Sunday, 23rd November 2014

Finance Minister Mahat back from China trip


Privacy Policy

Minister for Finance Ram Sharan Mahat, who arrived back in Nepal after a week-long official visit to China on Tuesday, says his China visit has helped strengthen the economic relations between Nepal and China.

Talking to journalists at the Tribhuvan International Airport (TIA), Mahat said his meetings with senior Chinese officials focused on matters of mutual and economic interest.

Finance Minister Mahat left for China on August 6 at the invitation of his Chinese counterpart Lou Jiwei. During his visit, Mahat also held talks with Commerce Minister of China Gao Hucheng.

On the occasion, Gao agreed to activate a bilateral secretary-level mechanism, Mahat said. "We asked China to settle some of the problems that were remaining when the secretary-level mechanism went passive," he added. "China has accepted this."

Similarly, Mahat sought Gao's assistance in improving performance of some Chinese contractor companies. The performance of some of the contractors company was not satisfactory, he said.

Gao then advised Nepal to select from among those with proven track records of quality service and would participate in a bidding process.

Likewise, China expressed concern over the loss of life and property from a landslide and flooding of Sunkoshi River in Sindhupalchowk district while expressing commitment to provide necessary support.

Mahat said he also expressed his sympathy over the loss of life and property caused by an earthquake in China's Yunnan Province.

Meanwhile, Gao expressed the commitment to provide necessary support regarding a request made by Nepal for China to loosen their market for Nepali products and help Nepal balance the trade between the two countries, Mahat said. Nepal's current trade deficit with China stands at Rs 65 billion. Nepal exports Rs 2.53 billion in goods and imports over good worth Rs 68.45 billion every year.

Mahat also met Baima Chilin, the chairman of the Tibet Autonomous Region People's Congress Parliament.

Mahat was accompanied by Joint Secretary Madhu Marasini and Under Secretary Lal Bahadur Khatri, among others.