Prime Minister KP Sharma Oli arrived back in Nepal on 27 March after making a successful, week-long official visit to China. The visit comes on the heels of the 60th anniversary of the establishment of diplomatic relations between the two countries.
The visit of PM Oli has been praised successful and fruitful in terms of promoting friendly relationship with China and taking the bilateral ties between the two nations to a ‘new height’.
PM Oli held official meeting with Chinese President Xi Jinping, Premier Li and Vice President Li Yencho and addressed ‘Boao Forum for Asia Annual Conference 2016’ held in Boao, Hainan Province from March 22 to 25.
During Oli's visit, Nepal and China inked 10 different agreements in the Great Hall of the People covering a wide range of cooperation areas including installing solar grids at 32 thousand houses, Chinese grant and soft loan for developing reservoir-type Budhi Gandaki (12,00MW), Kimathanka-Arun (400 MW) and Sunkoshi Third (585MW) hydropower projects, the loan agreement for construction of the Pokhara Regional Airport, assistance for the construction of at least three petroleum depots in Pachkhal (Kavre), Battar (Nuwakot) and Khairani (Tanahun), the agreement on exploration of gas and petroleum in Nepal, upgradation and expansion of Kodari Highway, Kathmandu-Kerung highway and Hilsa, feasibility study of Kathmandu-Pokhara rail service among others.
One of the historic agreements reached between the two nations was the signing of Transit and Transport Treaty that is poised to facilitate Nepal’s international trade and decrease its heavy reliance upon India for sea trade. This holds of great significance for a landlocked country like Nepal in order to leverage its access to international trade and market.
The PM’s visit of China immediately follows the successful visit of India. Both visits have improved and strengthened Nepal’s relation with India and China. The visits have also been fruitful in the promotion of tourism and increase in the arrival of Chinese and Indian tourists to Nepal in the long term.