Nepal and China signed nine agreements during Nepali Prime Minister KP Sharma Oli’s ongoing visit to China.
In a break from tradition, Oli chose China for his first foreign visit after becoming the premier in July. Traditionally, Nepali leaders have visited India on their first foreign visits but there have been exceptions. Such moves are seen as attempts by Nepali leaders to pivot from India and look for China as an alternative to India in terms of trade, investment, and bilateral relations.
Oli was received by Chinese Prime Minister Li Qiang at the Great Hall of the People in Beijing on Tuesday. Later, the two sides signed nine pacts.
Oli met Chinese President Xi Jinping on Tuesday. Chinese state media reported that Xi told Oli that China would help Nepal become a “land-linked” nation from a landlocked nation and would continue to support economic development “to the best of its ability”.
Oli is scheduled to address the Nepal-China Business Forum on Wednesday and deliver a keynote speech at Peking University, according to Kathmandu Post.
Nepal and China sign 9 pacts
Nepal and China reached nine agreements during Oli’s meeting with Li on Tuesday.
The nine agreements are:
1. Letter of exchange on the construction of the Tokha-Chhahare tunnel
2. Memorandum of Understanding (MoU) on Nepal-China trade enhancement
3. Exchange of certificate on the completion of Basantapur Durbar reconstruction in Kathmandu
4. Protocol for export of thermally processed buffalo meat
5. MoU on development plan (2025-2029) between the Finance Ministry and the China International Development Cooperation Agency
6. MoU on economic and technical assistance
7. Exchange of letters on cash assistance of 300 million yuan
8. MoU on Chinese language teachers
9. MoU between Nepal Television and China Media Group (CMG)
Content retrieved from: https://www.firstpost.com/world/the-9-pacts-that-china-and-nepal-signed-as-kp-sharma-oli-met-xi-jinping-in-beijing-13841469.html.
