Nepal signed agreement with China to extend the strategic Tibet rail link to Nepal

Nepal signed 10 agreements with China on 21 March 2016 in Beijing. 
•    These include a landmark transit treaty to end its total dependence on India and extension of the strategic Tibet rail link to Nepal.
•    The agreements were signed during the Nepalese Prime Minister KP Sharma Oli’s maiden visit to China and held wide-ranging talks with Chinese Premier Li Keqiang and called on President Xi Jinping.
•    China firmly supported efforts of Nepal to safeguard sovereignty, independence and territorial integrity as well as the Nepali people's choice of development path. 
•    China also promised that it will not interfere in internal affairs of Nepal.
•    The two countries have also started working on the first draft of a free trade agreement.
•    Oli also discussed with China to establish a rail network connecting different cities in the country. 
•    This is besides the plan to extent the Tibetan railway to the Nepal border.
•    Beijing also offered concessional loan for a new airport in Nepal's Pokhara and a feasibility study for oil and gas survey projects.
•    Oli showed interest in utilising Chinese seaports for its international trade and the same was informed to China's official Xinhua news agency. 
•    It is likely to end monopoly of New Delhi over Nepal’s trade through Haldia port in West Bengal.