Coronavirus hits Nepal-China trade

coronavirus-hits-nepal-china-trade

, February 2

The country’s with has been halted completely following the closure of the border — the major trade point between the two nations — due to the coronavirus outbreak.

The shut Rasuwagadi border on January 28 to prevent the spread of coronavirus after the number of infections in China soared. As a result, has been completely halted.

China is Nepal’s second largest trading partner after . While Nepal exported goods worth Rs 863 million to China in the first five months of the current fiscal, the country imported goods worth Rs 88.6 billion from the northern neighbour during the same period.

Nepal primarily exports handicraft goods to China and imports ready-made garments, footwear products, chemical fertilisers, electrical goods, machinery parts, pipes, raw silk, telecommunication equipment and television equipment and parts from China.

“Hundreds of Nepal-bound containers have been stalled in parts of China following the closure of the entry point. trade is certain to be affected as China copes with the outbreak of coronavirus,” said Kamalesh Agrawal, vice-president of Nepal Chamber of Commerce.

Trade with China will resume only after the coronavirus outbreak is brought under control, but nobody knows when that will happen. Agrawal added that the market would soon start facing shortage


Read the full story on The Himalayan Times


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