Nepal and China signed 18 deals and two letters of exchange to promote bilateral cooperation in multiple fields including physical infrastructure development, railroad connectivity and investment at the presence of Chinese President Xi Jinping and Prime Minister KP Sharma Oli at Hotel Soaltee.

The deals were reached after an official meeting between PM KP Sharma Oli and Chinese President Xi at Hotel Soaltee today.

After talks, Nepal and China signed on 18 Memorandum of Understandings (MoUs), and two Letters of Exchange in regard with having a partnership with government bodies including the Ministries of Home, Foreign Affairs, Physical Infrastructure and Transport, Agriculture and Livestock Development, Industry, Commerce and Supply, and the Kathmandu metropolis.

The MoUs were signed at the presence of President Xi and Prime Minister Oli. Following the signing ceremony, foreign ministers; finance, home and foreign secretaries and secretaries at related ministries and the Chinese ambassador for Nepal exchanged the MoUs and Letters of Exchange. Ministers of Finance, Foreign Affairs, Home, Energy, Water Resource and Irrigation and Infrastructure Development, Prime Minister's chief political advisor and advisor for foreign affairs and Nepal government's senior officials were in the Prime Minister Oli's delegation while the delegation led by President Xi comprising China's Foreign Affairs Minister Wang Yi, the finance secretary, Chinese Ambassador for Nepal, Hou Yanqi, and Chinese senior officials were present on the occasion.

Earlier, PM Oli and visiting Chinese Xi led their respective nations in the meeting which focused on discussions and discourses about all aspects concerning Nepal-China relations.