As 2024 winds down, China and Nepal are doubling down on their 'strategic partnership' with high-level visits and game-changing trade perks. Here’s why this Himalayan friendship is trending globally!
High-Level Visits Signal Stronger Ties
Nepal’s Prime Minister KP Sharma Oli kicks off a China visit this week, joined by a 48-member business delegation. Meanwhile, Foreign Minister Arzu Rana Deuba is already in Sichuan for key talks. \"This isn’t just diplomacy—it’s about unlocking economic potential,\" says a Nepalese customs official.
Zero Tariffs, Big Opportunities
China’s new zero-tariff policy for least-developed countries like Nepal means Himalayan goods—from handcrafted textiles to tech gadgets—could flood Chinese markets tariff-free. Trade through key border points surged 70% in early 2024, fueled by festive demand for Chinese EVs and smartphones during Nepal’s Dashain celebrations.
Ancient Bonds, Modern Vision
From Buddha’s teachings to Confucian values, these neighbors share millennia of cultural ties. Since establishing formal relations in 1955, they’ve built a \"shared future\" focused on infrastructure and mutual growth. \"Our partnership isn’t just about trade—it’s about lifting communities,\" Chinese Foreign Minister Wang Yi emphasized recently.
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China-Nepal ties: Strong friendship, zero tariffs, shared future
cgtn.com