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    <title>India-Nepal trade relationship, Historic Ties and the Entry of the Dragon – China Influence</title>
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    <description>India and Nepal&#039;s trade is governed by treaty-based arrangements-including a Treaty of Trade and a Transit Treaty-that provide Nepal access to Indian ports, tariff concessions, and land transport networks; energy cooperation, notably hydropower and electricity exchange, is central. China&#039;s Belt and Road Initiative and infrastructure investments create alternative routes and financing, altering Nepal&#039;s trade dependencies and diplomatic leverage, thereby requiring Nepal to balance treaty obligations and practical transit reliance with new opportunities from Chinese projects.</description>
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