Inland Waterway Connectivity to be developed between India and Nepal

7 April 2018

India and Nepal are set to develop the inland waterway linkage between their countries to promote efficient and more cost effective movement of goods. India Prime Minister Narendra Modi and Nepal Prime Minister KP Sharma Oli issued a joint statement on forging this new route—which will also open additional sea access to landlocked Nepal—between the two countries on 7 April 2018, during Prime Minister Oli's state visit to India.

The planned waterway connectivity will operate within the framework of India-Nepal trade and transit arrangements. Officials from both countries are tasked to formulate and mutually agree upon requisite procedures and modalities enabling waterways as a means of transport in the India-Nepal Treaty of Transit Protocol.

Prime Minister Oli highlighted the enormous impact of waterway connectivity to the potential of businesses in Nepal and the growth of the country's economy.

 

Related Links:

 

The Governments of India and Nepal held an India-Nepal Inter-Governmental Committee (IGC) Meeting on Trade, Transit, and Cooperation...

Read More


Bangladesh, India, and Nepal conducted a trial bus service run on 24-25 April 2018. Two buses left Dhaka,...

Read More


The Government of India launched the test phase for railway movement of goods entering Nepal via the Biratnagar...

Read More


The Government of Bangladesh will sign a free trade agreement (FTA) with the Government of Thailand, according to...

Read More


The National Export Strategy (NES) of the Government of Sri Lanka has been finalized by the Export Development...

Read More


The Bangladesh National Board of Revenue (NBR) will act as lead agency for the planned National Single Window...

Read More


Bangladesh Prime Minister Sheikh Hasina said Asian countries should strive for connectivity and invest in youth and women...

Read More