Friday, September 17, 2021
Nepal Breaking NewsBusinessBy 2025, exports are expected to climb by $7 billion.

By 2025, exports are expected to climb by $7 billion.

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The Federation of Export Entrepreneurs has set a goal of increasing exports to $7 billion by 2025.

The Federation also stated it intends to expand exports by Rs 2 billion in the next years.

The Federation underlined the importance of 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 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 they have begun talks with a diplomatic mission in order to minimise Nepal’s trade imbalance. โ€œThe Federation to increase agricultural and industrial production as well as exports. Another priority is energy export,โ€ he stated.

currently exports over 9 items to more 120 countries. He emphasised the government’s goal should be the development of the industrial sector.

Top export commodities include carpets, readymade clothes, pashmina, and phelt. The main market for Nepali products is India, followed by the United States.

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