• Sunday 19th January 2020

Trade through quake-hit Gyirong port in Tibet surges in 2016

  • Published on: March 29, 2017

  • LHASA, March 21 (Xinhua) — The total volume of trade at the border port of Gyirong in China’s Tibet Autonomous Region hit 3.4 billion yuan (490 million U.S. dollars) in 2016, a 4.5-fold increase year on year, Lhasa customs said Tuesday.
    A magnitude 8.1 earthquake hit Nepal on April 25, 2015, closing Zham and Gyirong ports. As a result, foreign trade of Tibet fell to about 5.7 billion yuan in 2015, down 59.2 percent year on year,
    In October 2015, Gyirong port reopened and China-Nepal trade recovered.
    Gyirong now undertakes the trade function of Zham, which used to clear about 90 percent of land-borne trade between China and Nepal before the earthquake.
    “Gyirong port is expected to become a major route for trade between China and Nepal,” said Yin Weifeng, deputy director of the Lhasa customs.


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