Nepal to sign pact with China on One Belt, One Road initiative

[tw00tw00]

http://www.hindustantimes.com/world...-initiative/story-7rH0yxrvh2Hi6zSmoYYWHI.html

Nepal to sign pact with China on One Belt, One Road initiative
Nepal has decided to become part of China’s ambitious Belt and Road Initiative and will sign a framework agreement on the One Belt, One Road (OBOR) programme this week, reflecting Beijing’s increasing clout in Kathmandu.

A cabinet meeting on Monday decided to sign the framework agreement on OBOR ahead of the Belt and Road Forum to be held in Beijing during May 14-15.

“Nepal has decided to sign an agreement on OBOR that will link Nepal to India and Europe,” information and communication minister Surendra Karki said after the meeting of the cabinet chaired by Prime Minister Pushpa Kamal Dahal “Prachanda”.

A delegation led by deputy prime minister Krishna Bahadur Mahara, who also holds the finance portfolio, will participate in the Belt and Road Forum in China. He will be accompanied by two more ministers and senior officials.

Ahead of the conference, foreign secretary Shankar Das Bairagi and the Chinese ambassador to Nepal, Yu Hong, will sign the framework agreement on OBOR in the presence of foreign minister Prakash Sharan Mahat this week.

During the conference in Beijing, the Nepalese delegation will sign a separate memorandum of understanding on OBOR.

During his recent visit to China, Prachanda had assured the Chinese leadership that Nepal will become part of the Belt and Road Initiative ahead of the conference in Beijing. Following this, Nepalese and Chinese officials held negotiations on issues such as free trade, currency arrangement, financial institutions and investment.

After the framework agreement is inked, Nepal will negotiate with China on various intricacies of OBOR, including connectivity, trade regime and investment.

A signature initiative of President Xi Jinping, OBOR aims to enhance connectivity and cooperation between China and the rest of Asia and Europe through land and maritime routes. Beijing had sent a draft proposal on OBOR to Nepal late last year. After a month-long consultation, Nepal sent back a revised version of the draft to China.

 

[Aasimkhan]

I hope India will not try to benefit from this indirectly?

 

[JOEY TRIBIANI]

india even failed to convinced 2nd hindu majority country & its old ally .

 

[Tom M]

india even failed to convinced 2nd hindu majority country & its old ally .

Well, how does India come in this picture my friend ??

I hope India will not try to benefit from this indirectly?

What benefit exactly ?? Can you please elaborate ??

 

[JOEY TRIBIANI]

Well, how does India come in this picture my friend ??

You are very much in this picture you have "serious territorial concerns" (a/c to you) about OBOR . hence you failed to convince the 2nd hindu majority country with whome you have open borders .

 

[Tom M]

You are very much in this picture you have "serious territorial concerns" (a/c to you) about OBOR . hence you failed to convince the 2nd hindu majority country with whome you have open borders .

FYI, we have territorial concerns regarding a part of OBOR/CPEC passing to a territory which we claim in full. But how does India comes in a picture which involves Nepal and China ?? LOL

 

[JOEY TRIBIANI]

FYI, we have territorial concerns regarding a part of OBOR/CPEC passing to a territory which we claim in full. But how does India comes in a picture which involves Nepal and China ?? LOL

Nepal being a part of OBOR indirectly means they dont give a damn about indian concerns .
You know it well .you can keep playing dumb .

 

[tw00tw00]

https://sputniknews.com/business/201705091053417244-nepal-chinainitiative/

Nepal Decides to Join China's One Belt, One Road Initiative

NEW DELHI (Sputnik) — Nepal will also send a high-level delegation led by Deputy Prime Minister Krishna Bahadur Mahara to China to attend the One Belt, One Road Conference which will be held on May 14 and 15 in Beijing.

The Nepalese government has proposed Kerung-Kathmandu-Pokhara-Lumbini railway to be part of the OBOR project.

"The government of Nepal is of the view that the OBOR is a very good initiative that will help the region to boost economic and technical cooperation. As the connectivity and trade were Nepal's priority, it could benefit a lot from this initiative," Nepal's Deputy Prime Minister Krishna Bahadur Mahar said.

The OBOR project is an ambitious connectivity project of Chinese President Xi Jinping. The connectivity project envisages connecting more than 65 countries and some 40 countries have already signed the MoU with China.

"Nepal has decided to sign the One Belt One Road project as they think that it will spur economic development in the country. Nepal is presently in a tight economic situation and badly needs economic support. But from the Indian point of view, Nepal joining the One Belt One Road project will definitely be a setback. India is vehemently opposing China-Pakistan Economic Corridor which is a part of OBOR. India thinks that through OBOR, China will considerably increase its sphere of influence in neighboring Nepal, which will pose problems for India in the long run," Savita Pandey, Professor of South Asian Studies at the Jawaharlal Nehru University, told Sputnik.

 

[Tom M]

Nepal being a part of OBOR indirectly means they dont give a damn about indian concerns .
You know it well .you can keep playing dumb .

Great logic dude, but tell me one thing even after making clear the concern regarding our sovereignty in OBOR/CPEC, even after having their own reservations related to Arunachal Pradesh / South Tibet / Tawang China and India are moving forward and doing good business as usual and even growing.

Then what makes you think Nepal or any other country in that case will refrain from joining the initiative if they think it as beneficial for them ?? Moreover why should they be more concerned on anything than we are ?? LOL

 

[tw00tw00]

Nepal being a part of OBOR indirectly means they dont give a damn about indian concerns .
You know it well .you can keep playing dumb .

Come now, let's be gentle with the Indians.

 

[Aasimkhan]

Come now, let's be gentle with the Indians.

India in a fix, on one side is EGO on the other is Desire to do trade. Ha ha. lets see what prevails.

 

[Chhatrapati]

India in a fix, on one side is EGO on the other is Desire to do trade. Ha ha. lets see what prevails.

We are still doing trade without OBOR. We are just enjoying the show. China has a production overcapacity and the free trades that comes with OBOR makes the show interesting.

Not to mention the circular debt trap. Just like Kyrgistan who owes 1/3 of it's debt to Exim bank of China.

 

[[Bregs]]

all the best to Nepal and China

 

[Super Falcon]

Good big nail on Indian dominance over Nepal govt been put

 

[RIP Pak LAW]

LOL China is isolating India in the region with her one belt one road initiative.