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International conference on China-Nepal-India ties opens in Capital

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Kathmandu, May 19, 2016: A two-day conference on the key trends in China-Nepal-India relations and new development strategy for Nepal has opened in the capital today.

Deputy Prime Minister and Minister for Physical Infrastructure Transport Management, Bijaya Kumar Gachchhadar, inaugurated the conference organised by South Asian Institute of Management, the Institute for Integrated Development Studies and Nanyang Technological University, Singapore.

In his inaugural statement, DPM Gachhadar said that in consideration of the recent developments in terms of China announcement in 2013 to revive the Land-based Northern Silk Road and the Great Maritime Highway under the ‘One Belt, One Road’ and India’s recent policy of ‘neighbours first’ and ‘look east and act east’ with both countries emphasising on improved connectivity within Asia and the rest of the world, it was high time for Nepal to review its past, understand the present and chart a suitable strategic path for its development.

Nepal lies between two fast growing nations of the world – India and China and this in itself provides a great opportunity for Nepal, he said.

“China’s shift in its economic policy and gradual tilt towards private sector, its entry into WT, expansion of manufacturing base and activities, increasing role in the global trade have made China a very attractive market,” DPM Gachchhadar, said, referring to the economic opportunities that could be capitalized by Nepal for its economic development..

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