AMN
Nepal has signed a Memorandum of Understanding with China on Cooperation under One Belt and One Road, OBOR initiative. Foreign Secretary of Nepal Shanker Das Bairagi and Ambassador of China to Nepal Yu Hong singed the MoU at Kathmandu yesterday.
The MoU seeks to strengthen cooperation in connectivity sectors including transit transport, logistic systems, transport network and related infrastructures development such as railway, road, civil aviation, power grid, information and communication.
The major thrust of the MoU is to promote mutually beneficial cooperation between Nepal and China in various fields including economy, environment, technology and culture. Similarly, the MoU also aims to promote people-to-people exchanges of different levels between the two countries.