trade deficit
Nepal’s Foreign Trade Declines Significantly, Imports Outweigh Exports
Nepal’s trade landscape reflects a concerning downturn, with foreign trade experiencing a substantial decline during the first ten months of the current fiscal year. Reports indicate a stark plunge of 36.69 billion rupees, painting a challenging picture for the nation’s economic outlook. As of April, Nepal’s total foreign trade stands at 1.429 trillion rupees, showcasing […]
Read More
Nepal’s Foreign Trade Sees Decline in Current Fiscal Year
Nepal’s foreign trade in the first nine months of the current fiscal year (FY 2080/081) has amounted to Rs 1.281 trillion, as per the Central Bureau of Statistics. Compared to the same period last year, which saw foreign trade at Rs 1.319 trillion, this year’s trade volume has decreased by 3 percent, equivalent to Rs […]
Read More
Nepal-Bangladesh Commerce Talks Set to Bolster Economic Relations
Nepal and Bangladesh are gearing up for a commerce secretary-level meeting in Kathmandu, focusing on fortifying economic ties and regional connectivity. However, the long-awaited bilateral Preferential Trade Agreement (PTA) won’t be addressed during the discussions, according to informed sources. The two-day meeting, to be chaired by Commerce Secretary Dinesh Kumar Ghimire from Nepal and Commerce […]
Read More
Nepal Government to tighten the credit for import of fuel based vehicles
The government of Nepal has announced plans to reduce the import of fuel vehicles and encourage the use of electric vehicles. The move is part of a broader effort to reduce the country’s trade deficit and improve its environmental sustainability. Under the new plan, the government will implement a number of measures to discourage the […]
Read More