CURRENT AFFAIRS

Detailed explanation-1: -A reasonable quantity of import fertilizer is being sent to Nepal from Bangladesh every year.

Detailed explanation-2: -The India-Nepal Treaty of Transit (1992), renewed every seven years, provides for port facilities to Nepal at Kolkata/Haldia and Visakhapatnam and specifies different transit routes between Kolkata and Vishakhapatnam and the India-Nepal border.

Detailed explanation-3: -India imports most of its Fertilizer from China, United Arab Emirates and Spain and is the 3rd largest importer of Fertilizer in the World. The top 3 importers of Fertilizer are United States with 47, 500 shipments followed by Vietnam with 44, 858 and India at the 3rd spot with 32, 848 shipments.

Detailed explanation-4: -The Contracting Parties shall accord to “traffic in transit” freedom of transit across their respective territories through routes mutually agreed upon. No distinction shall be made which is based on flag of vessels, the places of origin, departure, entry, exit, destination, ownership of goods or vessels.