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Visit successful- PM

Monday, October 24th, 2011
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Prime Minister Baburam Bhattarai has said that his formal visit to India was very fruitful.

Addressing the Legislature-Parliament about his India visit and the bilateral investment promotion and protection treaty (BIPPA) on Monday, Prime Minister Bhattarai reiterated that the high-level visit had strengthened the longtime bilateral relations between Nepal and India.

India supported peace process and constitution making in Nepal, he said, adding discussions were held positively on various issues related to the both countries.

He argued that the BIPPA signed between Nepal and India during his visit would promote investment in Nepal and reduce trade loss with India and generate employments here. He, so, urged the political parties not to make unnecessary disputes on this.

Moreover, Prime Minister Bhattarai made it clear that the BIPPA was signed as per the international norms and standard. He added that Nepal had already signed such agreements with various five countries, including France.

According to the Prime Minister, an agreement was reached with India to extend air service in Nepal, review 1950 Treaty, expand Birgunj dry port, import 200 MW electricity, extend four more customs points, make the dashgaja area encroachment free, and curb border disputes and crimes by holding discussion between the two countries.

Prime Minister said that though there were numerous high-level visits from Nepal to India, there was not such from the Indian side, so he invited the Indian Prime Minister Manmohan Singh to visit Nepal at his convenient time. His Indian counterpart promised that he would visit Nepal after the diplomatic arrangement.

However, he made it clear that the agreement on double taxation avoidance was not signed because of some technical hitches and it would be signed after the Councils of Ministers from both countries approve this.

Other agreements as on goiter control and Line of Credit and the high level meetings at both the government and people’s level in India were significant which obviously added new dimension on the Nepal-India relations, he stressed.

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