Partnership, connectivity key to shared prosperity between Nepal, India: Foreign Minister Rana
Foreign Minister Arzu Rana Deuba has expressed her hope that joint partnership and connectivity in various sectors between Nepal and India would lay the foundation for shared prosperity between the two nations.
Inaugurating the Nepal-India Strategic Dialogue in Kathmandu today, she underscored the need to speed up cooperation in trade, transit and investment between the two countries and advance economic partnership through connectivity.
“I look forward to a future where ginger from Nepali farmers reaches the Mumbai market within 24 hours and an Indian tourist reaches Pokhara on an evening flight after finishing a morning meeting in Delhi. This kind of proximity should be the basis for economic prosperity for the citizens of the two countries.”
Citing the ago-old Nepal-India relations, built on shared values, culture and emotions and people-to-people contacts, she said enhancing cooperation and connectivity would help shape a prosperous future for both countries.
She stressed the need for investing in roads, railways, waterways, air routes, and digital infrastructure to increase mutual connectivity. “A seamless connectivity between the two countries will not only support regional and global supply chains, but also enhance transit trade and border economies. This will benefit the citizens of both countries.”
Stating that the current global economic scenario is shifting towards a knowledge-based economy, services and digital platforms, Minister Rana stressed the need for both countries to jointly focus their efforts on digital economy, technology and innovation, modern education system, skill development and creative economy.
Highlighting the energy sector as a notable example of cooperation between the two neighbors, she said that Nepal’s vast hydropower potential will provide a clean, renewable energy source, which she said will be useful for the future generations.
She added India's commitments to importing 10,000 MW of electricity from Nepal in the coming decade reflects Nepal-India cooperation in the energy sector. "The two countries have further strengthened cooperation in the power sector, including developing transmission interconnections, grid connectivity and power exchange, and cross-border power trade."
Minister Rana proposed collaboration between India's expertise in digital innovation and Nepal's young and tech-savvy population. "We should promote tech hubs, start-ups and digital innovation platforms in mutual cooperation and let our youth work together, use technology and move forward on the path of prosperity."
Calling for joint efforts to tackle shared challenges posed by climate change especially amid rapid technological advancements and shifting geopolitical dynamics, she expressed gratitude to the Government of India for its cooperation and support for successfully organising the "Sagarmatha Sambaad" recently in Nepal.
Reiterating Nepal's commitment to a future of peace, stability and prosperity through partnerships with its neighbors and international friends, the minister underscored that such dialogues are vital for deepening Nepal-India relations, promoting the exchange of ideas, and strengthening the people-to-people relations.
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China has a near-monopoly over the processing of heavy rare earths into magnets that power critical goods like wind turbines, medical devices and electric vehicles. But Beijing is heavily reliant on Myanmar for the rare earth metals and oxides needed to produce them: the war-torn country was the source of nearly half those imports in the first four months of this year, Chinese customs data show.
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"Our deal with China is done, subject to final approval from President Xi and me," Trump wrote on his media platform Truth Social.
It followed two days of intense talks in London to resolve conflicts that had emerged since the two sides agreed a truce in May, after a rapid escalation of tariffs had nearly paralysed trade between the world's two largest economies.
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US President Donald Trump ordered the deployments over the objections of California Governor Gavin Newsom, sparking a national debate about the use of the military on US soil and animating protests that have spread from Los Angeles to other major cities, including New York, Atlanta and Chicago.
Los Angeles on Wednesday endured a sixth day of protests that have been largely peaceful but occasionally punctuated by violence, mostly contained to a few blocks of the city's downtown area.
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