World Economy

Blockade Hurting Nepal

Blockade Hurting Nepal  Blockade Hurting Nepal

Political unrest in Nepal’s Terai region in the run-up to and following the introduction of the new constitution on September 20 has led to the obstruction of trade, something that is having a significant impact on the country’s economy, NewsNow reported. The Terai-based parties’ agitation has resulted in serious disruption of imports of major commodities such as petroleum products, construction and industrial raw materials and other essentials. The resulting acute shortage of petroleum products is the most serious problem. Although the government has initiated political and diplomatic negotiations, it remains unclear how soon the stalemate will be resolved.