KATHMANDU, May 31 (Xinhua) — Nepali former Prime Minister KP Sharma Oli has called on the country to identify projects to be developed under the framework of the China-proposed Belt and Road Initiative.
Oli made the call while addressing a one-day conference which focused on enhancing connectivity here on Tuesday.
Proposed by China in 2013, the Belt and Road Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of Silk Road.
“It is a matter of pleasure that Nepal and China signed a Memorandum of Understanding earlier this month to ensure Nepal’s participation in the Belt and Road Initiative,” Oli said.
Nepal believes this partnership will be mutually beneficial to both the countries and crucial to meet the long-term development needs of Nepal, he said, adding that it will help to build peace, social harmony and achieve prosperity in the region and beyond.
Ramsharan Mahat, a senior leader of the ruling Nepali Congress said, “Nepal should now focus to develop cross-border railways, highways and other connectivity projects with China under the Belt and Road framework.”
Former Nepali diplomat Hiranya Lal Shrestha said Nepal’s entry in the Belt and Road Initiative has further strengthened age-old bilateral ties between the two countries.
The entry has opened massive new opportunities for Nepal to carry out third country trade via China, he said, adding, “In future, Nepal can set up economic corridors with Pakistan and other countries via China, thus enhancing its connectivity.”
On the occasion, experts from Nepal and China stressed the need of cooperation between the two countries under the Belt and Road Initiative.
Nepal Foreign Affairs
By Zhao Yusha (Global Times, 22 June 2018) – The joint construction by China and Nepal of a cross-border railway c
At the invitation of Premier H. E. Li Keqiang of the State Council of the People’s Republic of China, The Rt. Hon. K P
SEOUL, June 18 : (Xinhua) — South Korea aimed to make a war-ending declaration by the end of this year although th
President Donald J. Trump of the United States of America and Chairman Kim Jong Un of the Democratic People’s Repu
It is a distinct pleasure for me to be amongst the prominent business leaders from China and Nepal. It is always a pl