Nepase begins week with a 12-point drop

October 15, 2019 12:22 pm

KATHMANDU, Oct 14: The Nepal Stock Exchange (Nepse) index, which traded slightly in the green on Monday morning, quickly gave up its gains to descend below the opening level in the latter trading hours.

Creating a shared future

September 29, 2019 02:05 am

The Silk Road came into being in the second security BCE as a result of silk trade. After thousands of years, trade between countries and regions along this route has been flourishing. Now, it has become a major path of trade, as well as cultural and friendly exchanges between the East and the West. It is not only a heritage of the past, but also a great initiative to create the future. The Belt and Road Initiative (BRI) is about the same.

KATHMANDU, Aug 20: Nepal-Philippines Chamber of Commerce and Industry (NPCCI) has vowed to work toward facilitating trade, educational and tourist ties between Nepal and the Philippines.

WASHINGTON, August 2: U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply raising the stakes in a bruising trade war with China and jolting global financial markets.

Your daily dose of the missed important news of the day.

SEOUL, July 24: South Korea protested on Wednesday against a Japanese plan to remove it from a Japanese list of countries that face minimum trade restrictions, saying it would undermine their decades-old economic and security cooperation and threaten free trade.

WASHINGTON/SANTIAGO, July 24:  The International Monetary Fund on Tuesday cut its forecast for global growth this year and next, warning that further U.S.-China tariffs or a disorderly exit for Britain from the European union could further slow growth, weaken investment and disrupt supply chains.

MEXICO CITY, July 21: U.S. Secretary of State Mike Pompeo will meet with Mexican Foreign Minister Marcelo Ebrard on Sunday

KATHMANDU, July 20: With the beginning of online system for issuance of Certificate of Origin, traders who export their products to the third country can issue Certificates of Origin through links in the websites of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), Confederation of Nepalese Industries (CNI), and Nepal Chamber of Commerce (NCC).

The great crypto heist

July 18, 2019 00:30 am

Cryptocurrencies are routinely launched and traded outside the domain of official financial oversight. The result is crypto land has become an unregulated casino

SEOUL, July 14: South Korea’s trade ministry said on Sunday it plans to raise the “unfairness” of Japan’s export curbs at the World Trade Organization’s general council meeting on July 23 to 34.

THE HAGUE, July 12: Dutch Prime Minister Mark Rutte is visiting U.S. President Donald Trump next week, amid reports that the Netherlands is considering an American request to help protect shipping in the Persian Gulf.

NEW DELHI, July 11: India and U.S. trade negotiators will meet on Friday, with few signs of a compromise on a series of protectionist measures taken by the two governments in recent months that have strained ties between the strategic partners.

WASHINGTON, July 11: As trade talks resume between China and the United States, President Donald Trump’s advisers are confident he can portray his stance against Beijing as a strength in the 2020 election, despite making concessions and having no deal in sight.

TOKYO, July 3: Asian shares fell on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods.

KAPILVASTU, June 29: More than 80% of revenue at Suthauli Customs Office, located in Yashodhara Rural Municipality, comes from agricultural products. However, in lack of quarantine services in Suthauli, all stakeholders are suffering.

KATHMANDU, June 29: Trade deficit widened by 17.4% in the first 11 months of the current fiscal year 2018/19 to Rs 1,211.97 billion.

OSAKA, June 27: Trade and geopolitical tensions, and the looming threat of climate change, are on the agenda as the presidents of the United States and China and other world leaders gather in Osaka, Japan, for a summit of the Group of 20 major economies.

OSAKA, June 27: Trade and geopolitical tensions, and the looming threat of climate change, are on the agenda as Chinese President Xi Jinping and other world leaders gather in Osaka, Japan, for a summit of the Group of 20 major economies.

NEW DELHI, June 26: U.S. Secretary of State Mike Pompeo began official meetings in India’s capital on Wednesday amid growing tensions over trade and tariffs that has strained the partners’ ties.

RUPANDEHI, June 26: The budget of Butwal Sub-metropolitan City for the upcoming fiscal year 2019/20 prioritizes urban infrastructure development, tourism, trade and industry.

RASUWA, June 23: Twenty-two drivers and assistants of containers importing and exporting goods from Kerung, China, have been provided with temporary letters of permit for entry into China.

KATHMANDU, June 23: Though the total exports of Nepal has been on a rising trend, albeit slowly, the case is opposite with China.

TOKYO, June 19: Substantial discussions on trade, including reform of the World Trade Organization, will likely take place at a summit of Group of 20 major economies next week in Osaka, a senior Japanese finance ministry official said on Wednesday.

KATHMANDU, June 3: Deliberations on the policy, objective and principals of the fiscal year 2019/20 budget estimates began at the House of Representatives today.

BEIJING, June 2: China issued a report Sunday blaming the United States for a trade dispute and said it won’t back down on “major issues of principle.”

TOKYO, May 31:  Global shares were mostly lower Friday as trade worries continued after U.S. President Donald Trump announced additional tariffs on imports from Mexico.

BEIJING, May 31: China’s factory activity fell into contraction territory in May amid an ongoing trade dispute with the U.S. that has seen higher tariffs slapped on Chinese exports.

SINDHUPALCHOK, May 29: The Tatopani border point, Nepal's vital and the oldest trading point with the northern neighbor China that was closed following the April 2015 earthquakes, has resumed its operation on Wednesday.

BEIJING, May 29: China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions between the world’s two largest economies.

TOKYO, May 27: U.S. President Donald Trump pressed Japanese Prime Minister Shinzo Abe on Monday to even out a trade imbalance with the United States and expressed confidence, despite Japanese wariness, that “good things” would come from North Korea.

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.