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Nepal, China agree to promote cooperation in all fields

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BEIJING — Both Nepali and Chinese sides have agreed to intensify implementation of the Memorandum of Understanding on Cooperation under the Belt and Road Initiative to enhance connectivity.

The initiative encompasses vital components such as ports, roads, railways, aviation and communications within the overarching framework of trans-Himalayan Multi-Dimensional Connectivity Network.

The two sides also agreed to take practical measures to promote cooperation in all fields contained in the MOU, reads the 14-point Nepal-China joint statement which was released after exchanging the letter of cooperation in course of six-day official visit of Nepal’s Prime Minister KP Sharma Oli to China.

The Nepali side conveyed its readiness to facilitate more Chinese investment in infrastructure building and in other productive sectors.

In this regard, the Nepali side expressed its willingness to welcome further investment from Chinese enterprises create a favourable investment climate and business environment for Chinese enterprises, reads the joint statement.

“Both Nepal and China expressed satisfaction over remarkable achievements made in various areas of cooperation since the establishment of diplomatic relations between the two countries in 1955, and believed that the bilateral relationship maintained the momentum of healthy development on the basis of the Five Principles of Peaceful Coexistence, which sets a model of harmonious coexistence between countries of different size and social system”.

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During the visit, Prime Minister Oli called on Xi Jinping, President of the People’s Republic of China, held official level talks with Premier Li Keqiang and met with Li Zhanshu, Chairman of the Standing Committee of the National People’s Congress of China.

Leaders of the two countries reached broad understanding through in-depth exchange of views on further cementing traditional friendship and deepening cooperation for mutual benefit, the statement notes.

On the occasion, the Chinese side congratulated Nepal and her people on the historic and epoch-making political transformation and beginning of a new era of political stability and economic development.

It expressed happiness over the successful holding of elections to three tiers of the federal setup and the formation of governments at all three levels.

It also expressed confidence that the government under the leadership of Prime Minister K P Sharma Oli would be able to realize the goal of “Samriddha Nepal, Sukhi Nepali” (‘Prosperous Nepal, Happy Nepali’) and achieve political stability, social harmony and economic prosperity for the people of Nepal.

The Chinese side expressed its full commitment to assist Nepal in realizing its development goals within its capacity.

The two sides reiterated their firm commitment to respect each other’s independence, sovereignty and territorial integrity, and respect and accommodate each other’s concerns and interests.

The Nepali side reiterated its firm commitment to the one-China policy with Tibet and Taiwan affairs as being China’s internal affairs, and the determination on not allowing any anti-China activities on its soil. The Chinese side reiterated its firm support to Nepal’s independent choice of its social system and development path, and the efforts made by Nepal in upholding its sovereignty, independence, territorial integrity, national unity and stability.

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Massive fire guts property worth millions in Itahari

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ITAHARI- Goods, raw materials and equipments worth over Rs 20 million were gutted when a fire broke out at the Laxmi Foam Industry at Khanar of Itahari Sub-metropolitan City-10 in Sunsari district this morning.

It is said the fire suddenly broke out from the warehouse area of the industry where the ready-made goods are stored. Police have speculated that the fire started at 4 am when the industry had already closed and there were no workers inside.

The industry is owned by Bhanu Tibadewala. According the Shankar Thakur, the manager at the industry, the raw materials of doormat and important machinery at the industry have also been damaged in the inferno.

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Nepal Army, the Armed Police Force and the Nepal Police personnel as well as the Itahari fire brigade made attempts to douse the fire after some time it started.

Fire trucks from Dharan, Inaruwa, Biratnagar, Duhabi and Sundarharaincha were immediately called into service thereby bringing the huge inferno under control and preventing further damage, said Shiva Kumar Shrestha, Deputy Superintendent of Police at the Area Police Office Itahari.

He said the cause of the fire is not yet ascertained and the extent of damage is being assessed.

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