Nepal | June 03, 2020

Nepal signs transit treaty with China

THT Online
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Prime Minister KP Sharma Oli signs transit treaty with Chinese Premier Li Keqiang at the Great Hall of the People

Prime Minister KP Sharma Oli with Chinese Premier Li Keqiang at the Great Hall of the People Monday, March 21, 2016 in Beijing, China. (Lintao Zhang/Pool Photo via AP)

KATHMANDU:  Nepal signed various important agreements including transit treaty with China on Sunday.

The agreement was signed following a meeting held between Prime Minister KP Shama Oli and his Chinese counterpart Li Keqiang at the Great Hall of the People , PM’s Foreign Affairs Adviser Gopal Khanal informed.

During the talks, the two Prime Ministers made a comprehensive review of bilateral relations and expressed satisfaction over steadily growing relations between the two countries, according to a statement issued by the Ministry of Foreign Affairs today.

The two sides exchanged substantive views on further strengthening and consolidating mutual trust and understanding as well as promoting mutually beneficial cooperation in various fields.

Trade diversification, cross border connectivity and infrastructure development, cooperation on energy, tourism, finance, education and culture were among the matters that figured prominently during the talks.

The agreements signed between Nepal and China are as follows:

1. Agreement on Transit Transport between the Government of the People’s Republic of China and the Government of Nepal–Hon. Mr. Kamal Thapa, Deputy Prime Minister and Minister for Foreign Affairs, Nepal

2. Agreement between the Government of the People’s Republic of China and the Government of Nepal on the Construction, Management and Maintenance of the Xiarwa Boundary River Bridge, (Hilsa) Humla-Hon. Mr. Kamal Thapa, Deputy Prime Minister and Minister for Foreign Affairs of Nepal

3. Agreement on Economic and Technical Cooperation between the Government of the People’s Republic of China and the Government of Nepal to implement Pokhara Regional International Airport Project- Hon. Mr. Bishnu Prasad Paudel, Minister for Finance, Nepal

4. Framework Agreement on the provision of Mixed Loan between the Government of the People’s Republic of China and the Government of Nepal to implement Pokhara Regional International Airport Project- Hon. Mr. Bishnu Prasad Paudel, Minister for Finance, Nepal

5. Letters of Exchange on Project Initiation for the Feasibility Study on Chinese Assistance to Nepal for Exploration of Oil and Gas Resources-Hon. Mr. Bishnu Prasad Paudel, Minister for Finance, Nepal

6. Memorandum of Understanding between the Ministry of Population and Environment of Nepal and National Development and Reform Commission of the People’s Republic of China concerning the provision of goods for addressing climate change-Hon. Mr. Bishnu Prasad Paudel, Minister for Finance, Nepal

7. Memorandum of Understanding between the Ministry of Industry of Nepal and State Administration for Industry and Commerce of the People’s Republic of China to strengthen intellectual property system-Hon. Mr. Bishnu Prasad Paudel, Minister for Finance

8. Memorandum of Understanding between the Ministry of Commerce of the People’s Republic of China and the Ministry of Commerce of Nepal on Launching the Joint Feasibility Study of China-Nepal Free Trade Agreement- Hon. Mr. Deepak Bohara Minister for Commerce, Nepal

9. Memorandum of Understanding between China Banking Regulatory Commission and Nepal Rastra Bank- Dr. Chiranjibi Nepal, Governor of Nepal Rastra Bank

10.  Concessional Loan Agreement on Pokhara Regional International Airport-Mr. Baikunta Aryal, Joint Secretary, Ministry of Finance


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