Saturday, December 26, 2015

Nepal, China ink 8-pt agreement

Posted by Anup Baral December 26, 2015 :
Deputy Prime Minister and Foreign Minister Kamal Thapa, who is currently on a five-day official visit to China, has signed an eight-point agreement with the Chinese government. The agreement has paved the way for speeding up preparations to ink a deal to import petroleum products from China. A foreign ministry level meeting held in Beijing on Friday agreed to give momentum to the proposed fuel import deal. According to a member of the Nepali delegation, Deputy Chief of Nepal Oil Corporation Sushil Bhattarai and Under Secretary Navaraj Dhakal of Ministry of Commerce and Supplies have been called to Beijing to reach an agreement on importing petroleum products from China. Both Bhattarai and Dhakal have reached Beijing on Friday. The 8-point agreement states that long-term deal for petrol and gas will be encouraged hinting that a permanent agreement is in the pipeline. The agreement has opened doors for Nepal Oil Corporations and Ministry of Commerce and Supplies to finalise a deal in the coming days.

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