KATHMANDU, September 7: Nepal needs to focus on newly-designed handicraft items from its conventional type to benefit the country largely from the export of the handmade products, say stakeholders.

KATHMANDU, August 25: Nepal’s export of electricity has exceeded the import amount in the past two days, which has given some respite to the country from energy trade.

KATHMANDU, June 18: The Supreme Court has issued an interim order against the government's plan to export sand, stones and pebbles to bridge the widening trade deficit.

KATHMANDU, March 22: Imports have risen as economic activities, which slowed down due to COVID-19, have resumed in the country. The import has increased as the consumption has increased in the country.

KATHMANDU, March 21: India has expressed concern over growing export of soybean oil from Nepal to India even as Nepal has extremely low production of its raw materials.

Nepal collects revenue of Rs 5 billion annually from import and export of Rs 20-25 billion worth goods though Tatopani border point.

KATHMANDU, Feb 1: The export of Nepali goods via Rasuwagadhi, an international trade gateway with China, has been suspended for a year and a half now.

KATHMANDU, Dec 20: Nepal is preparing to export 30 MW of electricity to India from next June.

KATHMANDU, Aug 28: Export earnings from goods identified by the Nepal Trade Integration Strategy (NTIS) 2016 as having high export potential fell by 18.65% in the last fiscal year, mainly due to lack of quality branding of products in the international market.

NEW DELHI, April 7: India, the world’s main supplier of generic drugs, has lifted restrictions on the export of 24 pharmaceutical ingredients and medicines made from them, the government said in a statement.

KATHMANDU, Jan 10: Nepal’s export is likely to take a hit with the Indian government’s decision to impose restriction on the import of palm oil.

KATHMANDU, Dec 16: The Department of Food Technology and Quality Control (DoFTQC) has begun upgrading its laboratory to provide internationally accepted quality certification on additional 75 parameters to facilitate exports of edible commodities.

KATHMANDU, Dec 15: Nepali handicraft, one of the main export items of the country, has never really picked up due to failure of maintaining quality assurance in the international market, traders said on Saturday.

KATHMANDU, Nov 30: Trade deficit of the country shrunk by 8.9% in the first four months of the current fiscal year – FY2019/20 to Rs 414.02 billion compared to the corresponding period of the previous fiscal year.

KATHMANDU, Nov 30: Exporters of Nepali food items to China now need to put product labeling in Chinese language with the northern neighbor making the new rule mandatory for all its food imports.

Five factories exit Bhairahawa SEZ

November 21, 2019 08:58 am

KATHMANDU, Nov 21: Nearly half a dozen industries, which were preparing to start operations in Bhairahawa Special Economic Zone (SEZ), have decided to move out, realizing that it would be impossible to meet the criteria to export at least 60% of their total productions.

KATHMANDU, Nov 2: Nepal’s trade deficit in the first three months of the current fiscal year declined by an impressive 12 percent, giving the country some respite from the ever-worsening balance of trade over the past several years.

Falling reserves

October 1, 2019 00:30 am

In county like ours whose economy is heavily dependent on imports, foreign exchange reserves should be adequate to sustain imports for at least eight months

KATHMANDU, Aug 21: In a major agreement that is expected to ease the import and export of various food items between the two countries, Nepal and India have agreed to recognize each other’s inspection, testing and certification of a number of exportable goods such as vegetables and fruits conducted by their relevant bodies.

49,000 bamboo stools exported to China

August 18, 2019 07:48 am

RASUWA, Aug 18: Nepal exported 49,451 bamboo stools from Rasuwagadhi border in the last fiscal year – FY2018/19.

DHARAN, July 6: Black Diamond Organic Pvt. Ltd. has started exporting organic bitter gourds produced by farmers in Belka Municipality of Udayapur district-the municipality that adjoins the eastern part of Sunsari to Qatar.

ILAM, July 6: Indian authorities have stopped Nepal’s tea exports from Kakarbhitta border from Friday.

KATHMANDU, June 29: Trade deficit widened by 17.4% in the first 11 months of the current fiscal year 2018/19 to Rs 1,211.97 billion.

KATHMANDU, June 23: Though the total exports of Nepal has been on a rising trend, albeit slowly, the case is opposite with China.

Making SEZs successful

June 13, 2019 01:25 am

Special economic zones are considered to be important vehicle for industrialization as development of such zones is intended to encourage domestic and foreign investment, create jobs, enhance production of goods and services and generate additional export. Neighboring countries India, China and Bangladesh have made substantial progress in increasing industrial production and export from the successful management and operation of special economic zones, also called SEZs.

KATHMANDU, May 30: The government has brought an array of tax breaks and incentives for export promotion and protection of domestic industries. It has also brought tax incentives to support industries based on agriculture.

RUKUM, April 20: Timber worth Rs 20 million is set to be extracted from a single village in Rukum in the current fiscal year. Preparations have been made to export timber worth Rs 18 million from two community forests alone in Bhume Rural Municipality-1.

