PM Oli visits china on private airlines – Power News

भिडियो हेर्न तलको बक्स भित्र क्लिक गर्नुहोस

Nepal and China today sealed 10 separate agreements and Memorandums of Understanding on using northern neighbour’s sea port facility, building a regional international airport in Pokhara and exploring the possibilities of signing a bilateral free trade agreement and finding oil and gas reserves in Nepal.All these deals were signed in the presence of Prime Minister KP Sharma Oli and Chinese Premier Li Keqiang in Beijing.

An agreement on transit transport signed between Deputy Prime Minister and Foreign Minister Kamal Thapa and Chinese Foreign Minister Wang Yi will provide Nepal access to Chinese sea port for third-country trade.

Nepal is using port located in Kolkata to export and import merchandise goods to and from third countries.

But to gain advantage from this agreement, which will be automatically reviewed every 10 years, Nepal first needs to find a Chinese port that is viable for third-country trade.

“For this, Nepal has to exchange a protocol with China, which will define the procedures that need to be followed,” said Commerce Joint Secretary Ravi Shankar Sainju.

It is also said Nepal may not be able to reap maximum benefit from the latest deal unless China’s railway link is extended to Nepal’s border point.

This is because ferrying goods via road through Tibet may not always be cost-effective and convenient.

भिडियो हेर्न तलको बक्स भित्र क्लिक गर्नुहोस

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