Sunday, September 18, 2022

Traders seek government initiation to open northern border

Kathmandu, Sept. 10

Nepal National Federation of Entrepreneurs (NNFE) on Saturday demanded that the government start its initiation to bring the Nepal-bound goods stuck across the Nepal-China border in Rasuwagadhi and Tatopani.

Issuing a statement, it stated that the government has largely remained indifferent towards the concerns of the businessmen.

It objected that there is no initiative on the part of the government to release goods worth billions of rupees stuck at the Chinese border.

“It is worrisome that the government did not show interest in solving the problems of entrepreneurs,” read the statement.

Kumar Karki, the president of the NNFE, said that goods being imported targeting the upcoming festival season are likely to get damaged due to the border closure while agricultural goods have already begun to rot. He expressed worries that the border shut down could result in the shortage of clothes and other goods during Dashain, the greatest festival in Nepal.

The federation has urged the government to solve the problems being created at the border. Many entrepreneurs are unable to even pay the bank's interest rates as their business is affected due to the shortage of goods, it maintained.

"There is a situation where the goods are stuck at the border, the bank is repeatedly asking to repay the loan and threatening to auction and confiscate the property, which is causing mental stress," read the statement.

Likewise, the NNFE requested the Nepal Rastra Bank to control the bank's interest rate.

Tibet is under lockdown for a month since August 10. And according to the traders’ rough estimate, the number of trucks and containers stuck across the border has reached 450.

Published in The Rising Nepal daily on 11 September 2022. 

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