Nepal and China signs two key agreements

Kathmandu: Nepal and China have inked two crucial agreements aimed at bolstering bilateral cooperation. The agreements, signed in the presence of Finance Minister Barshaman Pun during his visit to China, focus on global development efforts related to human resource development and health, as well as cooperation in providing medical supplies and health services.

The signing ceremony, held today, featured the participation of Madhukumar Marasini, Secretary of the Ministry of Finance, Dr. Roshan Pokharel, Secretary of the Ministry of Health and Population, and Li Yu Zhao, Head of the China International Development Cooperation Agency (CIDCA).

Under the terms of the agreements, China has pledged support for the operation of medical services for the VVIP Koirela Memorial Cancer Hospital in Nepal. Additionally, financial assistance will be provided for infrastructure construction and technical training for medical professionals.

Moreover, Prime Minister Pushpa Kamal Dahal Prachanda’s visit to China in October last year saw commitments from the Chinese government to initiate support for the operation of medical services in Nepal, marking a significant elevation in bilateral relations and the implementation of bilateral agreements.

During the meeting, discussions were also held between Prime Minister Prachanda and the Chairman of CIDCA regarding investment prospects in Nepal, including the construction of electricity transmission lines and the feasibility study of the Tokha-Suryabinayak Road.

These agreements underscore the growing cooperation and mutual commitment between Nepal and China, further enhancing their diplomatic ties and paving the way for strategic collaborations in various sectors.