BEIJING, May 15: China is running out of options to hit back at the United States without hurting its own interests, as Washington intensifies pressure on Beijing to correct trade imbalances in a challenge to China’s state-led economic model.

BEIJING, May 1: China and the United States held “productive” trade talks in Beijing on Wednesday and will continue discussions in Washington next week, U.S. Treasury Secretary Steven Mnuchin said, as the two try to end their trade war.

Trade with China through Tatopani

April 29, 2019 02:00 am

After four years of complete closure, Nepal’s trade with China through Tatopani border point is resuming, most probably from May 20.

CNI chair visits China

April 27, 2019 08:44 am

KATHMANDU, April 27: Confederation of Nepalese Industries (CNI) chairman Satish Kumar Moore met Chinese Council for Promotion of International Trade (CCPIT) Vice-Chairman Lu Pengqui during his recent visit to China.

UNITED NATIONS, April 16: The 2019 Economic and Social Council (ECOSOC) financing for development forum opened here Monday and its participants called for efforts to reform the multilateral trading system.

DOLAKHA, April 12: The unabated poaching and smuggling of the rare anteater pangolin has led to its disappearance from most parts of Dolakha.

TAPLEJUNG, April 7: The falling price of black cardamom has been frustrating for farmers and traders in the eastern part of the country. Though a brief price rise after a continuous fall for the past four months came as a respite for them, the recovery did not last more than a couple days.

Where we failed on trade

February 24, 2019 01:30 am

Major trade routes Nepal struggles to open with China today were customary trade routes to travel and supply goods to Tibet and vice-versa

KATHMANDU, Feb 17: India can play a key role in Nepal's bid to expand its international trade being a close neighbor of the landlocked Himalayan nation, a top UN official has said.

BEIJING, Jan 9: U.S. and Chinese envoys extended trade talks into a third day Wednesday, as President Donald Trump said negotiations aimed at ending a tariff war were “going very well!”

BEIJING, Jan 4: China and the United States will hold vice ministerial level trade talks in Beijing on Jan. 7-8, as the two sides look to end a dispute that is inflicting increasing pain on both economies and roiling global financial markets.

Nepal, China agree to expedite past deals

December 14, 2018 08:03 am

KATHMANDU, Dec 14: Nepal and China have agreed to expedite the implementation of past agreements and understandings and prioritize projects under bilateral co-operation.

BUENOS AIRES, Dec 2: Leaders of the world’s top economies agreed Saturday to repair the global trading system as they closed a Group of 20 summit that saw the Trump administration at odds with many allies over the Paris accord on climate change and issues like migration.

BUENOS AIRES, Dec 1: Divisions among the world leading economies emerged from the moment their leaders gathered Friday in Argentina: Donald Trump struck his own deals and angered allies, and the leaders of Russia and Saudi Arabia bonded amid criticism from European powers.

Nepal, Myanmar sign trade agreement

November 30, 2018 18:08 pm

KATHMANDU, Nov 30: Nepal and Myanmar have signed an agreement on trade and investment today. This is the first time such agreement has been reached between the two countries.

BRUSSELS, Nov 22: Brussels and Beijing want to stop the US justifying tariffs as security measures, but the move carries high risks.

Enhancing Nepal’s trade

November 22, 2018 01:30 am

Nepal should engage with both China and India through increased connectivity, trade facilitation and investment enabling measures to enhance its economy

CHINA, Nov 11: World leaders will push for the rapid completion of a massive, China-backed trade deal that excludes the US at a summit this week, in a rebuke to rising protectionism and Donald Trump's "America First" agenda.

Online share trading to go live today

November 6, 2018 09:00 am

KATHMANDU, Nov 6: The much-awaited fully automated online trading of shares is going live from Tuesday.

PARSA, Nov 4: The revenue collection by the Birgunj Customs Office in the past three months of the current fiscal year exceeded the target. The office gathered over Rs 43.19 billion in revenue in this period against the target of Rs 37.75 billion.

KATHMANDU, Oct 30: The y-o-y consumer price inflation has increased to 3.9 percent in mid-September this year from 3.4 percent in the same period of the previous year.

KATHMANDU, Oct 26: The total trade deficit of the country has widened 45.92 percent in the first quarter of the current fiscal year 2018/19 to Rs 349.84 billion, driven by a sharp rise of import bill and sluggish exports growth.

BEIJING, Oct 19: China’s economic growth slowed further in the latest quarter, adding to challenges for communist leaders as they fight a tariff battle with Washington.

TOKYO, Oct 18: Japan’s exports fell in September for the first time since 2016 as shipments to the United States and China declined, likely impeding third quarter economic growth and adding to concerns about the broadening impact of an escalating Sino-U.S. trade war.

Nepse snaps losing run

October 9, 2018 09:07 am

KATHMANDU, Oct 9: Trading began on a positive note on Monday, gaining more than six points initially. Though the remaining sessions were relatively lackluster, the benchmark Nepal Stock Exchange (Nepse) index gained 6.16 points to close the day at 1,220.52 points.

