Trade through quake-hit Gyirong port in Tibet surges in 2016 - Economy & Society - Tibetol

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Trade through quake-hit Gyirong port in Tibet surges in 2016
update:March 28,2017
March 24,2017--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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