KATHMANDU, Jan 2: The government's efforts to narrow down trade deficit have yielded some positive results. However, it has hit the target of import tax collection, putting the government authority in pressure to manage financial resources from alternative sectors.
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.
Nepal is a food deficit country, importing both cereals and high-value agriculture commodities due mainly to slow agricultural growth rates. The government’s commitment to check the country’s ever widening trade deficit by boosting farm production is difficult to achieve unless implementation is improved.
KATHMANDU, July 29: Economists and experts of Nepal and India have stressed the need to increase the competitiveness of Nepali products and improve logistics services to gradually bring down Nepal's widening trade deficit with its southern neighbor.
KATHMANDU, June 15: In a recent statistics released by the Department of Customs (DoC) based on data from 23 major ports of Nepal, trade deficit of the country has risen to Rs 1,099.6 billion in the first 10 months of the current Fiscal Year 2018/19.
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.