Nepal signs 12 point MoU with the Northern neighbor

Nepal and China agree to enhance digital economy

A 12-point memorandum of understanding (MoU) has been signed between Nepal and China in Beijing during Prime Minister Pushpa Kamal Dahal Prachanda’s visit to China.

Prime Minister Prachanda and his Chinese counterpart Li Qiang held delegation level bilateral meeting in Beijing on Monday. “During the talks the two Prime Ministers comprehensively reviewed the state of close and cordial relations subsisting between the two countries,” reads a press release issued after the meeting. “The two sides exchanged views on the ways to further strengthen and consolidate the mutual understanding and cooperation and give a new impetus in the front of economy, trade and people to people contacts.”

During the meeting the officials of the two sides signed 10 Memorandum of Understandings and exchanged two letters in the presence of Prime Ministers from Nepal and China.

These agreements and MoUs are related to various sectors including agriculture, communication, science and technology, and trade.

The two sides exchanged agreements related to increasing productivity in the northern region of Nepal, digital economy corporation, green and low carbon cooperation, as well as translation and publication of ancient texts.

Furthermore, Commerce and Supplies Secretary Madhu Kumar Marasini and Chinese officials signed and exchanged an agreement regarding the establishment of a joint technical working group.

Education Secretary Suresh Adhikari and Chinese officials signed and exchanged agreements on cooperation in the field of science and technology and innovation.

Finally, a letter of agreement was signed and exchanged between the National Development and Research Council of China and the National Planning Commission of Nepal, according to a press release issued by Nepalese Embassy in Beijing, China.