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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.

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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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UML’s Shahi announces resignation from all posts

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SURKHET — Dissatisfied with the appointement of Province 6’s ministers, Chandra Bahadur Shahi of CPN-UML has announced his resignation from all positions of the party including the parliament citing the process was unfair.

Shahi, who had been elected from Mugu (B) during provincial assembly elections, alleged that Province 6’s ministerial appointees were based on extortion and welcomed candidates with no political experiences for the position.

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Shahi has been actively involved with the party since the formation of CPN-UML in the district for 15 consecutive years.

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