Nepal to intensify cooperation with China under Belt and Road Initiative

Updated 2017-05-09 10:02:09 Xinhua

Nepal will intensify its cooperation with China within the framework of the China-proposed Belt and Road Initiative, officials said on Monday.

Proposed in 2013, the Belt and Road Initiative refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, aiming at building a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of Silk Road.

The Nepalese government decided at a Cabinet meeting on Monday to sign a Memorandum of Understanding (MoU) with China to ensure the country's participation in the initiative, Commerce Minister Romi Gauchan Thakali told Xinhua.

Nepal's decision to join the Belt and Road Initiative came following rounds of negotiations for months between the two countries on jointly promoting the initiative, officials said.

"We believe that Nepal's participation in the Belt and Road Initiative will create a win-win situation for both countries in the fields of cross-border road, air and railway connectivity, investment, trade, business, commerce as well as establishing cross-border economic zones," a senior official at the Nepal's Ministry of Foreign Affairs told Xinhua on Monday.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58September 21 2017 14:57:31

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16September 21 2017 14:57:31

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18September 21 2017 14:57:31

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords