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China’s BRI will pave new opportunities for Nepal

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KATHMANDU — China’s Belt and Road Initiative (BRI) will pave the way for new opportunities for Nepal to realise its dream of development and economic prosperity, government officials and experts noted.

The comments came after a one-day seminar titled – ‘Strengthening cooperation to promote the construction of the Belt and Road’ was organised by Nepal China Chamber of Commerce and Industry (NCCCI) in Kathmandu on Monday.

“I believe Belt and Road Initiative is a much broader concept. We should have three tracks of approach, including the government one, business to business approach including private sector and knowledge-based approach to gain maximum benefits,” Shanker Das Bairagi, Secretary at Ministry of Foreign Affairs, said after inaugurating the event.

He stated that Nepal was a land-locked and a less developed country and needed the cooperation of its neighbours, especially China, to upgrade its status to a developing country.

On the other hand, Chinese officials acknowledged the same and pointed out the need of a concrete mechanism for implementation.

Chinese Ambassador to Nepal Yu Hong said that development of the BRI needed sincerity, political resolution and the vision of all parties.

“China is willing to work closely with Nepal to seize the historical chance to develop concrete cooperation under the framework of the Belt and Road Initiative and bring China-Nepal relations to a new height,” Yu said.

Likewise, Dr Rajesh Kazi Shrestha, President of Nepal China Chamber of Commerce and Industry, said, “We are eager to welcome investment under the Belt and Road Initiative in various possible sectors like hydropower, agriculture, trade-related infrastructure, tourism, herbs and herbal products, natural resources and service sectors.”

Around 100 experts from different countries, investors, traders and business community members attended the one-day seminar in Kathmandu.

Nepal and China had signed a Memorandum of Understanding on the BRI in May last year that aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of Silk Road.

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Govt to present its policies and programmes Monday

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KATHMANDU — The government is preparing to present its policies and programs for the fiscal year 2018/19 at the Federal Parliament on Monday.

According to Joint Spokesperson at the Federal Parliament Secretariat Keshav Aryal, all preparations are over for the release of the government policies and programs to be made by the President Bidya Devi Bhandari from New Baneshwor-based Federal Parliament Building at 4:00 pm Monday.

President Bhandari would unveil the government policies and programs for the first time in the joint meeting of the Federal Parliament after the promulgation of the new constitution.

As per the constitution, the President can address any of the House meeting or the joint meeting of the Federal Parliaments and summon the lawmakers for their presence.

Vice President, top leaders of different political parties, high-ranking government officials, chiefs of the constitutional bodies, chiefs of the security bodies and chiefs of the diplomatic missions in Nepal are invited for the program.

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