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Government to Tighten Import of Luxurious Goods

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Government to Tighten Import of Luxurious Goods
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January 30: With the objective of promoting domestic products, the government is preparing to check the massive flow of imports from foreign countries. The Ministry of Industry, Commerce and Supplies has been preparing to restrict imports of different luxurious goods.

The ministry has already sent the list of luxurious goods to the Office of the Prime Minister and Council of Ministers (OPMCM) for review. According to Nawaraj Dhakal, secretary at the ministry, the decision on one hand will prevent Nepal from becoming a ‘dumping site’ and on the other hand it will also promote domestic products.

Secretary Dhakal told New Business Age that import of some products at low rate has weakened the domestic production, so the ministry has prepared a list of products to limit their import.

Likewise, Pawan Golyan, chairman of Golyan Group, said the government needs to promote domestic products by keeping a check on imports. “If the government focuses on production, it takes no time for the country to achieve development,” he added.

It is noteworthy to mention that  the government, in 2009, had also prepared a list of luxurious items to limit their import.   

 

 

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