Nepal-China Border Trade Mechanism Concludes Third Meeting in Lhasa with Key Agreements
Summary
The third meeting of the Nepal-China Coordination Mechanism on Border Trade and Cooperation in Lhasa resulted in key agreements on trade facilitation, infrastructure projects, and strengthening bilateral cooperation.
Key Points
- The third Nepal-China Coordination Mechanism on Border Trade and Cooperation took place in Lhasa with significant agreements on trade, customs facilitation, and infrastructure.
- Discussions covered simplifying border entry passes, expediting tunnel construction, and maintaining China's zero-tariff policy post-Nepal's LDC graduation.
- Agreements were made on road construction projects, Friendship Bridge, ICDs, and sister-city ties between Rasuwa and Gyirong.
- Plans include resuming Kathmandu-Lhasa bus service, building a High-Tech Agricultural Park, and enhancing cooperation in traditional medicine.
