The Federation of Export Entrepreneurs has set a goal of increasing exports to $7 billion by 2025.
The Federation underlined the importance of developing local products and exports to make the country rich during a virtual conference today with representatives of diplomatic missions from 40 countries on the promotion of exports.
The diplomatic missions would provide information on the country’s need for goods and make recommendations to the Federation. On Thursday, it was revealed at a press conference.
Ram Bahadur Gurung, the Federation Chairperson and a member of the Gandaki Province Assembly, stated that they have begun talks with a diplomatic mission in order to minimise Nepal’s trade imbalance. “The Federation aims to increase agricultural and industrial production as well as exports. Another priority is energy export,” he stated.
Top export commodities include carpets, readymade clothes, pashmina, and phelt. The main market for Nepali products is India, followed by the United States.