Tibet pledges financial aid package to Nepal

Tibet Autonomous Region of China has pledged annual financial assistance of $450,000 to Nepalese government to raise the living standard of the people living in the area adjoining Nepal-China border.

Tibet Autonomous Region of China has pledged annual financial assistance of $450,000 to Nepalese government to raise the living standard of the people living in the area adjoining Nepal-China border.

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This was announced during the visit of Nepalese Foreign Minister Upendra Yadav to China, according to the National News Agency (RSS).

Yadav was in China to prepare ground work for the visit of Prime Minister Prachanda, who is scheduled to arrive in Beijing at the end of April.

The money would be utilised for uplifting life of Nepalese people living in the area close to Tibet, said Champa Phuntshok, Chairman to Tibet Autonomous Region, while announcing the aid package.

Phuntshok praised Nepal's one China policy while Yadav reiterated Kathmandu's commitment not to allow any anti-China activity on its soil.

During the meeting between Nepalese and Tibetan officials, bilateral trade, tourism, transportation and development mainly figured.