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Nepal to be part of China's OBOR

ANI  |  Kathmandu [Nepal] 

has decided to become a part of China's One Belt One Road (OBOR) initiative and an agreement to this effect as is likely to be signed with soon.

Citing top officials, Kathmandu Post reported that a cabinet meeting of the on Monday took a decision to sign an agreement to become a part of OBOR during the upcoming OBOR Conference to be held in this month.

has already confirmed its participation in the OBOR conference

Deputy Prime Minister and Minister Krishna Bahadur Mahara will be leading the Nepali delegation to the conference.

Nepal's Physical Infrastructure Minister Ramesh Lekhak and Communications Minister Surendra Karki along with senior officials will also participate in the conference scheduled to kick off on May 14

Nepal's Prime Minister Pushpa Kamal Dahal during his recent visit to had assured Chinese leaders that Kathmandu would be a signatory to the initiative by April.

OBOR is Chinese initiative that focuses on connectivity and cooperation among countries primarily and the rest of Eurasia, which consists of two main components, the land-based "Silk Road Economic Belt" (SREB) and oceangoing "Maritime Silk Road" (MSR).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 08 2017. 18:42 IST
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