CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

China’s support for Nepal’s journey to prosperity

CEO Tab by CEO Tab
March 24, 2022
in Prime News
0
Nepal becomes a part of the BRI Literary Network
75
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

The official visit of Chinese State Councilor and Foreign Minister Wang Yi this weekend is not only expected to take the centuries-old people-to-people relations between the two countries to new heights but also ensure that problem-free Nepal-China relations become reliable partnership in Nepal’s journey to prosperity.

You might also like

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

The visit, which is taking place after a hiatus of three years by a veteran diplomat is expected to be productive in further strengthening cooperation and partnership between Nepal and China on issues of common concern and mutual interest.

Foreign Minister Wang is a senior diplomat and an old friend of Nepal, who is aware of the development aspirations of Nepal and Nepalis. His visit is expected to be fruitful in taking the cooperative relations between the two countries to a new height.

After Prime Minister Sher Bahadur Deuba assumed the leadership of the government in July last year, Foreign Minister Wang is the first highest foreign dignitary visiting Nepal. It will be a golden opportunity to promote Nepal’s national interest and expand the scope of cooperation along with the journey to prosperity.

The government has made Nepal’s national interest and development needs along with the journey to prosperity and priorities as its agenda to increase partnership and cooperation with China, the world’s emerging power, during his stay here.

A Foreign Ministry official said that Nepal would hold in-depth discussions with a delegation led by Foreign Minister Wang focusing on the implementation of cooperation projects under the Belt and Road Initiative (BRI), a multi-billion dollar infrastructure development project put forward by China.

The two sides will dwell on upgrading Nepal from a least developed country to a middle-income country by 2030 and build physical infrastructures such as ports, roads, railways, air transport and communications within the Trans-Himalayan Multidimensional Connectivity Network to support Nepal’s development agenda of achieving sustainable development goals.

He said that the Chinese Foreign Minister was visiting Nepal to convey the message of China’s commitment to implement the BRI and its Framework Agreement that could not move forward for the past five years owing to the pandemic. China has already proposed the project implementation plan of BRI with Nepal for final approval and the Government of Nepal is ready to finalize it during this visit.

During the talks between the Foreign Ministers of Nepal and China on Saturday, the Nepali side is all set to request for joint inspection of the border, which has been stalled for more than a decade, reopening of Rasuwagadhi and Tatopani, major trade ports between Nepal and China, resumption of flights and addressing the problems faced by the Nepali students who were back home to escape the pandemic, the official shared.

The Foreign Ministry official also shared that Nepal would raise issues including the implementation of the agreements reached during the visit of Chinese President Xi Jinping to Nepal and the visit of former Prime Minister KP Sharma Oli to China. Discussions are underway between various ministries of the Government of Nepal to finalize the agenda of the meeting between the Chinese and Nepali Foreign Minister on Saturday.

During the visit of the Chinese Foreign Minister, an agreement will be signed to export grass from Nepal and Nepal will receive additional Chinese grants under technical and economic assistance.

“Discussions between senior officials of the Ministry of Foreign Affairs and the Ministry of Finance on the annual assistance to Nepal under the grant and technical and financial assistance is in the process of finalization”, an official at the Ministry of Finance said. The official also said that China has hinted to increase its annual aid this year.

Such visits from time to time will help in understanding each other and addressing the grievances as well as renewing the relationship. The age-old Nepal-China friendship that has been nurtured by Araniko and Bhrikuti has been flourishing since the establishment of diplomatic relations between the two countries in 1955.

The tradition of friendly cooperation and high-level visits have further enhanced our bond of affinity for the mutual benefit of the two countries.

Share30Tweet19
CEO Tab

CEO Tab

Recommended For You

Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

by CEO Tab
October 15, 2026
0
Inflation Surges to 6.34% as Remittances and Foreign Reserves Rise

Nepal Rastra Bank’s report for the first two months of fiscal year 2026/27 shows rising inflation alongside improvements in remittance inflows, foreign trade, the current account and foreign...

Read more

NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

by CEO Tab
October 15, 2026
0
NEPSE Rises for Sixth Consecutive Day, Closes at 2,625.93

The Nepal Stock Exchange (NEPSE) gained 4.67 points on Thursday to close at 2,625.93, extending its rally to six consecutive trading days. Daily turnover rose slightly to Rs...

Read more

Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

by CEO Tab
October 15, 2026
0
Share-Backed Loans Surge to Rs 167.85 Billion in Nepal

Banks and financial institutions (BFIs) have increased lending against shares as collateral, with outstanding loans reaching Rs 167.85 billion by mid-September 2026, according to Nepal Rastra Bank (NRB)....

Read more

NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

by CEO Tab
October 15, 2026
0
NTA Fines 14 Internet Service Providers Rs 50,000 Each for Violations

The Nepal Telecommunications Authority (NTA) has fined 14 internet service providers Rs 50,000 each for violating approved service packages, overcharging customers and failing to inform users about changes...

Read more

NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

by CEO Tab
October 14, 2026
0
NEPSE Rises 21.32 Points as Daily Turnover Falls to Rs 4.13 Billion

The Nepal Stock Exchange (NEPSE) rose by 21.32 points to close at 2,621.26 on Wednesday, while daily turnover declined to Rs 4.13 billion from Rs 4.73 billion on...

Read more
Next Post
Korean support worth over Rs 800 million for cyber bureau

Nepali workers in Korea to get visa extended for a year

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.