India renews transit treaty with Nepal
Afp, New Delhi
India has renewed a transit treaty with landlocked neighbour Nepal which will allow the Himalayan country to export its goods through Indian ports, the Indian foreign ministry said yesterday. "Following the completion of the review process... the Treaty of Transit between India and Nepal which was in force up to January 5, 2006 has been renewed ... for a further period of seven years," the ministry said in a statement. According to the ministry, the transit treaty provides Nepal with port facilities at the eastern Indian city of Kolkata. It also specifies 15 transit routes for the transport of Nepalese goods between the India-Nepal border and Kolkata. "In addition, Nepalese trade traffic to Bangladesh also transits through India," the ministry's website says. India accounts for nearly two-thirds of Nepal's foreign trade, according to Indian figures.
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