6 days ago

Nepal Refuses India-China Choice, Puts National Interest First

Nepal Refuses India-China Choice, Puts National Interest First
India Or China? Nepal Says It Won't Choose, Will Put National Interest First · freepressjournal.in

Nepal is a country located between India and China.

Its foreign minister said Nepal wants to stay friends with both countries.

He said Nepal should not replace its relationship with one neighbor with its relationship with the other.

He compared India and China to important members of a family.

Nepal will make foreign-policy decisions based on what is best for Nepal.

The minister rejected claims that China has taken control of Nepal.

He said India is Nepal’s biggest trading partner, making up about two-thirds of its trade.

He also said Nepal received no money from its Belt and Road Initiative projects during the past 10 years.

Nepal wants more investment from Indian companies in energy, tourism, technology, infrastructure and transportation.

Key facts

Speaker
Shisir Khanal, Nepal’s foreign minister
Nepal’s trade with India
India accounts for about two-thirds of Nepal’s total trade, according to Khanal.
Belt and Road Initiative funding
Khanal said Nepal received $0 for BRI projects over the past 10 years.
BRI agreements
Nepal signed a framework agreement in 2017 and an implementation agreement the following year, according to the reports.
Electricity exports
Nepal and India have a framework agreement covering the export of 10,000 megawatts of electricity.
Priority investment sectors
Energy, tourism, technology, infrastructure, and air and road connectivity.
Technology exports
Khanal said Nepal has seen nearly $1 billion in technology-services exports.

Quotes

Shishir Khanal

Nepal’s foreign minister

“To Indian companies and the private sector I want to say we're open for business. The country wants investment, and we want to work with you and we will make it easy for you to invest and do business in Nepal.”
freepressjournal.in NDTV
“We have a wonderful relationship that we would like to maintain with both India and China. But we do not want to supplement one with the other.”
freepressjournal.in

Sources

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