In the beginning four months of the current fiscal year, Nepal made the export goods equivalent to Rs 25.50 billion while made the imports of 190 billion, according to the Trade and Export Promotion Centre.
It is very huge gap in import and export reflecting economic slowdown.
Nepal exported the iron and steel items of Rs 3.83 billion, polyester and yarns of Rs 1.83 billion. Similarly, woolen carpet was in third highest rank of export earning Rs 1.80 billion and the textile in the fourth rank making the income of Rs 1.78.
Meanwhile, the Ministry of Commerce and Supplies held the first quarterly review meeting. The meeting was presided over by Vice-Chairman of the National Planning Commission, Dipendra Bahadur Chhetri.
In the meeting, Mr Chhetri said stressed the need to identify and develop the goods and services of comparatively advantage. For this, participation of private sector in cooperation of government was needed, he stressed.
Secretary at the Ministry Lal Mani Joshi said the Ministry had prioritized increased of local products and productivity in the remote and backward regions, development integrated supply system, ensure competitive but reasonable prices for quality goods.
In the meeting, chiefs of the Department of Commerce and Supply, National Trading ltd, Nepal food corporation, Nepal Oil Corporation, Salt Trading Corporation, Nepal Transit and Godawn Management Company and Nepal Inter Model transportation committee under the Ministry presented progress reports.
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