Trading through China

October 2, 2018 01:00 am

A transit agreement with China was a long time coming. Nepal should have pursued one in the aftermath of the 1989-90 blockade by India

BRUSSELS, Sept 27: The United States has no right to tell European companies who they can trade and develop economic relations with, according to the Belgian Prime Minister Charles Michel.

SINDHUPALCHOWK, Sept 18: The Barhabise-Tatopani section of Arniko Highway, which once served as a major trade route of Nepal linking it with the northern neighbor China, is in a dilapidated state in lack of repair and maintenance.

RASUWA, Sept 9: Trade via Rasuwagadhi along the northern border point has now reopened, but traders say they cannot immediately import goods for the upcoming Teej festival from the China. The reason, according to them,  is lack of containers to supply goods from Kerung, the nearest market in Tibet.

KATHMANDU, Sept 7:  Nepal will now be able to use all dry ports of China to ferry goods from China's border points, according to an agreement reached between government officials from Nepal and China.

Losing trade strategy

September 3, 2018 00:30 am

If the UK really wants to become an exporting superpower, it should be welcoming immigrants

CAIRO/OTTAWA, Aug 6: Saudi Arabia will suspend new trade and investment with Canada after that country’s foreign ministry urged Riyadh to release arrested civil rights activists, it said in a statement released to the official Saudi Press Agency on Sunday.

NEW DELHI, Aug 6: With the US imposing additional 25 percent duty on imports worth $34 billion from China, certain Indian products may become more competitive, CII said on Sunday.

BEIJING/SINGAPORE, Aug 5: China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of U.S. goods showed rational restraint and they accused the United States of blackmail.

KATHMANDU, Aug 4: Prime Minister KP Sharma Oli has said the problem on Nepal-India trade issues would be addressed soon.

WASHINGTON/BEIJING, Aug 2: U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration said on Wednesday.

KATHMANDU, July 31: The government has decided to send an eight-member delegation led by joint-secretary Rabi Shankar of the Ministry of Industry, Commerce and Supplies to India to participate in the first meeting being held for reviewing the Nepal-India Trade Treaty, which was last revised in October 2009.

GENEVA, July 26: Speaking at a press conference in Geneva, World Trade Organization (WTO) Director General Roberto Azevedo specifically focused on the ongoing trade war between the US and China, which he warned may finally ride roughshod over the world economy.

WASHINGTON, July 25: US President Donald Trump has proposed a mutual cancellation of "all tariffs, barriers and subsidies" in trade with the European Union in order to provide for a "fair trade." Trump will hold trade talks with European Commission President Jean-Claude Juncker on Wednesday.

WASHINGTON DC, July 25: The Trump administration has extended $12 billion in emergency financial assistance to farmers negatively affected by the ongoing trade war between the U.S. and China, among others, Politico reported Tuesday.

Brussels will this week make last-ditch attempt to convince Trump not to proceed with punitive tariffs on EU car sector

BIRGUNJ, July 22: Trade through Integrated Check Post (ICP) of Birgunj is gradually gaining momentum. Around 300 truck-loads of goods enter Nepal via the new customs infrastructure inaugurated jointly by Prime Ministers of Nepal and India on April 7, 2018.

It’s easy to cross the border between Nepal and India. Too easy. Most of its 1,600km is marked by simple, 30cm-high concrete piles. There is no wall, no fence, no barbed wire. In fact, some farmers have fields that are part in Nepal and part in India.

NEW DELHI, July 14: India’s trade deficit widened to its highest in more than five years in June, the trade ministry said on Friday, driven largely by a surge in oil prices and a weaker rupee.

Donald Trump has said the UK will "probably not" get a trade deal with the US, if the UK prime minister's Brexit plan goes ahead.

Nepal Online Trade is a business initiative of Sajak Yonjan that sells décor materials imported from China, Hong Kong, and America to Nepal. Explaining the inspiration behind starting the business he said, “I was involved in small business even before Nepal Online Trade. However, at one point, I realized the need to introduce a commercial product that would thrive in the market. So, I first started by introducing products like wall stickers, which were not easily available in the market.”

KATHMANDU, July 12: Various trade union federations have demanded the government revise the minimum wage for workers it had announced recently.

BEIJING, July 11: Chinese President Xi Jinping has promised a massive financial package of loans and aid to Middle Eastern nations, aimed at boosting the region's economy and stability, while US influence in the region is seemingly fading.

WASHINGTON/BEIJING, July 11: The Trump administration raised the stakes in its trade dispute with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 billion worth of Chinese imports.

BERLIN, July 10: German Chancellor Angela Merkel and Chinese Prime Minister Li Keqiang held talks on Monday in Berlin, and stressed their commitment to a multilateral trade system in the wake of trade disputes with Washington.