Connect with us

Nepal, China agree to trade fuel on long term basis

Gorkha Post

Published

on

KATHMANDU — Nepal and China on Friday agreed to have a long term trade petroleum products, including cooking gas, petrol and diesel, and enhance trans-Himalayan network to help two-sided trade.

An accord to this effect was reached during a meeting between Deputy Prime Minister and Minister for Foreign Affairs Kamal Thapa and his Chinese Foreign Minister Wang Yi in Beijing on Friday. DPM and Foreign Minister Thapa is on a week long visit (Dec 24-29) to China.

The two sides sealed an eight-point deal during a bilateral meeting of Deputy PM and Foreign Minister Kamal Thapa and his Chinese counterpart Wang Yi in Beijing on Friday afternoon.

After Nepal proposed to import fuel from the northern neighbor, Chinese side expressed its readiness to jointly examine pricing, transportation and logistics for the same.

“China has advised the respective companies of the two countries to jointly examine the matters relating to price, transportation and other logistics,” the Ministry of Foreign Affairs said in a statement.

The statement stated that China has expressed its willingness to seriously examine Nepal’s proposals for the import of petroleum products from China and has advised the respective companies of the two countries to jointly examine the matters relating to price, transportation and other logistics.

Earlier in the day, Finance Secretary Lok Darshan Regmi and Zhang Xiangchen, Vice Minister of Commerce of China, signed the Agreement on Economic and Technical Cooperation.

Chinese Foreign Minister Wang told reporters that Beijing was assessing how it could support Nepal in addressing its energy needs.

He said China had a strong desire to see a peaceful, stable and prosperous Nepal and assured Thapa of support for Nepal’s development endeavors.
According to MoFA, the two countries also agreed to upgrade and make operational existing border points and develop other crossing points to promote connectivity.

China would make available 900 million RMB (approx Rs 14.75 billion) as grant assistance for the implementation of the projects of repair and maintenance of Araniko Highway and other projects of interconnection and interworking. This assistance was announced by the Chinese President during his meeting with his Nepalese counterpart in March 2015 in Boao, Hainan.

During the bilateral meeting, Chinese side invited Prime Minister KP Sharma Oli to visit China at an early date and expressed likelihood of a high-level visit from China to Nepal in 2016.

Continue Reading

Nation

Drinking water shortage hits life at Yasok in Panchthar

RSS

Published

on

By

PACHTHAR — A shortage of drinking water at Yasok Bazar, the center of Kummayak Rural Municipality, has thrown the normal life of the locals out of gear.

The problem arose after the local market management committee removed water pipes installed in the bazaar area. Per household here was getting 50 liters of drinking water once in two days before this.

Water scarcity here is not a new occurrence at Yasok which normally remains dry, but the complete disruption in the supply of taps water has paralysed the life, according to local hotelier Keshab Thapa.

There is no natural or artificial water source nearby the area and locals are forced to dependent on the supply by the local government through tractors in a very limited quantity.

The rural municipality has started fetching water from the local Chhorunga stream and distributing it to the locals. Tractors are used to transport stream water to the area.

Earlier, the 650 households at Yasok were using drinking water supplied by the Yasok Deurali Drinking Water Project. Regular supply (once in two days) was too less to meet demand. There is a demand for some 250,000 liters of water at Yasok per day.

According to Yasok Market Management Consumers Committee secretary Mahendra Bahadur Khadka, water pipes were removed (without any alternative arrangements) in course of market management efforts and it will take some more days to restore them and water scarcity is to go for more few days

Continue Reading

TOP PICKS