Thursday, December 11, 2014

China opens second land port in Nepal to boost trade with South Asia

"In a major boost for bilateral trade between China and Nepal, a second cross-border trading route has come into operation in Tibet, allowing the communist trading giant to expand its trade with South Asia.

China yesterday officially opened the Gyirong Port on the Rasuwagadhi border in Nepal, the second land route for bilateral trade, state-run media reported.

“It will further help both sides facilitate bilateral trade and boost tourism and cooperation,” said Zhang Hongbo, Deputy Party chief of Xigaze prefecture in the Tibetautonomous region, where the port is located.

For long, the Tatopani border served as the sole trade route between China and Nepal.

“Operation of the port means a solid foundation for China to build the South Asia trading area and it will help to promote trade between China and South Asian countries in the near future,” said Su Yuanming, director of the Port Administrative Office of Tibet..."

at  http://stratrisks.com/geostrat/21687

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