NewzVille Desk
A bilateral meeting between Piyush Goyal, Commerce and Industry Minister of India and Anil Kumar Sinha, Minister for Industry, Commerce and Supplies, Government of Nepal was held today in New Delhi.
Both India and Nepal interchanged Letter of Exchange (LoE) amending the Protocol to the Treaty of Transit between India and Nepal, took place. This signing will facilitate the movement of rail-based freight between Jogbani (India) and Biratnagar (Nepal) including bulk cargo under an expanded definition. This liberalization extends to key transit corridors- Kolkata-Jogbani, Kolkata–Nautanwa (Sunauli), and Visakhapatnam–Nautanwa (Sunauli), thereby strengthening multimodal trade connectivity between the two countries and Nepal’s trade with third countries.
