Friday, 27th February 2015

Finance Minister off to China

Privacy Policy

Finance Minister Ram Sharan Mahat has left for China on an official visit Wednesday at the invitation of his Chinese counterpart Lou Jiwei.

The aim of the visit is to garner additional support and cooperation from Nepal’s northern neighbour in the country's socio-economic development, the Ministry of Finance said.

The finance minister’s press advisor Gajendra Bista says, Mahat is expected to focus on reducing Nepal's increasing trade deficit with China, garner additional assistance for the development of physical infrastructures and discuss other matters of bilateral interest.

Nepal's annual trade deficit with China stands at Rs. 65 billion.

During the visit, Finance Minister Mahat is set to hold a meeting with Chinese Minister for Commerce Gao Hucheng.

Mahat is scheduled to return on Tuesday, Aug 12.