GET Stock QuotesNews18 APP
News18 English
»
2-min read

China, Nepal Sign 14 Agreements, Including Key Connectivity Deals, During Oli's Beijing Visit

The two sides signed eight agreements worth USD 2.4 billion on Wednesday, ranging from hydroelectric to water resources projects, cement factories and fruit production, the Hong Kong-based South China Morning Post reported.

PTI

Updated:June 21, 2018, 11:14 PM IST
facebookTwittergoogleskypewhatsapp
China, Nepal Sign 14 Agreements, Including Key Connectivity Deals, During Oli's Beijing Visit
Nepal's Prime Minister K.P. Sharma Oli shakes hand with Chinese Premier Li Keqiang during a signing ceremony at the Great Hall of the People in Beijing, China June 21, 2018. (Image: REUTERS)
Loading...
Beijing: China and Nepal on Thursday signed 14 agreements, including construction of a railway network following Nepalese Prime Minister K P Sharma Oli's meetings with the top Chinese leadership, including President Xi Jinping here.

Oli, who is here on a five-day visit since June 19, held in-depth talks with President Xi on Wednesday which included a lengthy one-on-one meeting followed by the delegation-level talks with Premier Li Keqiang on Thursday.

While the Chinese official media gave no details of the agreements, Nepalese daily the Kathmandu Post reported that the two countries have signed agreements on 10 different topics including one on the construction of a railway line. Four memorandum of understandings were also exchanged between them.

The agreement reached between the two sides also included promoting energy cooperation. They have also reached understanding regarding the use of highway in Tibet, energy, economic and technical cooperation and human resources development, the report said.

The two sides signed eight agreements worth USD 2.4 billion on Wednesday, ranging from hydroelectric to water resources projects, cement factories and fruit production, the Hong Kong-based South China Morning Post reported.

The key takeaway, however, was the reported railway link connecting Tibet with Nepal which could open up more trade and transport goods for the landlocked country. During his talks with Oli, Xi assured him that he is keen to see the Nepal-China cross-border connectivity come to fruition.

"The train from Shigatse (Tibet) will arrive in Kathmandu," the Post quoted Xi as telling Oli. China already had built a vast network of rail and road connectivity in Tibet, which it wants to extend to Nepal.

"The train to the Tibetan highland has been hailed as a technological wonder. But many experts here caution building the trans-Himalayan railways will pose a great engineering challenge-perhaps even more demanding than the Tibetan railways. A huge chunk of the 70-120-km track will be studded with long and difficult tunnels and bridges," the Post reported.

Oli, during his brief tenure in 2016, widened China-Nepal ties by signing the transit trade treaty with China to reduce the dependence of his country on India at the height of Madhesis agitation. He had sought expansion of road links through Tibet besides extension of China's railway to Nepal through the Himalayas.

China's state-run China Central Television reported on Thursday that during their meeting, Li told Oli that China and Nepal are good friends and partners linked by mountains and rivers.
Li pointed out that the development of China-Nepal relations is not only beneficial to both sides, but also conducive to regional peace, stability and prosperity.

China appreciates Nepal's resolute adherence to the one-China policy and supports Nepal in safeguarding national independence, sovereignty and legitimate rights and interests.

China is ready to work with Nepal to build a three-dimensional connectivity network across the Himalayas through port, railway, road, air and communications links, Li said.

Following the talks, the two prime ministers witnessed the signing of a number of bilateral cooperation documents between China and Nepal, the CCTV report said, without divulging details.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp

Live TV

Loading...
Loading...