Nepal to intensify cooperation with China under Belt, Road Initiative
NAN-F-43
Cooperation
Kathmandu, May 8, 2017 (Xinhua/NAN) Nepal will intensify its cooperation with China within the framework of the China-proposed Belt and Road Initiative.
The decision aims at building a trade and infrastructure network connecting Asia with Europe and Africa, officials said on Monday.
They said that the initiative that was proposed since 2013 referred to the Silk Road Economic Belt and the 21st Century Maritime Silk Road.
“The Nepalese Government decided at a Cabinet meeting on Monday to sign a Memorandum of Understanding (MoU) with China to ensure the country’s participation in the initiative.
“Nepal’s decision to join the Belt and Road Initiative followed rounds of negotiations for months between the two countries on jointly promoting the initiative,’’ Commerce Minister Romi Thakali, said.
A senior official at the Nepal’s Ministry of Foreign Affairs said that the Nepal’s participation in the Belt and Road Initiative will create a win-win situation for both countries.
“We believe that Nepal’s participation in the Belt and Road Initiative will create a win-win situation for both countries in the fields of cross-border road, air and railway connectivity, investment, trade, business, commerce as well as establishing cross-border economic.’’ (Xinhua/NAN)
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Edited by Celine-Damilola Oyewole/Abdullahi Yusuf