Nepal has endorsed an agreement that will enable it to connect the railway lines it is planning to develop with Asian and European rail networks. The Republica daily has reported that a cabinet meeting held last week approved the Inter-governmental Agreement on Trans-Asia Railway Network.
"Approval of the agreement is a demonstration of the government's commitment to enter into the Trans-Asia Railway Network. This will greatly facilitate movement of people and goods via Nepal to other Asian and European countries," railway department director general Ram Kumar Lamsal stated to Republica.
"We will immediately send the ratification paper to UN once the parliament ratifies it."
The agreement was signed in Busan, South Korea under the UN Economic and Social Commission Asia and the Pacific. Along with Nepal, Armenia, Azerbaijan, Cambodia, China, India, Indonesia, Iran, Kazakhstan, Laos, Mongolia, South Korea, Russia, Sri Lanka, Tajikistan, Thailand, Turkey, Uzbekistan and Vietnam are signatories to the agreement.
Thus far, China, India, Thailand, Cambodia, Mongolia, Tajikistan, Russia and South Korea have ratified the agreement.