The following Joint Press Statement was issued after the signing of letters of exchange today to effect amendments to the Rail Services Agreement between India andNepal.
The Ambassador of India to Nepal Mr. Rakesh Sood and Secretary, Ministry of Commerce and Supplies Mr. Purushottam Ojha signed letters of exchange today to effect amendments to the Rail Services Agreement between India and Nepal.
2. The two countries had signed a Rail Services Agreement in May 2004 allowing rail traffic to and from ICD Birgunj comprising containers moving in flat/box wagons and break-bulk cargo in covered wagons.
3. The amendments to the agreement will open up the rail traffic in tank wagons for liquid cargo and flat wagons for bilateral break-bulk cargo. It will open the potential for transportation of crude and edible oils, petroleum products and similar other cargo to and from ICD Birgunj in tank wagons and iron and steel products etc. on flat wagons.
4. The amendments also seek to simplify the procedures for customs examination and clearance of bilateral as well as transit cargos.
5. The two governments have agreed to introduce these changes in response to a long-standing demand of the trade in both countries. This will increase the efficiency of transportation of bilateral and transit cargos and provide boost to Nepal's trade with India and other countries.
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