Chinese investors urged to spur investment in Nepal
KATHMANDU: Vice-President Nanda Bahadur Pun, who is on an official visit to China paid a courtesy call on Chinese Vice-Premier Hu Chunhua, on Wednesday evening.
During the meeting, Vice-President Pun said the relation between Nepal and China had reached a great height, and the two nations were inseparable, noting that the bond was deepening to people's level.
Nepal-China has been enjoying various kinds of bonding, including a cultural one, since the establishment of diplomatic ties between the two countries, Pun said.
He further noted that signing of the Trade and Transit Agreement and China's 'Belt and Road Initiative' during Nepali Prime Minister's visit to China held special importance to Nepal.
The Vice-President also called for expediting the signing of the agreement allowing Nepal to use Chinese port, arguing it would end Nepal's status as a land-locked country.
Nepal is always committed to One China Policy, he said, pledging that Nepal would not allow its land to promote any anti-China activities.
He went on to say that China could expand its physical linkage to other South Asian countries through India if Lhasa-Kathmandu-Lumbini railway was constructed. He also stressed the need to resume operation of the disrupted Tatopani checkpoint, upgrade Kerung checkpoint and open Olangchungola transit point.
In the meeting, he shared that the Nepal government has focused its attention towards achieving economic prosperity after the formation of a stable government with successful conduction of three tiers of elections as per the new Constitution.
He also underlined the need of massive support from the Chinese side for Nepal to achieve its prosperity targets. Saying that Nepal has enabled an environment conducive to foreign investment, he asked the Chinese investors to flow additional investment in Nepal. It would be easier for the investors to make investment in the areas of hydropower, agriculture, tourism, herbal medicines, and physical infrastructure development, Vice-President's press coordinator Manoj Ghartimagar quoted him as saying.
Also on the occasion, Chinese Vice-Premier said China is Nepal's close partner and is moving ahead with 'Belt and Road Initiative' programme to bring the Nepal-China relations to a new height. He also thanked Nepal for its unswerving support to One China Policy and commitment to curb free Tibet activities.
The Chinese Vice-Premier said that China would welcome Nepal's every step in bringing about changes in the living standards of Nepali people and help materialise its campaign for 'Prosperous Nepal, Happy Nepali'.
Vice-President Pun reached Chengdu to attend the 17th West China International Fair on Wednesday. He is scheduled to address the fair inaugural ceremony on Thursday.