The Chamber of Industry has furnished recommendations on the Nepal Trade Integration Strategy-2016 introduced by the Government of Nepal to slash growing trade deficit through the promotion of domestic goods in international market.
At a programme organized here on Saturday by the Chamber on the matters to be included in the upcoming amendment, Chamber Chairperson Subesh Pyakurel stressed the need to address the shortcomings surfaced in the 2016 strategy while formulating a new policy.
Saying that the export has not increased due to procedural hassles in the export, growing production cost and logistic expenses, transportation problem and lack of diplomatic dealing despite demand of peculiar Nepali goods in the international market, he noted, “The upcoming strategies should be outline to address the complexities seen in the export”.
On the occasion, Former Finance Secretary and special advisor to the commerce, Rameswor Khanal while presenting a paper on the Nepal Trade Integration Strategy, 2016 recommended developing an ecosystem inclusive of all sectors playing key roles in the enhancement of foreign trade.
He also stressed the need to strengthen the competitive capacity of the domestic industry as the backbone of the economic development and enable environment of collaboration between the government and private sector for promoting export. ---
Source: National News Agency Nepal