China hopes Nepal joins Belt and Road Initiative soon

Kathmandu, Feb 28 (IANS) China’s Ambassador to Nepal Yu Hong said on Tuesday that his country is hoping Nepal would soon become member of the Belt and Road Initiative.

The ambassador made the remarks while addressing the 14th Annual General Meeting of the Nepal-China Chamber of Commerce and Industry in Kathmandu.

“China and Nepal are negotiating to sign the Memorandum of Understanding on jointly promoting the Silk Road Economic Belt and 21st Century Maritime Silk Road. We hope Nepal will become a member of the circle of friends for the Belt and Road,” Yu was quoted as saying by Xinhua news agency.

The ambassador said that as many as 100 countries have expressed their intention to support and jointly contribute to the Belt and Road Initiative while over 40 countries and international organisations have already signed cooperation agreement with China for jointly building the Belt and Road.

“The China-Nepal relations are facing great opportunities. We are expected to promote bilateral cooperation by joint efforts of our two sides within the framework of building the Belt and Road,” she said.

The Belt and Road initiative, proposed by China in 2013, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along the ancient trade routes.