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Ambassador Yu Hong Attends and Speaks at the 1st Kathmandu dialogue

Hon. Deputy Prime Minister and Defense Minister Mr. Ishwor Pokharel,

Mr. Madhav Prasad Acharya, Chairman of Kathmandu School of Law

Mr. Yubaraj Sangroula, Executive Director of Kathmandu School of Law

Professors, Dear students,

Good Afternoon.

It’s my honor to be invited to attend the 1st Kathmandu Dialogue and get this opportunity to speak here. On behalf of the Chinese Embassy in Nepal, I extend my congratulations on the opening of the Dialogue and wish the Dialogue a great success. Kathmandu School of Law engages itself in promoting China-Nepal cooperation and exchanges as well as the mutual understanding and cooperation between China and South Asian countries. It focuses on major development issues and sets up international dialogue platform, for which I believe deserving appreciation and support. What impresses me most is that the School strives to push young students into communication and discussions on the major issues of current development, help them better understand our era and stimulate their enthusiasm and responsibility for common prosperity.

Nowadays, the world is full of challenges and faced with unprecedented great changes and profound readjustment. People of all countries expect development. Global growth requires new drivers, development needs to be more inclusive and balanced and the gap between the rich and the poor needs to be narrowed. One century ago, it is impossible for one to imagine that production factors could flow so freely throughout the globe as today. However,with the development of technology and improvement of productivity, economic globalization is driving forward in a irresistible manner. The infrastructure is extensively connected, global trade keeps growing, global governance mechanism is increasingly improved and exchanges among peoples become unrepresented profound. The realization and development of economic globalization is not only necessary but also possible.

In 2013, President Xi Jinping proposed the “Belt and Road”Initiative(BRI), which is an important international cooperation initiative and an action as well, which strives for common prosperity and development and building for a community with a shared future for mankind. This year marks the 5th anniversary of the BRI. Over the past 5 years, it has received support from around the world and produced fruitful early harvests. The reason behind is that the BRI is based on globalization and promoting globalization and conforms to the trend of global development. The developing countries participating in the BRI expect to get rid of the underdevelopment trap. So far, nearly 90 countries and international organizations have signed BRI cooperation agreements with China. The BRI has become the largest platform for international cooperation and the most welcome public good in the world.

The BRI follows the principle of equality and mutual benefit. Countries cooperate at equal footing and pursue common development through consultation and collaboration. All parties are equal participants, contributors and beneficiaries.

The BRI is open, inclusive and totally transparent. It is not an exclusive club. We hope that all BRI projects are of high standard and high quality. We lay great emphasis on green development, environmental protection and debt sustainability. We are aware of the importance of heeding the realities of different host countries and accommodating their actual need. The BRI actively forges greater synergy with development strategies among countries and enables complementarity of strengths, unlocks more potential and broader space for cooperation. The BRI is based on rules and has always been conducted within the confines of international rules and law. We are expediting the negotiation of agreements on trade and investment, finance and taxation, IPR, transport, environmental protection and other matters and provide institutional safeguard for the BRI cooperation. The contribution from the legal community has great significance for BRI cooperation. The participating countries shall pay attention to the “soft connectivity” of policies, rules, standards, improve the legal safeguard, create a law-based business environment and deepen legal exchanges and international cooperation.

China and Nepal are friendly neighbors linked by mountains and rivers. For a long time, the two countries respect each other and treat each other equally. Political mutual trust and friendship between people is the most precious part in China-Nepal relations. Recent years has seen rapid development of bilateral relations with cooperation between us expanding extensively. China and Nepal signed the MoU on the BRI In 2017, which opens broader space for the development of bilateral relations.

In June, 2018, Rt. Hon. Mr. K.P. Sharma Oli, Prime Minister of Nepal, made a successful visit to China. The leaders of two countries reached extensive consensus on consolidating China-Nepal relations and advancing pragmatic cooperation and decided to enhance connectivity, encompassing such vital components as ports, roads, railways, aviation and communications within the overarching framework of trans-Himalayan Multi-Dimensional Connectivity Network.The Chinese engineers devote themselves to the construction of major projects in Nepal leaving their families far behind. According to the statistics of Nepal, in terms of FDI in Nepal, China has marked No.1 for three consecutive years. In the first half of this year, the number of Chinese tourists visiting Nepal reaches 70 thousand. Air routes between China and Nepal have been opened with 90 flights each week now. About 6,000 Nepali students are studying in China. The BRI has opened a broader space for cooperation between us. China will continue supporting Nepal in economic and social development within its capacity and assist Nepal to realize the goal of “Prosperous Nepal, Happy Nepali”.

China also enjoys extensive cooperation with other South Asian countries. China-Pakistan Economic Corridor as a leading major project of the BRI maintains fastest progress. This is the cooperation for the benefit of all the Pakistani people. China and Bangladesh focus on advancing the cooperation of infrastructure, trade and investment,and development aid. The construction of major projects between China and Bangladesh is progressing smoothly. The Chinese side has provided necessary financing support in this regard.

The leaders of China and India have met for three times since this year, which highlights the great importance attached by the leaders of two countries to the China-India relations. Both as ancient civilizations, China and India are important neighboring countries to each other and major developing countries with more than 1 billion people. The development of the two countries is not only the prosperity and progress for the one third of the world population, but also the great process that has never been seen in the history of human civilization. The two countries share far more common interests than differences. More than 30 dialogue mechanism have been established between China and India. The value of bilateral trade reached 84.4 billion dollars last year. More than 800 Chinese enterprises investing in India create over 100 thousand jobs. More than 20,000 Indian students are studying in China.

China and countries in South Asia are important partners for cooperation. China wants to live in harmony with all countries in the region and supports their development. China is the biggest neighbor of South Asia and India is the largest country in South Asia. China is ready to deepen mutual trust with all South Asian countries and work together with India and make greater contribution to the development of the region so that the people living on both sides of the Himalayas will enjoy peace, stability and prosperity.

Today young students from China, Nepal, Pakistan, India, Bangladesh and other countries gather in Kathmandu. The young students are here to discuss the cooperation between China and South Asian countries and the development of China-Nepal relations. This is the responsibility of young generation. The young students are not only the future and hope of their countries, but also the hope of global development and cooperation. I wish all the young students learn from each other, have a better communication and contribute their wisdom and strength to the common development of China and South Asian countries.

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