Nepal and China sign various bilateral agreements

BEIJING: Nepal and China have signed various bilateral agreements in presence of Prime Minister KP Sharma Oli and Chinese Premier Li Qiang. PM Oli is presently on a four-day official visit to China, beginning Monday.

The signing of agreements followed a bilateral meeting between the premiers of both neighbors.

The documents signed and exchanged by the both sides are: Agreement on Economic and Technical Cooperation, Letter of Exchange on Tokha-Chhahare Tunnel, MoU on Trade Promotion Cooperation, Protocol on Requirements on Thermally Processed Buffalo Meat Products to be Exported from Nepal to China, MoU on Development Plan (2024-2029) and Letter of Exchange on Cash Assistance.

Similarly, additional agreements signed today include Handover Certificate of the Completion of the Reconstruction of Nine-storey Basantapur Tower, MoU on Volunteer Chinese Language Teachers, and MoU between Public Service Broadcasting Nepal Television and China Media Group, according to Foreign Ministry’s Spokesperson Krishna Prasad Dhakal.

Spokesperson Dhakal said that both sides on the occasion held discussions on expansion of connectivity, industrial and infrastructure development, cooperation in health, agriculture, trade, tourism, investment, science and technology, sports, disaster management, people-to-people relations between the two countries and enhancement of mutual cooperation in poverty alleviation.