Chinese Foreign Minister Wang Yi Will Visit Nepal On March 25 To Explore Bilateral Ties, Push BRI Projects
Wang YiKathmandu, Mar 21 (PTI) Chinese Foreign Minister Wang Yi will arrive here on March 25 on a three-day official trip at the invitation of Nepal Foreign Minister Narayan Khadke to explore bilateral ties between the two countries and push Beijing’s ambitious multi-billion Belt and Road Initiative (BRI) in the Himalayan nation.
Wang is the highest level foreign dignitary to visit Nepal after the Sher Bahadur Deuba government assumed power last year.
“At the invitation of Minister for Foreign Affairs Narayan Khadka, State Councilor and Minister of Foreign Affairs of the People’s Republic of China Wang Yi is visiting Nepal from March 25 to 27, 2022,” the Ministry of Foreign Affairs said in a statement on Monday.
According to sources, a raft of agreements under the BRI is expected to be signed during Wang's visit.
A pet initiative of Chinese President Xi Jinping, BRI was launched in 2013 to fund infrastructure projects across the world, taking advantage of China’s massive USD 3.21 trillion forex reserves to further Beijing’s global influence.
Although Nepal and China signed the MoU under the BRI five years ago, not a single project under the initiative has taken off in Nepal so far.
During the official trip, Wang will hold bilateral talks with his counterpart Khadka.
He will also meet President Bidya Devi Bhandari and Prime Minister Sher Bahadur Deuba, according to Nepal’s Ministry of Foreign Affairs press release.
'The minister for Foreign Affairs Khadka and Wang will hold bilateral talks, while leading their respective delegations on March 26, 2022,” the press release added.
Interestingly, the Chinese Foreign Minister’s visit comes nearly a month after Nepal’s Parliament had endorsed the US-backed Millennium Challenge Corporation.
The USD 500 million infrastructure grants programme was approved by the Parliament after discussions and alleged intervention by China against the American-funded project.
During the visit, Wang will also meet with former Prime Minister and Chairman of CPN-UML K P Sharma Oli, and Chairman of CPN-Maoist Centre Pushpa Kamal Dahal ‘Prachanda’.
Nepal and China are also expected to ink an agreement to conduct a feasibility study of the Kerung-Kathmandu railway network during Wang’s visit.
(This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.)
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.
