Nepal is willing to participate in China’s ambitious ‘One Belt, One Road’ initiative, Prime Minister Prachanda said on Friday, expressing confidence that the development project could benefit the land-locked country.
Prime Minister Pushpa Kamal Dahal told visiting Chinese Minister of State for Industry and Administration Zhang Mao that Nepal wants to actively take part in the initiative and benefit from the endeavour, according to sources at the Prime Minister’s office.
China’s proposed ‘One Belt, One Road’ initiative, a pet project of President Xi Jinping, aims to link the economic circles in East Asia and Europe, connecting China on land and over water to partners in Asia, Europe and Africa.
The initiative known as the revival of the ancient Silk Road trading route would link Asian markets with economic groups in Europe.
With nearly three billion people inhabiting areas covered by the proposed economic belt, it represents the biggest market in the world with unparalleled potential. Chinese President Xi first introduced the concept in 2013 during his visit to Kazakhstan.