Nepal prime minister Madhav Kumar Nepal said the finalisation of a new bilateral trade treaty was one of the "major achievements" of the visit.
Describing his maiden India tour as "highly satisfactory", Nepal prime minister Madhav Kumar Nepal today said the finalisation of a new bilateral trade treaty was one of the "major achievements" of the visit.
"The visit has helped to further strengthen bilateral relations and expand mutual cooperation and trade," he told reporters after arriving at the Tribhuvan International Airport here after completion of his five-day official trip.
India has pledged to provide huge financial assistance to Nepal for different projects including those relating to roads, security, and for completion of various pending works, the premier said.
"The finalisation of the trade treaty and the pledge of grant assistance by India were major achievements of the visit," the 56-year-old said.
The Communist Party of Nepal-UML leader said India will also provide help to establish a police academy in Nepal and provide equipment to strengthen Nepal Police in order to help improve the law and order situation in the country.
During the visit, the two sides initialed a revised trade treaty and an agreement to control unauthorised trade, particularly from a third country.
The two countries also agreed to review the 59-year old bilateral Treaty of Peace and Friendship which has been the subject of much criticism in the Himalayan state.
Nepal said a wide range of issues were discussed during the bilateral talks he held in Delhi with the top Indian leadership, including his counterpart Manmohan Singh.
"The visit has added a new dimension to the existing bilateral relations between the two countries," the prime minister said adding that the trip has helped to create an atmosphere of "trust and mutual understanding".
He said the new trade treaty would help expand bilateral trade between the two countries and also provide more access to Nepalese products in Indian markets.
The treaty has provisions that it would be renewed in every seven years instead of five years at present.
Nepal said the two sides also discussed issues relating to improving border security, increasing Indian investment, security issues and matters relating to moving forward the stalled Pancheshwor hydropower project.
India has conveyed that construction of two integrated check posts at Birgunj-Raxaul and Biratnagar-Jogbani at an estimated cost of Indian Rs 200 crore will commence soon.
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