Skip to main content

Belt and Road Initiative can open door of development for Nepal: experts

http://www.xinhuanet.com/english/2018-02/12/c_136970232.htm


Source: Xinhua| 2018-02-12 19:45:19|Editor: Xiang Bo

 

Shanker Das Bairagi (R), Secretary at Ministry of Foreign Affairs, and Chinese Ambassador to Nepal Yu Hong inaugurate a seminar entitled "Strengthening cooperation to promote the construction of the Belt and Road" in Kathmandu, Nepal, Feb. 12, 2018. The China-proposed Belt and Road Initiative has paved the way for new opportunities for Nepal to realize its dream of development and economic prosperity, government officials and experts said here on Monday. (Xinhua/Sunil Sharma)

KATHMANDU, Feb. 12 (Xinhua) -- The China-proposed Belt and Road Initiative has paved the way for new opportunities for Nepal to realize its dream of development and economic prosperity, government officials and experts said here on Monday.

They made such remarks during a one-day seminar entitled "Strengthening cooperation to promote the construction of the Belt and Road" organized by Nepal China Chamber of Commerce and Industry (NCCCI) in Kathmandu.

Stating that the Belt and Road Initiative will bring opportunities in multiple fields including trade, connectivity, physical infrastructure development, tourism and investment, they pointed out the need of concrete mechanism for implementation.

"We have chalked out strategies and plans to implement the initiative but 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.

Stressing that Nepal is a land-locked and least development country, the foreign secretary said that it needs the cooperation of neighbors, especially China, to upgrade its status to a developing country.

Nepal and China had signed a Memorandum of Understanding on Belt and Road Initiative on May 2017 in Kathmandu. Introduced by China in 2013, the Belt and Road Initiative aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes of Silk Road.

Addressing the function, Chinese Ambassador to Nepal Yu Hong said that development of the Belt and Road Initiative needs sincerity and 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.

On the occasion, she pointed out various points to enhance the cooperation, namely strengthening policy coordination and consolidate mutual trust, expanding connectivity and sharing experience for economic development, promoting the unimpeded trade, deepening the financial integration and constructing the road for innovation, strengthening the people-to-people bond for mutual learning.

Experts were of view that there is a need of sincerity and political commitment for the implementation of the initiative from the Nepali side.

They pointed out that Nepal's government should focus on some basic pre-requisites like connectivity, infrastructure development, reforms in laws, and policy amendments among others.

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."

Nearly 100 experts from different countries, investors, traders and business community members attended the one-day seminar

Comments

Popular posts from this blog

Balochistan to establish first medical university

https://www.dawn.com/news/1366135

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

5 Shia Hazara community members gunned down in Pakistan

http://m.hindustantimes.com/world-news/5-shia-hazara-community-members-gunned-down-in-pakistan/story-CHWR4lYByRHzf2KjHjMloI.html



Five members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.This is not the first time that members of the Hazara community have been targeted in Quetta and other parts of Balochistan.(Reuters File Photo)Updated: Sep 11, 2017 00:20 ISTBy Press Trust of India, Press Trust of India, KarachiFive members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.The gunmen targeted a car in Kuchluck area of Quetta while it was coming from the Chaman border crossing area, police said.The firing took place when the travellers had stopped at a filling station to refuel their vehicle. Five people of the Shia Hazara community, including two women, died in …

China’s 'Digital Silk Road': Pitfalls Among High Hopes

https://thediplomat.com/2017/11/chinas-digital-silk-road-pitfalls-among-high-hopes/


Will information and communication technologies help China realize its Digital Silk Road?By Wenyuan WuNovember 03, 2017In his speech at the opening ceremony of China’s 19th Party Congress, President Xi Jinping depicted China as a model of scientific and harmonious development for developing nations. Xi’s China wants to engage the world through commerce but also through environmental protection and technological advancement. This includes Beijing’s efforts to fight climate change with information and communication technologies (ICTs) that it plans to export along its “One Belt One Road” initiative (OBOR). Xi may have ambitious plans, but could China be throwing up obstacles in its own way?In his speech, the Chinese president emphasized the need to modernize the country’s environmental protections. The Chinese state is taking an “ecological civilization” approach to development and diplomacy, with a natio…