Nepal-China Trade
IN ancient times there was significant volume of trade between Nepal and China, particularly Tibet the autonomous region of China. Now, however this trade is not up to an appreciable extent, and there is much more scope for boosting the trade between the two countries for their mutual benefit. In this connection a discussion was held between a Chinese delegation that is currently visiting Nepal with the representatives of Nepal Trans Himalayan Border Trade Association.
The purpose of the parleys is to manage the trade between the two countries as well as to clear up the problems that might arise while carrying out such trade, apart from creating a congenial environment that would be ideal for the enhancement of trade between the two countries. The Chinese government for its part has made it known that the government level discussions desires to further expanding and improving trade between the two neighbouring countries.
However, the governments alone are not able to further boosting the trade, and, as such, the private sector should also be actively involved so that a vibrant trade thrives that would bring in rich dividends for the people of both the countries and contribute substantially to raise the income of their peoples. For this it is found that a mechanism including the representatives of local bodies and trade representatives of the two countries should be made in an attempt to seek resolutions to problems that the traders face in Khasa. Incidentally, Khasa is a commercial hub for Nepal-China trade. Furthermore, the full potential of trade between Nepal and China could be realized if the Chinese investors were to invest in the banking and tourism sector.
China has now emerged as an economic superpower. Nepal stands to benefit were it to attract the investors from China for also such sectors as hydroelectricity that holds immense potential and with which Nepal is endowed aplenty. For the time being, trade between the two countries would be further facilitated if the visa processing for Nepalese businessmen were to be eased. Other measures that could be undertaken are to initiate trade by developing infrastructures for transits adjacent to Nepal and China. Nepal also would appreciate it were the customs duty for Nepalese agricultural products, handicrafts and food grains in the Chinese market were done away with. These are some of the measures that would revive and also contribute to the further enhancing the trade between the two friendly countries.
Source: The Rising Nepal, May 20, 2007
The purpose of the parleys is to manage the trade between the two countries as well as to clear up the problems that might arise while carrying out such trade, apart from creating a congenial environment that would be ideal for the enhancement of trade between the two countries. The Chinese government for its part has made it known that the government level discussions desires to further expanding and improving trade between the two neighbouring countries.
However, the governments alone are not able to further boosting the trade, and, as such, the private sector should also be actively involved so that a vibrant trade thrives that would bring in rich dividends for the people of both the countries and contribute substantially to raise the income of their peoples. For this it is found that a mechanism including the representatives of local bodies and trade representatives of the two countries should be made in an attempt to seek resolutions to problems that the traders face in Khasa. Incidentally, Khasa is a commercial hub for Nepal-China trade. Furthermore, the full potential of trade between Nepal and China could be realized if the Chinese investors were to invest in the banking and tourism sector.
China has now emerged as an economic superpower. Nepal stands to benefit were it to attract the investors from China for also such sectors as hydroelectricity that holds immense potential and with which Nepal is endowed aplenty. For the time being, trade between the two countries would be further facilitated if the visa processing for Nepalese businessmen were to be eased. Other measures that could be undertaken are to initiate trade by developing infrastructures for transits adjacent to Nepal and China. Nepal also would appreciate it were the customs duty for Nepalese agricultural products, handicrafts and food grains in the Chinese market were done away with. These are some of the measures that would revive and also contribute to the further enhancing the trade between the two friendly countries.
Source: The Rising Nepal, May 20, 2007
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