Govt raises export cash incentive to 5%

February 16, 2019 10:57 am

KATHMANDU, Feb 16: The government has increased the upper limit of cash incentive to five percent of the total export value on certain goods and products.

KATHMANDU, Feb 14: President Bidya Devi Bhandari has stressed promotion of promoting export in the country in the wake of the ballooning trade deficit.

SINDHULI, Feb 4: Junar, Nepali sweet orange, is not eligible to be exported to the Chinese market owing to quality control issues imposed by the Chinese authorities.

BIRGUNJ, Feb 4: Ministry of Federal Affairs and General Administration has issued a circular to all 753 local units across the country, instructing them against levying taxes on production and exports.

KATHMANDU, Dec 28: Nepal's trade deficit widened by 36.11 percent to Rs 569.49 billion in the first five months of the current fiscal year 2018/19 compared to same period of the last fiscal year 2017/18 as exports growth fail to catch up the rapidly surging imports bill.

KATHMANDU, Dec 4: The Nepal-Bangladesh energy mechanism meeting held in the capital city on Tuesday has paved way to export electricity produced from the Upper Karnali Hydropower Project.

RASUWA, Oct 29: Nepali bamboo stools made by jail inmates are becoming popular in China.

KATHMANDU, Oct 26: The total trade deficit of the country has widened 45.92 percent in the first quarter of the current fiscal year 2018/19 to Rs 349.84 billion, driven by a sharp rise of import bill and sluggish exports growth.

CHINA, Oct 12: China's vast export engine unexpectedly kicked into higher gear in September, producing a record trade surplus with the United States that could exacerbate the already-heated dispute between Beijing and Washington.

BHARATPUR, Aug 27: Construction of a modern fruits and vegetables market in Chhetrapur of Chitwan is in the last leg.

POKHARA, July 20: Prime Minister KP Oli has said that Nepal should export its abundant mineral water through the cross-country railways which are expected to link Nepal to China and India in a few years.

KATHMANDU, July 15: Hike in ginger price was expected after India opened unhindered supply of Nepali fresh ginger effective from July 2. But price of this staple spice has seen a slight fall instead.

Vegetable, tea and coffee farmers in the eastern region have been expressing concerns from to time-to-time over the obstruction in export of their produce to the Indian market. They complain that the southern neighbor restricts their produces from entering enter its market stating fall in demands. Farmers rue that they are not able to export their produce to India though the demand is high. They lament that in absence of a fair import and export policy between the two countries, they are bound to suffer every year.

Vegetable, tea and coffee farmers in the eastern region have expressed concerns to time-to-time obstruction in export of their produce to the Indian market. They complain that the southern neighbor restricts their produces to enter its market stating shortage in demands.

DHANGADHI, July 1: Around two-thirds of the arable land in Province 7 does not have irrigation facilities. The other problems that farmers are facing include lack of improved seeds and fertilizers, according to Hema Raj Panta, a professor at Kailali Multiple Campus, Kailali.

INDIA, June 25: India has lowered the limits on the export of certain essential commodities such as potatoes, onions, and eggs to the Maldives, according to a recent notification, in a move that sparked reports of possible food shortages in the Maldives. This move, though ostensibly based on a new method of calculation, comes against the backdrop of a recent heightening of tensions between the two countries.

KATHMANDU, May 21: Nepal’s export to China via Rasuwagadhi customs jumped by nearly two and half times over the first nine months Fiscal Year 2017/18, compared to export figures of the same period a year earlier.

KATHMANDU, April 23: Biratnagar Customs Office became the largest export gateway of the country in the first eight months of FY 2017/18, a recent trade data published by the Department of Customs shows.

KATHMANDU, Feb 21: ​Export incentive program, which was introduced by the government in FY2011/12 to ramp up exports, has failed to achieve desired results, an analysis of country's export and incentive distribution shows.

ILAM, Jan 14: After a series of obstruction on the export of cardamom and ginger, Indian customs office at Panitanki is now obstructing the export of Nepal’s organic tea.

Export growth to China rises, India falls

November 20, 2017 08:28 am

KATHMANDU, Nov 20: Nepal’s export to China has seen a sizable growth in the first three months of Fiscal Year 2017/18, while export growth to India remains slow.

KATHMANDU, Oct 13: Government has launched product-specific strategies for enhancing the exports of coffee, tea, large cardamom, and hand-made paper and paper products, on Friday.  The product-specific strategies prepared with technical and expert support from International Trade Center (ITC) for selected products of 12 National Integrated Trade Strategies (NTIS) have 190 activities for the next five years.

GST hits ginger export to India

July 25, 2017 08:46 am

JHAPA, July 24: Export of Nepali ginger to India is in jeopardy following the imposition of Goods and Services Tax (GST) by India and indifference by Nepal government to take up the issue with India.