Nepal and China signed a nine-point agreement during Prime Minister K.P. Sharma Oli’s official visit to Beijing on December 3, 2024. Discussions with President Xi Jinping focused on key areas like connectivity, industrial development, and trade. Several Memoranda of Understanding (MoUs) were signed, including agreements on infrastructure development and trade promotion.

On December 3, 2024, during Prime Minister K.P. Sharma Oli’s official visit to Beijing, Nepal and China signed a comprehensive nine-point agreement. The discussions between Prime Minister Oli and President Xi Jinping highlighted key areas such as connectivity, industrial and infrastructural development, trade, tourism, and agricultural cooperation. Prior to meeting the President, Prime Minister Oli conducted a bilateral meeting with Chinese Premier Li Qiang to bolster relations between the two nations.

The agreements signed during this pivotal visit encompass various Memoranda of Understanding (MoUs) and letters of exchange. Notable agreements include plans for the Tokha-Chhahari tunnel road construction near Kathmandu, a framework for promoting trade between China and Nepal, and the completion of renovations at the historic nine-storey palace in Basantapur, Kathmandu. Additionally, MoUs aimed at facilitating the export of thermally processed buffalo meat to China, economic and technical collaborations, and Chinese language education programs were also formalized.

The significance of this visit is underscored by Nepal’s prior acceptance of $20 million worth of grant assistance from China, announced on December 1, 2024. This gesture further solidified the cooperation between the two countries. Prime Minister Oli’s four-day visit, concluding on December 5, holds substantial implications for enhancing bilateral relations and economic partnerships between Nepal and China.

The recent agreement between Nepal and China represents a significant step in strengthening diplomatic and economic ties between the two nations. Nepal’s Prime Minister K.P. Sharma Oli’s visit to Beijing marked his first official engagement in China since taking office for the fourth time, illustrating the growing importance of such bilateral relations. The nine-point agreement covers multiple sectors essential for national development, reflecting a mutual interest in fostering economic partnerships and infrastructural progress.

The signing of the nine-point agreement between Nepal and China signifies a noteworthy advancement in their diplomatic relations, focusing on critical sectors such as infrastructure, trade, and tourism. This visit not only enhances economic collaboration but also cements Nepal’s commitment to fostering regional ties with its larger neighbor. The agreements reached during Prime Minister Oli’s discussions are poised to yield substantial developmental benefits for Nepal and reinforce its strategic partnership with China.

Original Source: www.thehindu.com

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