Sunday, April 19, 2009

China has agreed to increase its annual assistance to Nepal by 50 percent.

Picture China Nepal Friendship Highway

China has agreed to increase its annual assistance to Nepal by 50 percent.

Foreign Minister Upendra Yadav who returned to the capital on Saturday after a visit to China, said the Chinese government agreed to provide 150 Yuan (Rs 1.74 billion) annually. Chinese aid stands at 100 million Yuan at present.

Speaking to reporters at the Tribhuvan International Airport, Yadav also informed that China is positive about giving duty-free access to as many as 497 different Nepali export items.

China has also pledged help for developing Rampur Agriculture Campus in Chitwan into an agriculture university, he said, adding that the northern neighbour has shown readiness to help Nepal in infrastructure projects, science and technology and tourism.

The Foreign Minister maintained that if Nepal is able to sustain peace more foreign assistance will be available.

Apart from Beijing, FM Yadav visited Hong Kong and Macao, holding high-level parleys with senior officials there on issues concerning Nepali migrant workers. Hong Kong has been asked to grant transit and working visa for Nepalis, he informed.

Yadav also visited Indonesia where he participated in an international conference on human trafficking.

China has agreed to increase its annual assistance to Nepal by 50 percent.

Foreign Minister Upendra Yadav who returned to the capital on Saturday after a visit to China, said the Chinese government agreed to provide 150 Yuan (Rs 1.74 billion) annually. Chinese aid stands at 100 million Yuan at present.

Speaking to reporters at the Tribhuvan International Airport, Yadav also informed that China is positive about giving duty-free access to as many as 497 different Nepali export items.

China has also pledged help for developing Rampur Agriculture Campus in Chitwan into an agriculture university, he said, adding that the northern neighbour has shown readiness to help Nepal in infrastructure projects, science and technology and tourism.

The Foreign Minister maintained that if Nepal is able to sustain peace more foreign assistance will be available.

Apart from Beijing, FM Yadav visited Hong Kong and Macao, holding high-level parleys with senior officials there on issues concerning Nepali migrant workers. Hong Kong has been asked to grant transit and working visa for Nepalis, he informed.

Yadav also visited Indonesia where he participated in an international conference on human trafficking

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