Kathmandu, Feb 27 : The visiting Chinese delegation led by Assistant Chinese Foreign Minister Liu Jieyi has handed over the draft of ''Peace and Friendship Treaty'' to acting Foreign Secretary Suresh Prasad Pradhan here on Thursday.
China proposed for a new Friendship Treaty in order to address the changed political situation after the abolition of monarchy in Nepal. The first Friendship Treaty between Nepal and China was signed in 1960.
The delegation said China hopes that the treaty could be signed during the Nepal Prime Minister Prachanda''s upcoming Chinese visit.
Prachanda is scheduled to visit China in the second week of April.