"This agreement will bring Nepal and China closer through road connectivity and bring home the Chinese investment", Mahat said. "There is a pressing need in today's world to have a shared, open and inclusive cooperation platform.to jointly tackle global challenges", the AFP quoted Chinese Foreign Minister Wang Yi as telling reporters in Beijing ahead of the summit.
Tomorrow, the prime minister is scheduled to have a four-eyed meeting with President Xi Jinping, followed by a delegation meeting, at the Great Hall of the People.
Ministry spokesman Bharat Raj Paudyal said the main objective of the agreement is "to promote mutually beneficial cooperation between Nepal and China in various fields such as the economy, environment, technology and culture".
"I believe that the Laos-China railway is an important project of the Belt and Road Initiative and will help Laos achieve inter-connectivity in infrastructure construction, trade and investment, as well as people-to-people linkage", he said. The OBOR aims to enhance connectivity and cooperation among countries, primarily between China and the rest of Asia and Europe through land as well as maritime routes.
"Nepal is gradually moving forward from the status of least-developed country, our economic growth is rising, and is full of possibilities, so with the Chinese assistance, we can attain economic prosperity", he said.
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"In the next five years, China is estimated to invest up to $150 billion in Belt and Road countries and regions", the draft reads. After a month-long consultation, the Nepalese side had sent back the draft to Beijing with some changes.
Radio Pakistan reported that several agreements are expected to be signed in connection with the Dollars 46-billion China-Pakistan Economic Corridor (CPEC) during Sharif's visit.
Nepal signing the deal with China may cause concerns in India, which has opposed Beijing's initiative.
Landlocked Nepal remains dependent on India for the majority of its imports, but the previous administration aggressively courted China as part of a nationalist drive to decrease the country's reliance on New Delhi.
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