Nepal, China sign BRI cooperation framework

Nepal and China sign Belt and Road Initiative agreement, enhancing economic cooperation and connectivity between the two countries.

Nepal and China signed a much-awaited framework agreement on the multi-billion-dollar Belt and Road Initiative (BRI) on Wednesday (December 4, 2024), paving the way for enhanced economic cooperation on the projects.

The BRI Cooperation Framework agreement was inked during Prime Minister K. P. Sharma Oli's official visit to China — his first official visit to that country after assuming office for the fourth time.

“Today, we signed the Framework for Belt & Roads Cooperation. As my official visit to China concludes, I am honoured to reflect on the bilateral talks with Premier Li Qiang, discussions with NPC Chairman Zhang Leji, and the highly fruitful meeting with President Xi Jinping,” Prime Minister Oli posted on X.

“The economic cooperation between Nepal and China will be further strengthened under the Belt and Road Framework Cooperation,” he added.

The BRI framework agreement was inked by Foreign Secretary Amrit Bahadur Rai and Liu Sushe of the National Development and Reform Commission of China, according to the Prime Minister’s secretariat.

“The agreement is expected to pave the way for the implementation of BRI projects,” sources said.

The BRI is a mega connectivity project that connects China with Southeast Asia, Central Asia, Russia and Europe.