 billion via Tatopani border. Dayananda KC, chief officer of the Customs Office in Tatopani, said an average of three containers of Chinese goods, mostly containing fruits, is imported to Nepal through this border point. The government collects customs revenue of around Rs 240 million a month.

Nepal shares its border with the Tibet autonomous region of China in a stretch of 1,414 kilometers along the Himalayan range.  China has officially announced opening six border points for bilateral trade via land routes. These include Kodari-Nyalam (Tatopani-Khasa), Rasuwa-Kerung, Yari (Humla)-Purang, Olangchunggola-Riwu, Kimathanka- Riwu and Nechung (Mustang)-Lizi checkpoints.

However, till date, only two trade routes, namely Rasuwagadhi and Tatopani, have been opened for commercial trading. Still, the Chinese authorities shut these points indefinitely on various pretexts time and again.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Proposed Company Law Amendment May Force Large FDI Firms to Go Public

by CEO Tab
June 24, 2026
0
Proposed Company Law Amendment May Force Large FDI Firms to Go Public

The government has proposed major changes to Nepal’s corporate sector by making it mandatory for foreign direct investment (FDI)-based companies with investments of Rs 500 million or more...

Read more

Bird Flu Detected in 82 Locations Across 11 Districts; Kathmandu Valley Emerges as Hotspot

by CEO Tab
June 24, 2026
0
Bird Flu Detected in 82 Locations Across 11 Districts; Kathmandu Valley Emerges as Hotspot

Bird flu has been confirmed in 82 locations across 11 districts of Nepal, with the Kathmandu Valley emerging as the country's main hotspot, according to the Department of...

Read more

Government Considers Allowing Companies to Issue Shares Below Rs 100 Face Value

by CEO Tab
June 24, 2026
0
Government Considers Allowing Companies to Issue Shares Below Rs 100 Face Value

The government is considering a major reform in Nepal's capital market by allowing public limited companies to issue primary shares with a face value lower than the current...

Read more

Nepal Partially Reopens Registration of Public Transport Vehicles

by CEO Tab
June 23, 2026
0
Nepal Partially Reopens Registration of Public Transport Vehicles

The Department of Transport Management (DoTM) under the Ministry of Physical Infrastructure and Transport has partially lifted its indefinite suspension on the registration of public transport vehicles. According...

Read more

Nepal’s Foreign Trade Expands by 14.78%, Trade Deficit Widens Further

by CEO Tab
June 23, 2026
0
Nepal’s Foreign Trade Expands by 14.78%, Trade Deficit Widens Further

Nepal's total foreign trade increased by 14.78 percent during the first eleven months of the current fiscal year 2025/26 (2082/83 BS), reaching Rs 2.172 trillion, according to the...

Read more
Next Post
Ad-related transactions in social media via informal channels are illegal: NRB

NRB to prohibit BFIs from considering capitalized interest

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.