May 22, 2024 07:21 am
Nepal’s total foreign trade declined Rs 36.69 billion in the first 10 months of the current Fiscal Year (FY) 2023/24. The records with the Department of Customs (DoC) show that Nepal’s total foreign trade stood at Rs 1.429 trillion during mid-July 2023 and mid-May 2024, down from Rs 1.466 trillion in the same period last year. The decline in the trade volume has been attributed to the ongoing economic slowdown of the landlocked country. The decline is also attributed to the decline in the consumption and investment in the country.