Nepal signs BRI cooperation agreement with China

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BEIJING, 4 December 2024, (TON): Nepal and China on Wednesday signed the much-awaited Belt and Road Initiative (BRI) Cooperation Framework, an agreement which is expected to pave the way for the implementation of the BRI projects.

The agreement was inked during Prime Minister K P Sharma Oli's official visit to China - his first official visit to that country after assuming office for the fourth time.

Prime Minister Oli posted on X ", we signed the Framework for Belt & Roads Cooperation. As my official visit to China concludes, I am honoured to reflect on the bilateral talks with Premier Li Qiang, discussions with NPC Chairman Zhang Leji, and the highly fruitful meeting with President Xi Jinping."

Nepal signed onto the BRI in May 2017, but lack of progress on projects under it made Beijing think of ways to overcome the obstacles in Nepal—and this is how the idea of the ‘Framework agreement on BRI implementation become successfult.

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