Making their second bilateral Summit in 2018, the two PMs held delegation level talks on may11, recalling their meeting in new delhi during the State visit of Prime menister Oli in April 2028 and agreed to maintain the momentum generated by the visit by taking effective measures for the implementation of all the agreements and understandings reached in the past .
- They also agreed that effective implementation of the bilateral initaiatives in agriculture, railway linkages and inland waterways development, as agreed upon by the two sides during the recent visit of PM Oli to India would have transformational impact in these areas. While reviewing the close and multifaceted relations between the two countries at different levels, the two PMs reiterated their resolve to work together to take bilateral relations to newer heights by strengthening ongoing cooperation in diverse spheres as well as expanding partnership for socio-economic development on the basis of the principles of equality, mutual trust, respect and mutual benefit.
- They emphasized the need for regular convening of bilateral mechanisms, including Nepal-India Joint Commission at Foreign/ External Affairs Ministers level, to review the overall state of bilateral relations, and for the expeditious implementation of the economec and development cooperation projects. The two PMs underscored the importance of trade and economic ties between both countries. Expressing concern over Nepal's growing reade deficit with India, PM Oli started the measures to address this deficit need to be taken.
- In this context, the two PMs welcomed the outcome of the recently held Inter-Governmental Committeemeeting on Trade, Transit and Cooperation to control unauthorized trade to jointly initiate a comprehensive review of the bilateral treaty of Trade, and to consider amendments to the Treaty of Transit and related Agreements with a view to further facilitating Nepal's access to Indian market, enhancing overall bilateral trade, and facilitating Nepal's trandit trade.
- The two PMs reiterated the importance of advancing cooperation in water resources for mutual benefit in areas such as river training works, inundation and flood management, irrigation and to enhance pace of implementation of ongoing bilateral projects. They also expressed satisfaction over constitution of the joint team, which will visit areas affected by floods and consider appropriate measures for sustainable solution.
- They underlined the catalytic role of connectivity in stimulating economic growth and promoting movement of people, they agreed to take further steps to enhance the economec and physical connectivity by air, land and water.
- Recognizing the vibrant people to people contacts and friendly bilateral ties, the two Prime Ministers derected the respective officials to expand cooperation in civil aviation sector, including early technical discussion on additional air entry routes to Nepal by respective technical teams.
