India, Nepal join hands to promote inland waterways for cargo movement | Current Affairs, Current Affairs 2018

India, Nepal join hands to promote inland waterways for cargo movement

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In an effort boost the cooperation in the connectivity sector, India and Nepal has decided to develop inland waterways for cargo movements.
According to an official statement from Ministry of External Affairs, ‘ Aiming to seek cooperation Prime Minister Narendra Modi and his Nepalese counterpart KP Sharma Oli, held talks and vowed to step up overall engagement and take the relationship to newer heights on the basis of “equality, mutual trust and respect”.
Taking cognisance of their geographies and noting the development of inland waterways in both countries, the two leaders took the “landmark decision to develop the inland waterways for the movement of cargo, within the framework of trade and transit arrangements, providing additional access to sea for Nepal,” it said.
This new initiative would enable cost-effective and efficient movement of cargo. The prime minister of Nepal noted the enormous impact the additional connectivity would have on the growth of business and economy of Nepal. To facilitate the movement of traffic-in-transit, the two leaders directed their respective officials to formulate and mutually agree upon the requisite procedures and modalities for including inland waterways as an additional means of transport in the Protocol to the Treaty of Transit between India and Nepal’.

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