Kathmandu: Nepal's Foreign Affairs Minister Narayan Khadka held a meeting with his Chinese counterpart Wang Yi in China's Qingdao on Wednesday and reiterated Kathmandu's unwavering commitment to the 'One China Policy', according to the statement released by the Nepalese Foreign Affairs Ministry.

Khadka also assured Wang that the Nepali territory will not be allowed to be used for any activity against China.

During the meeting, Wang reiterated China's continued and unconditional support for Nepal's sovereignty, independence and territorial integrity and assured support for the country's development endeavours as per the priority of the Kathmandu government. Wang also announced that they will provide 800 million RMB to Nepal for the year 2022.

"The two Foreign Ministers took stock of overall aspects of Nepal-China relations and cooperation and agreed to promote further cooperation in various sectors including trade, connectivity, investment, health, tourism, poverty alleviation, agriculture, disaster management, education, culture, and people-to-people exchanges, among others. Both sides expressed satisfaction over the progress made in a range of matters of bilateral cooperation since the official visit of the State Councilor to Nepal in March 2022," the statement reads.

Both the ministers expressed their commitment to the timely implementation of the agreements signed and understandings reached during high-level visits in the past. They agreed to expedite the implementation of China-assisted projects in Nepal.

During the meeting, the Chinese side assured the Nepali delegation that China will soon start the construction works of the second phase of the Kathmandu Ring Road Improvement Project.

Wang also announced that China will carry out the feasibility study of the Keyrung-Kathmandu Railway under the grant assistance. He also assured support for the pre-feasibility study of the Nepal-China cross-border transmission line as agreed during his official visit to Nepal in March 2022.

Upon the request of the Nepali side, the Chinese side assured that it will positively consider providing chemical fertilizer to Nepal and study the feasibility of establishing a chemical fertilizer factory in Nepal.

"The State Councillor and Foreign Minister of China agreed to assist Nepal's agricultural sector. He also agreed to encourage Chinese investment in developing the manufacturing capacity of Nepal and enhance cooperation in the export of Nepali tea and traditional medicinal herbs," the statement noted.

Chinese Foreign Minister also announced to provide Nepal with 3 million RMB worth of disaster relief materials as per the Kathmandu request. China will also provide Nepal with an additional 2 million RMB worth of medical items and logistics. Apart from these, China will provide additional COVID-19 vaccines and COVID-19-related medical assistance as much as Nepal may require.

"The two Foreign Ministers also exchanged views on continuing cooperation in various regional and multilateral forums on matters of mutual interests," the statement added.