31 May '17, 7am

OBOR will end Nepal's dependence on one country

KATHMANDU, May 30: While terming Nepal's decision to join the Chinese-initiated One Belt One Road (OBOR) initiative, Chairman of CPN-UML K P Sharma Oli has said that it would help reduce Nepal's heavy reliance on India. Addressing a function organized by the International Concern Center (ICC) in the capital Tuesday, Chairman Oli said that the decision of his government to sign trade and transit treaties with China had already started undoing Nepal's sole dependence on India and the recent agreement with China on OBOR was a continuation of this. “We have broken our total dependence on one country. The signing of OBOR is a continuation of the trade and transit treaties [reached earlier with China],” said Oli. “This is a historic opportunity as well. This success has taken our achievement to a new height.” Nepal signed the Memorandum of Understanding (MoU) on OBOR last month ...

Full article: https://defence.pk/pdf/threads/obor-will-end-nepals-depen...

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