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Nepal's ruling party hails China-Nepal deals during PM's visit

Xinhua, March 25, 2016 Adjust font size:

Nepal's ruling Communist Party of Nepal (Marxist-Leninist) on Friday welcomed cooperation deals inked with China during the ongoing visit of Prime Minister Sharma Oli.

"These bilateral cooperation deals are highly significant which help achieving long-term socio-economic development goals to Nepal on its own," the CPN-ML said in a statement issued after the party's Politburo meeting.

Stating that the deals have opened new gateway for diversifying Nepal's trade, the party also stressed on earnest implementation of those pacts.

"Bilateral cooperation deals reached between the two countries on trade diversification, cross border connectivity, infrastructure development, investment, reconstruction, climate change, energy, tourism and finance have a long-term significance for Nepal's socio-economic development," the party added.

Nepal and China had sealed 10 separate agreements and Memorandums of Understanding, including Transit Transport Agreement and Joint Feasibility Study of Free Trade Agreement during the visit of the Nepali prime minister in Beijing.

Oli's week-long visit to China has drawn huge attention of the Nepalese people who hailed the agreements and MoUs as a milestone in enhancing cooperation between the two neighbors. Endit