Nepal | August 10, 2020

Platform established to support OBOR initiative

Himalayan News Service
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Officials of Nepal and China sign One Belt One Road intiative

Officials from Nepal and China show the signed cooperation agreements with the ‘One Belt One Road’ International Trade Platform, during a function held in Kathmandu, on Saturday, November 19, 2016. Photo: THT

Kathmandu, November 19

A platform has been established to support Chinese President Xi Jinping’s ‘One Belt One Road’ (OBOR) initiative through integration of chambers of commerce (private sector organisations) of the OBOR supporting countries. In this regard, a secretariat has been established in Nepal to work to intensify partnership with private sector in the country.

The ‘One Belt One Road’ International Trade Platform of CIC Mutual Trade and Investment Co Ltd, which has been established by chambers of commerce, associates and authoritative institutions of China in support of Liaowang Institution of One Belt One Road Research Centre, has formed a national committee under the chairmanship of former vice chairman of Federation of Nepalese Chambers of Commerce and Industry Bhaskar Raj Rajkarnikar in Nepal. It comprises Anil Joshi as vice chairman, and AG Sherpa and Prasiddh Bahadur Pandey as members.

The ‘One Belt One Road’ International Trade Platform of CIC Mutual Trade and Investment Co Ltd was established in August to conduct mutual cooperation among 64 countries linked with OBOR and is aiming to integrate suppliers and buyers in this platform.

During the event organised to announce establishment of secretariat in Kathmandu, Shu Ya, founder of the platform, said this initiative has shown Nepal’s solidarity and strong support for the OBOR initiative of the Chinese president.

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Similarly, Zong Chaohui, executive president of the OBOR International Trade Platform of CIC Mutual Trade and Investment Co Ltd, highlighted that Nepal is strategically important for China and the country will be able to reap benefits from this initiative by bringing in high quality manufacturers, capital, equipment, technologies and products from the northern neighbour.


A version of this article appears in print on November 20, 2016 of The Himalayan Times.


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