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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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October 15: Lack of competition among shipping companies and the importers not being aware of the choices of companies have increased Nepal’s transit costs with third countries. Although quick procedures and technology have been adopted to reduce the burden of extra time and other costs at Indian ports, the cost has not yet been reduced due to the monopoly of the shipping companies.
Nepal’s trade with third countries is almost 40 percent of the total foreign trade.
Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.
It is estimated that more than 100,000 containers enter the country annually by sea.
Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade.
“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.
It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
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'title' => 'Cartel of Shipping Companies Troubling Nepal’s Overseas Trade',
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'summary' => 'October 15: Lack of competition among shipping companies and the importers not being aware of the choices of companies have increased Nepal’s transit costs with third countries.',
'content' => '<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">October 15: Lack of competition among shipping companies and the importers not being aware of the choices of companies have increased Nepal’s transit costs with third countries. Although quick procedures and technology have been adopted to reduce the burden of extra time and other costs at Indian ports, the cost has not yet been reduced due to the monopoly of the shipping companies.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Nepal’s trade with third countries is almost 40 percent of the total foreign trade.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Out of this, about 10 percent of all trade is done through the air route with the third countries. Mostly, shipping from overseas is done by foreign shipping companies. These companies transport containers to Nepal via the Indian ports of Kolkata and Visakhapatnam.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that more than 100,000 containers enter the country annually by sea.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">Ashok Kumar Temani, chairman of the Transport and Transit Committee of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) informed that about two dozen shipping companies are involved in the transportation of Nepal's foreign trade. </span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">“Traders and importers have complained that the cost of imports has increased unexpectedly due to the cartel of big companies,” he informed.</span></span></span></span></p>
<p><span style="font-size:12pt"><span style="font-family:Cambria"><span style="font-size:14.0pt"><span style="font-family:Calibri">It is estimated that the cost of transportation is about 25 percent of the entire valuation of Nepal's foreign trade expenses.</span></span></span></span></p>
<p> </p>
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simplexml_load_file - [internal], line ??
include - APP/View/Elements/side_bar.ctp, line 133
View::_evaluate() - CORE/Cake/View/View.php, line 971
View::_render() - CORE/Cake/View/View.php, line 933
View::_renderElement() - CORE/Cake/View/View.php, line 1224
View::element() - CORE/Cake/View/View.php, line 418
include - APP/View/Articles/view.ctp, line 391
View::_evaluate() - CORE/Cake/View/View.php, line 971
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View::render() - CORE/Cake/View/View.php, line 473
Controller::render() - CORE/Cake/Controller/Controller.php, line 968
Dispatcher::_invoke() - CORE/Cake/Routing/Dispatcher.php, line 200
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[main] - APP/webroot/index.php, line 117