The Saarc Framework Agreement on Energy Cooperation was signed on Thursday afternoon aimed at trading electricity from one country to another and erecting trans-boundary power grids.
All the foreign ministers from the eight Saarc member countries signed the deal on behalf of their respective countries on the second and last day of the 18th Saarc Summit.Sri Lankan President Mahinda Rajapaksa, Afghan President Ashraf Ghani, Maldivian President Abdulla Yameen Abdul Gayoom, Indian Prime Minister Narendra Modi, Bangladesh Prime Minister Sheikh Hasina, Nepalese Prime Minister Sushil Koirala and Bhutanese Prime Minister Tshering Tobgay witnessed the signing at the City Hall of Nepalese Capital.
After the signing ceremony, the Nepalese Prime Minister said the ministers concerned of the all member countries would sit again within the next three months to discuss the Saarc agreement on motor vehicles and Saarc Agreement on Railway Service. – UNB
