28 Apr, 2017

China Study Center Nepal and Nepal Institute for Strategic Studies jointly organized a seminar on “One Belt One Road (OBOR ) Initiative and South Asia” with special reference to political, economic and security dimensions in Kathmandu on 28th of April, 2017. Based on the papers presented and comments and observations made during the proceedings in the seminar, the participants of the seminar have come to the following consensus:

* There is an immediate need to formalize OBOR in the governance system of all South Asian countries for the greater benefit of the South Asian people.

*Such formalization of OBOR supported by a cooperation system also needs institutionalized dialogue mechanism between China and countries in South Asia on policy and strategic development planning coordination and cooperation measures to prioritize projects within the framework of OBOR.

* Countries in South Asia and China may vow to expand mutual and inclusive cooperation in the days ahead for establishing credible Government to Government as well as People to People contacts to enhance trust between South Asia and China.

* In this connection it is necessary to hold follow up seminar focusing on the progress made during the requisite interval of time and evaluate all three dimensions which were discussed today.
In the Opening inaugural statement Hon Deputy Prime Minister and Minister for Finance Mr. Krishna Bahadur Mahara said, “OBOR will be instrumental in developing the region. He thanked the Chairman of China Study Center Nepal and Nepal Institute for Strategic Studies for organizing a very important seminar that could create a positive impetus in realizing the value of OBOR Initiative. In his key note address, the Vice Chairman of the National Planning Commission Dr. Min Bahadur Shrestha laid emphasis on the regional connectivity within the OBOR framework for the regions’ accelerated and higher economic prosperity in a secure and stable environment. Ambassador of The People’s Republic of China to Nepal HE Ms. Yu Hong said stability in policy is the key to success of such initiative which is very important for the development of the South Asian Region. Acting Chairman of CSC, Mr. Sundar Nath Bhattarai , NISS Chairman Lt. Gen Vivek K Shah(Retd) also highlighted the importance of OBOR. The distinguished paper presenters and participants made the seminar deliberations lively and focused making the seminar deliverables result-oriented and significant.

China Study Center Nepal and Nepal Institute for Strategic Studies