China's trade with Nepal through Tibet border picks up

Image
Press Trust of India Beijing
Last Updated : Jan 04 2016 | 8:32 PM IST
China's trade with Nepal has picked up since the border crossing point in Tibet opened in October to rush petroleum products and other essential items following the Madhesi protests in southern plains over the Constitution, the state media reported.
A total of 5,965 tonnes of cargo valued at USD 43.5 million was exported to Nepal between November 10 and December 10, through Jilung, one of the two major ports linking Tibet and its largest trading partner Nepal.
Jilung, or Kerung in Nepalese, was closed for about six months after an 8.1-magnitude earthquake in Nepal.
Due to the earthquake, foreign trade volume in southwest China's Tibet Autonomous Region dropped by 35.1 per cent year on year to USD 545 million in the first half of 2015.
Now, an average of 100 trucks pass through the port every day, Pu Zhengjiang, deputy inspector of Jilung port, about 130 km from Nepalese capital Kathmandu, was quoted as saying by the state-run Xinhua news agency.
The trade point was opened to rush petroleum products and other essentials which became scarce due to blockade imposed by Madhesis demanding changes in the new Constitution adopted by the Constituent Assembly on September 20.
Madhesis, who share strong cultural and family bonds with Indians, have imposed a general strike in much of southern Nepal, causing a shortage of fuel and other essential goods.
Madhesi leaders have submitted an 11-point demand to the Nepal government to end their protests over "discriminatory" nature of the Constitution.
Their demands include re-demarcation of provinces, fixing of electoral constituencies on the basis of population and proportional representation.
So far, over 50 people have died during the Madhesi-Tharu agitation.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 04 2016 | 8:32 PM IST

Next Story