KATHMANDU, June 26: Highlighting the agreements that Nepali side were able to ink at China, Prime Minister KP Sharma Oli claimed that his visit to the northern neighbor was positive and encouraging.
“The agreements we’ve reached shows our commitment to realize our common goal of development and prosperity,” he said adding that China had also expressed its commitment to provide necessary supports for the same as he addressed the federal parliament to debrief them on his China’s visit.
“The railway connectivity is an important agreement as it will help to speed up development and increase economic activities,” Oli said adding that both sides had agreed to resume Tatopani entry point by May 2019 while setting up better infrastructures at Rasuwagadi and Kerung.
Stating that Nepal strived for peace, Oli said that the government was guided by the Five Principles of Peaceful Coexistence with both neighbors.
Oli added that his government was bent on ensuring development and prosperity in the nation and that the only way to do so was by maintaining cordial relationship with India and China. “We do not play card games with (China and India) for short political gains and we stand with our neighbors, in good and bad times,” Oli said. “For this reason, our foreign and global policies are guided with honest intentions that will not hinge country’s security, sovereignty and world peace.
Both Nepali and Chinese sides have agreed to intensify implementation of the Memorandum of Understanding on Cooperation under the Belt and Road Initiative to enhance connectivity.
The initiative encompasses vital components such as ports, roads, railways, aviation and communications within the overarching framework of trans-Himalayan Multi-Dimensional Connectivity Network.
The two sides also agreed to take practical measures to promote cooperation in all fields contained in the MOU, reads the 14-point Nepal-China joint statement which was released after exchanging the letter of cooperation in course of six-day official visit of Nepal's Prime Minister KP Sharma Oli to China.
Although the visit by Prime Minister Oli saw several deals to bring Chinese investors in Nepal’s hydropower and manufacturing sectors and cross-country power transmission line project, the implementation of some of the key issues that Nepal sought to expedite failed to make any headway. One such agreement was the Protocol of Transit and Transport. Nepal wanted to see a breakthrough in the protocol of Transit and Transport.