Further the signing of trade and transit agreement

Nepal Chinese Boarder in Kerung, Tibet by the end of year 2018. Further the signing of trade and transit
agreement between Nepalese and Chinese government in year 2015 and up gradation of facilities at Kerung-
Rasuwagadi boarder is likely to decrease Nepal’s trade dependence with India which was created largely by
landlockedness of Nepal.
References
[1]. Prasai, L.P. (2014). Foreign trade pattern of Nepal: Gravity model approach. NRB working paper no.
21, NRB Kathmandu
[2]. Acharya, S. (2013). A Panel Data Analysis of Foreign Trade Determinants of Nepal: Gravity Model
Approach. NRB Economic Review, vol. 25, 1-20.
[3]. Basyal, T. R. (2011). Nepal's Economic Growth Rate in the Context of Absorption, Trade Imbalances
and the Fixed Exchange Rate. Banking Journal, 1(1), 1-13.
[4]. Sharma, O., & Bhandari, R. (2005). Foreign Trade and Its Effects on Nepalese Economic Development.
The Journal of Nepalese Business Studies, Kathmandu.
[5]. Singh, D. A. and Khanal, R. K. (2010). Pattern of Indo-Nepal Trade after 1990. Socioeconomic Voice.
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[6]. Thapa, S.B. (2013). Nepal's Trade Flows: Evidence from Gravity Model. NRB Economic Review, vol.
24-2, 1-12.
[7]. Sharma, O. and Bhandari, R. (2005). Foreign Trade and Its Effect on Nepalese Economic Development.
The Journal of Nepal Business Studies, Vol. II, No. 1
[8]. Ministry of Finance (2017). Economic Survey Fiscal Year 2016/17. Kathmandu