“Nepal`s lack of investment and attention to BRI-related infrastructure undermines the full range of China-Nepal relations,” he said. While Nepal may be facing geopolitical polarizations around the world and in the region, there are structural problems within the country that, if not addressed properly, could render any transnational agreement ineffective. KATHMANDU, Dec. 31 (Xinhuane) — Nepal-China economic and trade relations continued to grow in 2018, with China remaining the largest source of foreign direct investment (FDI), the second largest source of tourists and trading partners. There are a number of bilateral mechanisms between Nepal and China. Nepal-China Joint Consultation Mechanism is one of them, headed by the Minister of Foreign Affairs of Nepal and the Vice Minister of the Chinese Ministry of Foreign Affairs. This forum plays an important role in the discussion of the entire field of bilateral relations. The 12th meeting of the Nepal-China Joint Consultation Mechanism took place on 13 December 2018 in Beijing. During the meeting, all important issues relating to bilateral relations were widely discussed and the two sides reviewed the progress made with regard to previous agreements, agreements and commitments. Bishnu Bahadur Khatri, a Chinese importer and former president of Nepal`s Trans-Himalayan Border Commerce Association, an institution formed by traders involved in Nepalese-Chinese trade, told Xinhua that poor infrastructure on the Nepalese side prevents goods from reaching the Rasuwagadhi point, which prevents traders from using the land route. The Nepalese capital is located in a valley where air pollution is locked between the mountains.

Much of them is dust from unentified and unpaved roads. Brick kilns on the outskirts of the city also pollute the air. But the biggest culprit is traffic. There is no lack of agreements, but there has never been a political will to implement them. Plagued by years of interference, corruption and mismanagement, government authorities are simply not in a position to make progress on bilateral agreements. Lok Raj Baral, a former Nepalese ambassador to India, said Nepal needed to be “very careful” and maintain a “good balance” between the two neighbors. Many in Kathmandu don`t care about masks at all, and for street vendors like this young cotton candy vendor at one of Kathmandu`s busiest intersections, vapors pose an occupational risk. Trade between two countries can be carried out through the state-owned trade organizations of Nepal and China, as well as other importers and exporters from both countries.

However, India lags behind China in developing its trade and investment relations with its regional partners, including Nepal. To promote the trade balance, China has offered duty-free access to more than 8,000 Nepalese goods, but Nepal has failed to seize this opportunity due to a lack of products for export. Nepal mainly exports handicrafts such as metallurgy and wool, pashmina and silver jewellery, among others. The two countries have a long tradition of regularly exchanging high-level visits that have contributed to the strengthening and consolidation of bilateral relations. The two countries use bilateral, regional and multilateral forums to organize meetings between heads of state and government to maintain regular contacts and exchange views on issues of mutual interest. To promote the trade balance, China has offered duty-free access to more than 8,000 Nepalese goods. In order to fully exploit and benefit from trade relations, experts believe nepal should harness its potential and explore more exportable items and goods. . .

.

Tuesday, October 12th, 2021


Comments are closed.