Promoting
Export
PRIME MINISTER Girija Prasad Koirala inaugurated the Nepal
Trade Fair-2000 in Kathmandu the other day, which was organised by Trade Promotion Center
with the objective of identifying the exportable items of Nepal and promoting Nepal’s
export trade. Addressing the inaugural function, Prime Minister Koirala
asked the persons engaged in the trade sector to concentrate their efforts in
diversifying Nepal’s trade and promoting export. The items displayed in the
trade fair range from handicrafts to agricultural products and manufactured goods.
At present Nepal’s volume of trade deficit is very big and this trend has been
continuously increasing every year. The export trade in Nepal is not that big in
comparison to imports. The government has, thus, made several efforts to narrow the trade
deficit through various measures including promotion of country’s export trade. It
has announced several incentives and facilities to promote export trade. It has been
realised that unless export is promoted, our trade deficit cannot be narrowed. Without
bringing down the trade deficit, country’s economy cannot be healthy. Despite several
efforts and policy measures announced by the government, the trade deficit has not yet
been reduced. It is thus very urgent to increase domestic production and boost Nepalese
export trade. For this, more investment especially foreign investment needs to be
brought to the country so that both production and export can be promoted,
which would narrow the trade deficit and contribute to boost Nepal’s national
economy. Against this background Nepal Trade Fair-2000 has been organised in Kathmandu in
which several prospective investors and those who are already engaged in export business
are also taking part on various capacities. In this situation, the trade fair is expected
to contribute to attract foreigns investment into Nepal and promote export of Nepalese
commodities abroad. However, such possibilities may be far-fetched ideas unless
domestic policies and progarmmes were made conducive enough to bring more investment,
increase production and promote exports. As said by Prime Minister Koirala, it is
imperative to protect, promote and encourage our export trade, so as to give a
definite direction to the country’s productive sector. The remarks of Prime
Minister Koirala are very appropriate in the sense that the government has been
committed to promote export trade in order to improve the economic condition of
the country. The trade fair shows that Nepal has much to offer to the rest of world
from which investors can benefit which in turn would also contribute to the overall
development of Nepal’s economy.
Other Story
|
