Foreign Minister reaffirms Nepal's foreign policy stand of Panchasheel

Published On: February 1, 2019 05:38 PM NPT

KATHMANDU, Feb 1: Minister for Foreign Affairs, Pradeep Kumar Gyawali said that Nepal was committed to promoting national interests and its external engagements by promoting Nepal’s credentials as an open and progressive democratic state at the international level; and by pursuing effective economic diplomacy to contribute to development imperatives at home.

He said that in pursuing these goals, Nepal adhered to the principles of the Panchasheel, non-alignment, UN Charter, international law, and norms of world peace at the center. He added that the main objective of Nepal’s is to have ‘amity with all, and enmity with none’.

Gyawali said that after political stability, Nepal aimed to deepen its cooperation with immediate neighbors, India and China to enhance economic partnership for the country’s development. “We will continue to build on the existing cooperation with the major powers of the world, our development partners, labor-receiving countries and other friendly countries,” he said.   

The Minister added that following the end to political instability, the government aspired to bring prosperity to the country by revitalizing the economy and graduating from the Least Developed Countries list by 2030. “We strive to achieve socio-economic development and prosperity, building on the dividend of political transformation.”

He cautioned that the ambition was not free from challenges and it required modernizing agriculture, building infrastructure and tapping energy potentials among others.

“That is why we are hosting an International Investment Summit on 29-30 March this year to invite foreign investors to Nepal. This is a topmost priority for us at the moment,” he informed diplomats from various countries based in Kathmandu.​ 

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