A six-point memorandum of understanding (MoU) on inter-parliamentary cooperation has been signed between Nepal and China on Monday. Speaker Agni Prasad Sapkota and Li Zhanshu, Chairman of the Standing Committee of the National People’s Congress of China, signed the MoU at the Parliament building in New Baneshwor this evening. Both the countries have agreed to respect each other’s independence, sovereignty and territorial integrity and respect each other’s freely chosen social system and development paths and support each other’s core interests and important concerns.

According to the agreement, both sides have agreed to give priority to high-level visits and exchange of contacts between the Legislature of Nepal and the People's Republic of China.

Chinese Speaker Li had arrived in Kathmandu on a four-day visit to Nepal on Monday. He is scheduled to meet Prime Minister Sher Bahadur Deuba and Foreign Minister Narayan Khadka on Tuesday. The Chinese leader will pay a courtesy call on President Bidya Devi Bhandari on Wednesday.