Jhapa, August 20:
Nepal has posted Rs 90 million profits from the trade between Nepal and Bangladesh through Kakarbhitta-Fulbari- Banglabandha route that has increased in the fiscal year 2063-064 BS.
According to Nepal Transit and Depot Management Company, Kakadbhitta, trade between the two countries flourished because of simplification in trade, publicity and growing investment by the industrialists.
The company said the trade in this fiscal year has increased by 78 per cent in comparison to last fiscal year. Yadav Shivakoti, chief of the company, said the trade in 2063-64 BS was of Rs 4.09 billion whereas it only posted only Rs 60.1 million in 2062-63 BS.
Nepal exports lentil, hide, porridge flour, medicinal herbs, chiraito, hajmola tablet, hair oil, plastics and among others.
Similarly, auto parts, solar battery, raw jute, glass, clothes, plastic and hanger are imported from Bangla-desh. The trade between Nepal and Bangladesh was started in 2054 BS. The Kakarbhitta-Fulbari-Baglabandha route is the only one route for trade.
Traders said that trade between these two countries would grow further if the banda and chakkajams could be stopped.