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Stakeholders Plan to Increase Nepal’s Export to US$ 7 Billion by 2025   

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Stakeholders Plan to Increase Nepal’s Export to US$ 7 Billion by 2025   
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August 20: The Federation of Export Entrepreneurs of Nepal has targeted to expand the export size up to US$ 7 billion by 2025. The federation further said it aims to increase the export by Rs 2 billion in the next three years.    
During a virtual meeting with the representative of diplomatic missions of 40 countries on promotion of exports on Thursday, the Federation stressed on increasing domestic products and export to make the country prosperous.    
The diplomatic missions agreed to provide details on the need of goods to their countries and furnish recommendation to the federation.    
During the meeting, Chairperson of the federation and Provincial Assembly member of Gandaki  Province Ram Bahadur Gurung informed that they initiated dialogue with diplomatic mission in a bid to reduce Nepal's trade deficit.

"The federation has aimed at boosting agricultural and industrial productions and their export. Export of energy is another priority," he stressed.    
Currently, Nepal is exporting more than 950 goods to more than 120 countries. Development of industrial sector must be government's priority, he stressed.    
Carpet, readymade garments, pashmina, felt, handicraft products are some of the top export items. India is the largest market of Nepali products followed by the USA. -- RSS    

 

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