Nepal's major political parties have reached an agreement on the "BRI Cooperation Framework," replacing the earlier "Implementation Plan." The framework narrows its focus to economic cooperation, infrastructure, and trade.
Senior political leaders, including Prime Minister's Chief Adviser Bishnu Rimal, Economic Adviser Dr. Yuvraj Khatiwada, and Congress General Minister Gagan Thapa, played crucial roles in drafting the document. Advocate Semant Dahal provided technical guidance during the negotiations.
The revised framework aligns with Nepal's policy to accept grants instead of loans for projects under the Belt and Road Initiative (BRI). Chinese officials have expressed a positive response to these changes, setting the stage for an agreement during Prime Minister Oli's visit to China.
Does KP Oli and Nepali Congress agreed paper workout for Nepali benefit or all these just debt card for Nepali from Chinese Authorities? China is not blind eyed to provide all facilitated program for free! Nepalese citizens are under dark framework.
Nepalese political leaders are very much keen to get commissions on such projects. For instance, the Pokhara International Airport project turned out to be far costlier than anticipated, saddling Nepal with substantial debt. Is the BRI framework another step in the same direction?
The framework includes several major projects aimed at improving Nepal's infrastructure and connectivity. Key projects include:
While the BRI Cooperation Framework promises to enhance Nepal's development, questions remain about its long-term impact. Will it provide genuine benefits, or will it deepen Nepal's financial reliance on China? The upcoming visit of Prime Minister Oli to China will be pivotal in shaping Nepal's future in this regard.
As the Nepali government has yet to disclose detailed project plans, costs, and roadmaps, its lack of transparency is increasingly apparent to the Nepalese people. Such opaque practices risk undermining trust and may not support the long-term goals of China's One Belt, One Road policy. So to One China Policy.
Foreign Minister Rana Deuba has been pivotal in negotiating the framework, holding bilateral talks with Chinese Foreign Minister Wang Yi. These discussions emphasized mutual interests and Nepal's priorities, including visa-free travel for Nepali citizens and the reopening of border crossings with China.
Minister Rana highlighted that this framework would provide a new momentum in Nepal-China relations, strengthening economic and infrastructural ties while respecting Nepal’s national priorities.
Prime Minister Oli is set to depart for China on December 2, 2024, where he will officially sign the "BRI Cooperation Framework." The agreement is expected to mark a new chapter in Nepal's foreign policy and its relationship with China.
With the framework finalized at the eleventh hour, all eyes are on Beijing as the two nations prepare to formalize their partnership under the Belt and Road Initiative.