4 hours Ago
Kathmandu, March 15: Speaker Devraj Ghimire has pointed out the need to further strengthen our cooperation with India for Nepal's sustainable development with a focus on an investment increase for promotion of mutual interests. In his address to the Kasthamandap Dialogue organised by the Foundation for Peace, Development and Socialism, here today, the Speaker stressed this. In the Dialogue centered on Belt and Road Initiate (BRI) and Nepal-China cooperation, the Speaker called for identifying new potential areas for Nepal-China cooperation and include them as projects under the BRI.
As a close neighbor and good friend of China, Nepal takes pride in China's remarkable progress and aims to benefit from its extraordinary development through a broader economic partnership, Ghimire remarked. "We highly appreciate China's support and cooperation in Nepal's developmental endeavors," he added, expressing hope for significant assistance from the northern neighbor as Nepal moves towards graduating from the category of Least Developed Country (LDC) to a middle-income country by 2026 and also for the sustainability of this status. Ghimire further highlighted that Nepal's historic relationship with China, based on mutual trust, understanding, and friendship, has been strengthened through the BRI.
"This initiative is not just about infrastructure for Nepal; it should be viewed as an opportunity for Nepal to explore new avenues for economic growth," he said. He also suggested that Nepal, leveraging its geographical position, has the potential to be developed into a 'transit hub.' To realize this, Ghimire stressed the need for enhancing bilateral collaboration on physical infrastructure, including roadways, railways, information technology, and trade relations.
Reflecting on the longstanding diplomatic ties between Nepal and China, which have flourished over the past seven decades, Ghimire affirmed that Nepal’s policies are guided by the five principles (Panchasheel) of peaceful coexistence. "We are always ready to take steps to deepen the cordial relations between our two nations," he added. He also reiterated Nepal’s commitment to the 'One China Policy' and described China as a reliable and significant development partner for Nepal.
Former Prime Minister and senior CPN (Unified Socialist) leader Jhalanath Khanal, who also spoke at the event, highlighted the BRI as a global development project that offers abundant opportunities for infrastructure development and expanding connectivity. "It is a boon for many countries around the world," he said, urging Nepal to ensure it capitalizes on the potential benefits. China’s Ambassador to Nepal, Chen Song, shared about China's achievements in infrastructure development, information technology, industrialization, innovation, and research.
He reiterated China’s strong support for Nepal’s developmental goals. During the Dialogue, business communities and academics from Nepal and China are scheduled to exchange views on the implementation of the BRI in Nepal, its opportunities, and challenges. (RSS).
