China, Nepal sign framework agreement to promote Belt and Road cooperation that signifies a collaborative approach and China’s increasing footprint in the region.
China and Nepal have formalized a framework agreement to enhance cooperation under the Belt and Road Initiative (BRI), the National Development and Reform Commission (NDRC) announced on Thursday.
The agreement was signed by Liu Sushe, deputy head of the NDRC, and Amrit Bahadur Rai, acting foreign secretary of Nepal, representing their respective governments.
The framework emphasizes a collaborative approach under the principle of “planning together, building together, and benefiting together.” It aims to foster practical cooperation in key sectors such as economy, finance, transportation, logistics, trade, industrial investment, and customs.
According to the NDRC, the agreement holds significant value in strengthening political trust between China and Nepal while advancing high-quality Belt and Road collaboration.
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