SBI Small Cap Fund Direct-Growth
Aditya Birla Sun Life Tax Relief 96 Direct-Growt..
Mirae Asset Emerging Bluechip Fund Direct-Growth
ICICI Prudential Bluechip Fund Direct-Growth
Mirae Asset Tax Saver Fund Direct-Growth
India is a more cost-effective option for Kathmandu than China. Here's why
India has a major role to play
Non-tariff Trade: Informal trade happens in the Terai region too. These are for goods mainly produced in UP, Bihar and West Bengal to avoid high tariff and other issues such as weak infrastructure and high transportation cost. In exchange, Nepal gives goods produced in third countries.
Proximity to ports
Meanwhile, Vishakhapatnam port is Nepal’s cargo gateway to China, Southeast Asia, the US and Europe.
India has agreed to provide Nepal access to Dhamra port in Odisha and Mundra in Gujarat. The two countries have been negotiating to facilitate trade through inland waterways from Haldia to Nepal through rivers Koshi and Gandak.
More access points in India
Tatopani-Zhangmu and Rasuwagadhi-Kerung are the two major trade points. Tatopani has been the closest trade point with China since 1960s but it was closed after a severe earthquake hit in 2015. It reopened only last year, impacting trade.
Bulk of Nepal’s exports to China is consumed in Tibet. China’s attempt is to provide Nepal access to another port through the Kathmandu-Rasuwadadhi highway.
The deal gave Nepal access to many Chinese ports for third country trade. China also invested in rail and road networks to boost bilateral trade. In the fiscla year 2019-20, Nepal-China trade through the border points route has reached about $20 million, which is five times that of last year.
In the image: Nepal's Foreign Minister Pradeep Gyawali shakes hands with a Chinese delegate.