A task force formed to plan Nepal’s response to the changing dynamics of global commerce and utilise the free trade privileges given to the least developed countries has recommended adopting a country-wise trade promotion strategy and sorting out obstacles through bilateral talks.

In the last fiscal year, Nepal exported goods valued at Rs97.70 billion while its imports came to Rs1.19 trillion. The Department of Customs said exports made up a mere 7.5 percent of Nepal's total trade in the last fiscal year ended mid-July.

Despite the huge potential, Nepal’s export performance has been eroding due to lack of infrastructure, technology, skilled manpower, quality and standards, and market promotion.

https://tkpo.st/2MTb5Fk