China, Nepal reopen traditional border trade points

Lhasa, May 26 (BNA): China and Nepal reopened their traditional border trade points on Saturday, marking a step forward in enhancing bilateral economic and trade ties.

 

At the Zhentang trade point, 110 Chinese merchants and 47 Nepalese merchants engaged in transactions involving over 50 types of goods, including daily necessities, building materials, food and beverages, agricultural products and Nepalese handicraft, Xinhua reported.

 

Trade activities also resumed at other traditional sites in counties such as Zhongba, Saga, Gyirong and Nyalam.

 

Xigaze is a pivotal city for China’s opening-up to South Asia, bordering India, Nepal and Bhutan, and hosting five trade land ports.

 

Xizang traded with 175 countries and regions last year. Its imports from and exports to Nepal, its largest trading partner, totaled approximately 2.77 billion yuan (about 389.5 million U.S. dollars), up 77.2 percent year on year, according to the customs bureau in Lhasa, the regional capital.

 

 

 

 

ZH