Nepal and China signed two separate Memorandum of Understandings during the visit of Deputy Prime Minister and Minister of Foreign Affairs Krishna Bahadur Mahara.
The first MoU on Energy Co-operation between the Ministry of Energy of the Government of Nepal and the National Energy Administration of the People's Republic of China was initiated at the Embassy of Nepal, Beijing. The MoU was initialed by Sushil K Lamsal, Deputy Chief of Mission/Minister, Embassy of Nepal on behalf of the Ministry of Energy, Government of Nepal and by He Yang, Deputy Director General, on behalf of the National Energy Administration of China.
This understanding will pave the way for expanding cooperation between the two countries in the development of power generation projects and joint investment in power grid including feasibility study in cross-border power grid interconnection, among others. Similarly, a MoU was signed between the Embassy of Nepal, Beijing and Zhongjingrun Tourism Investment Company Ltd. at the Embassy of Nepal today for undertaking activities to promote Nepal's tourism in China, including Buddhist tourism.
According to Xinhua, China is willing to enhance high-level exchanges with Nepal and facilitate cooperation with the South Asian country in interconnectivity, reconstruction, trade and investment, energy and tourism, Chinese Foreign Minister Wang Yi said Thursday.
Wang made the announcement while holding talks with Nepalese Deputy Prime Minister and Foreign Minister Krishna Bahadur Mahara, who is on an official visit to China from Sept. 6 to 11, invited by his Chinese counterpart.
"The two sides believe that development of China-Nepal relations is beneficial for the interests of the two countries and two peoples," Wang said at the press conference after the talks, saying that the two sides will develop bilateral ties from a strategic perspective and will push forward the comprehensive cooperative partnership.
During this process, China will adhere to the three basic principles of equal treatment, mutual support, and joint development, Wang said.
"Large or small, countries should be treated equally," said Wang, adding that China never interferes in Nepal's domestic affairs, never attaches political conditions to economic cooperation, and never asks Nepal to pick sides in its foreign policy.
According to Wang, China will continue to firmly support Nepal's efforts to safeguard its national independence and sovereign and territorial integrity. China highly appreciates Nepal's upholding of the one China policy and support of China's core interests on Tibet and Taiwan issues, Wang said.
Wang said that China is willing to cooperate with Nepal under the Belt and Road Initiative and to offer help for Nepal's economic and social development.
Wang said that the two sides will cooperate on the planning of a railway that runs across the China-Nepal border, repair two highways in Nepal, and will construct three ports along the border.
Mahara said that Nepal will firmly adhere to the one China policy and will never allow anyone to harm China's sovereignty and interests within Nepal's territory.
Mahara appreciates China's support of Nepal in its development and reconstruction after the 2015 earthquake, saying that Nepal is willing to cooperate with China under the framework of the Belt and Road initiative.