Nepal signed 10 agreements with China on 21 March 2016 in Beijing. These include a landmark transit treaty to end its total dependence on India and extension of the strategic Tibet rail link to Nepal.
The agreements were signed during the Nepalese Prime Minister KP Sharma Oli’s maiden visit to China and held wide-ranging talks with Chinese Premier Li Keqiang and called on President Xi Jinping.
China firmly supported efforts of Nepal to safeguard sovereignty, independence and territorial integrity as well as the Nepali people's choice of development path. China also promised that it will not interfere in internal affairs of Nepal.
The two countries have also started working on the first draft of a free trade agreement.
Oli also discussed with China to establish a rail network connecting different cities in the country. This is besides the plan to extent the Tibetan railway to the Nepal border.
Beijing also offered concessional loan for a new airport in Nepal's Pokhara and a feasibility study for oil and gas survey projects.
Oli showed interest in utilising Chinese seaports for its international trade and the same was informed to China's official Xinhua news agency. It is likely to end monopoly of New Delhi over Nepal’s trade through Haldia port in West Bengal.
Now get latest Current Affairs on mobile, Download # 1 Current Affairs App
.jpg){kind=logo}
Comments
All Comments (0)
Join the conversation