Friday, 31 March 2017

India, Nepal to sign pact on transit cargo movement

India and Nepal will soon sign a Memorandum of Intent (MoI) to facilitate a pilot run for the movement of traffic-in-transit. "An Moi on India-Nepal Electronic Cargo Tracking System (ECTS) pilot run will soon be signed by India and Nepal to facilitate movement of traffic-in-transit belonging to Nepal from the port of arrival in India to Nepal. The pilot aims to demonstrate the benefits, especially in terms of reduced costs, of the ECTS system," the Finance Ministry said in a statement here on Thursday.

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