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Nepal, China to enhance cooperation under Belt & Road Initiative
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IANS | 23 Jun, 2018
Nepal and China have agreed to execute projects under the Belt and Road
Initiative (BRI) to enhance connectivity that encompasses ports, roads,
railways, aviation and communications within the overarching framework
of Trans-Himalayan Multi-Dimensional Connectivity Network.
In a
joint statement issued during the visit of Nepali Prime Minister K.P.
Sharma Oli, the two sides agreed to take practical measures to promote
cooperation in all fields mentioned in the MOUs that included conducting
a feasibility study of Kerung-Kathmandu railway, reconstruction of two
friendship fridges, protocol on the utilization of Tibetan highways for
cargo transport and investment and cooperation on production capacity.
On
the railway pact that aims to extend the Chinese railway network to
Kathmandu, the joint statement said: "Nepal and China underscored it as
the most significant initiative in the history of bilateral cooperation
and believed that it would herald a new era of cross-border
connectivity.
Other pacts reached during Oli's visit from June
19-24 were setting up of a mechanism for facilitation on the
implementation of China-Nepal Cooperation Programmes and Projects in the
Himalayan nation, MOUs on strengthening cooperation between their
Foreign Ministries, cooperation in fields of energy and human resource
development.
Beijing and Kathmandu also agreed to work together
in areas of economy, trade, investment, industrial capacity,
post-disaster reconstruction and other mutually beneficial areas,
according to the statement.
Another takeaway of the visit was an
early finalization of the joint feasibility study on the China-Nepal
Free Trade Agreement (FTA), establishing cross-border economic
cooperation zones and an agreement on completing the post disaster
recovery of two frontier inspection stations on Nepal-China border.
Beijing
agreed to support the Chinese-funded banks for opening their branches
in Nepal. It said that it was ready to negotiate the financing
modalities of the projects on road, railway connectivity, hydropower and
transmission lines, among others, proposed by Nepal.
The two
sides will also boost cooperation between the law enforcement agencies
on information exchanges, capacity building and training. They will
negotiate the Treaty on Mutual Legal Assistance in Criminal Matters and
Treaty on Extradition to fight against illegal border crossing and
transnational crimes.
There will be more exchanges and
cooperation between China and Nepal in areas of education, culture,
tourism, media, think tanks, youth and people-to-people relations.
China
said it will provide more government scholarships every year to Nepal,
whereas Kathmandu said it will facilitate the teaching programme of
volunteer Chinese language teachers.
"The two sides agreed to
strengthen cooperation in the UN and other multilateral forums and to
safeguard common interests of developing, least developed and landlocked
developing countries in particular," the joint statement added.
The
two countries will also view and support each other's participation in
the regional cooperation process and enhance coordination and
cooperation within the SCO, SAARC and other regional cooperation
mechanisms within the agreed frameworks and guidelines.
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