December 2016 Current Affairs

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Nepal inks treaty with China, to have first rail link

Nepal inks treaty with China, to have first rail link
22 March 2016 Current Affairs: China on March 21,2016, agreed to Nepal Prime Minister K P Oli’s request to build a strategic railway link between the two countries through Tibet to reduce land-locked Nepal’s total dependence on India, as the two sides cemented their ties by signing 10 agreements including a landmark transit trade deal.Oli, who arrived here on Sunday on his maiden seven-day visit to China, was given a red carpet welcome by Premier Li Keqiang at the Great Hall of the People. He also called on Chinese President Xi Jinping. Oli’s high-profile visit comes as Nepal seeks to open more supply routes from China amid fears of a repeat of recent nearly six-month long crippling blockade when the Indian- origin Madhesis blocked Nepal’s trade-routes with India, throwing normal life out of gear. During the talks, the two Prime Ministers made a comprehensive review of bilateral relations and expressed satisfaction over steadily growing relations between the two countries.“The two sides exchanged substantive views on further strengthening and consolidating mutual trust and understanding as well as promoting mutually beneficial cooperation in various fields,” according to a press release issued by Nepalese Foreign Ministry.Trade diversification, cross border connectivity and infrastructure development, cooperation on energy, tourism, finance, education and culture were among the matters that figured prominently during the talks, it said.During his talks with Li, Oli mooted extension of China’s strategic railway link with Tibet further to Nepal.Briefing the media after Li-Oli talks, Hou Yanqi, deputy head of the Chinese Foreign Ministry, said: “Nepal Prime Minister wanted to explore two rail lines.” Hou said the government would encourage Chinese firms to look at the internal rail plan and that China was already planning to extend the railway from the Tibetan city of Shigatse to Gyirong on the Nepal border.The two countries sealed 10 agreements including the much- publicised transit trade treaty which will end Nepal’s total dependency on Indian sea ports for third-country trade. The other agreements included a feasibility study on the establishment of a Free Trade Agreement (FTA), China’s assistance to build a new airport and a border bridge over the Simikot-Hilsa road section that will connect Humla district with Tibet.The other agreements included a treaty on economic and technical cooperation to build a Regional International Airport Project at Pokhara, Nepal’s famous tourist site. China and Nepal also decided to initiate a feasibility study on Chinese assistance to Nepal for exploration of oil and gas resources.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
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