Nepal and China signed agreement on BRI.
Beijing/Kathmandu: Ever since KP Sharma Oli became the Prime Minister of Nepal, the government there has been continuously promoting anti-India activities. In the latest case, Nepal and China have completed the much-awaited Belt and Road Initiative (BRI) cooperation draft. Both countries signed the BRI agreement on Wednesday. This agreement is expected to pave the way for the implementation of BRI projects. At the same time, this BRI agreement between China and Nepal is a big blow to India strategically. India has always been an opponent of China’s BRI project.
This agreement was signed during the official visit of Nepalese Prime Minister K.P. Sharma Oli to China. After assuming the post of Prime Minister for the fourth time, Oli arrived on an official visit to China for the first time. Prime Minister Oli said in a post on the social media platform ‘X’, “Today we signed the draft agreement on Belt and Road cooperation.” As my official visit to China concludes, I am honored to have bilateral talks with Prime Minister Li Keqiang, discussions with NPC Chairman Zhang Leji and an extremely fruitful meeting with President Xi Jinping.” He said the Belt and Nepal-China economic cooperation will be further strengthened under the road cooperation draft agreement.
China invested the grant
According to the Prime Minister’s Secretariat, Foreign Secretary Amrit Bahadur Rai and Liu Sushe of China’s National Development and Reform Commission signed the BRI draft agreement. According to the Kathmandu Post newspaper, in the agreement, the Chinese side removed the word “grant” proposed by the Nepali side and suggested replacing it with the word “investment” for projects under the BRI. After reviewing the new terms and conditions, officials found a solution and decided to include the phrase “assistance and technical assistance” with respect to project execution in Nepal, according to the newspaper. (Language)
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