High-level mechanism to implement agreements with China
June 18, 2018 06:45 AM NPT
KATHMANDU, June 18: Nepal and China are all set to set up a high-level bilateral mechanism for the implementation of projects supported by China in Nepal during Prime Minister KP Oli's visit to the northern neighbor, starting Tuesday.
A cabinet meeting held Sunday, two days prior to the official visit of the prime minister, endorsed the draft of the memorandum of understanding (MoU) on setting up the joint mechanism for the implementation of projects supported by China in Nepal, informed Information Minister Gokul Baskota, who is also the government's spokesperson.
The draft of the MoU was presented at the cabinet by the Ministry of Foreign Affairs for approval. The foreign ministries of the two countries will sign the MoU for the formation of the high-level mechanism during the prime minister's visit.
According to a minister who attended the cabinet meeting, the high-level bilateral mechanism led by foreign ministers of the two countries will facilitate and expedite the implementation of the past agreements as well as agreements that will be signed during the prime minister's visit.
The high-level bilateral mechanism led by foreign ministers of the two countries will facilitate and expedite the implementation of the past agreements as well as agreements that will be signed during the prime minister's visit.
Foreign Minister Pradeep Gyawali has already announced that Nepal and China will ink over eight agreements during the prime minister's visit to China. According to him, five agreements will be signed at the level of government and three others at the level of private sector.
An agreement for the construction of a cross-border railway between China and Nepal is at the top of the list of agreements to be signed. Earlier, during Foreign Minister Gyawali's visit to China, Nepal had urged China to construct a cross-border railway through grants.
“It is for the implementation of such big projects to be carried out under the financial support of China that the high-level mechanism is being formed,” said the minister.
Prime Minister Oli is scheduled to embark on his official visit to China at 9 am Tuesday. The prime minister will be accompanied by Minister for Home Affairs Ram Bahadur Thapa, Minister for Foreign Affairs Gyawali, Minister for Energy, Water Resources and Irrigation Barsa Man Pun, Minister for Physical Infrastructure and Transport Raghubir Mahaseth, chief advisor to the prime minister Bishnu Rimal, Members of Parliament, high-ranking government officials, representatives of private sector and media persons.
Prime Minister Oli will hold delegation-level bilateral talks with his Chinese counterpart Li Keqiang, apart from meeting Chinese President Xi Jinping.