Nepal and China have reached ten different agreements in Beijing. The two sides singed the agreements in presence of Prime Ministers of both the countries, Khadga Prasad Oli and Li Keqiang.

The meeting between the two prime ministers took place at the historical Great Hall of Peoples’ in Beijing.

The agreements are related to trade and transit facility for Nepal, construction of airport in Pokhara, loan agreement for construction of Pokhara International Airport (25% of total project cost) and to establish solar power terminals in 32 thousand household equivalent to NPR 400 Million.

Other agreements that were reached between the two sides are trademark related, excavation of petroleum projects, independent trade agreement, banking regulation agreement and construction of Hilsa Bridge.

With the signing of Trade and Transit Agreement with China, Nepal will no longer depend on India- the country that is known for repeatedly imposing economic blockade on Nepal, for third country imports. With this Nepal has liberated from the Indian clutches. Thanks Nepali leaders learnt lessons from the fresh blockade imposed by India.

China will also open branches of one of its largest banks in Nepal.

Prime Minister Oli has already met with the Chinese President Xi Jinping. President Xi in the meeting hoped that Nepal would return to normal political situation following the drafting of the new constitution.

The two sides will release a joint statement on Tuesday.

 Kudos to China.

@telegraph