Thursday, September 6, 2012

Local products' promotion will help bridge trade deficit

The country should focus on promoting products and services that have competitive and comparative advantages to bridge the ballooning trade deficit, according to caretaker prime minister Dr Baburam Bhattarai.
Inaugurating the 'Made in Nepal' exhibition, here today, he said that at a time when globalisation has provided consumers more choices, Nepali entrepreneurs should produce quality products and deliver their consignments on schedule to take advantage of globalisation.
"Nepali tea, coffee, cardamom, honey, agro products, pashmina and handicrafts should be developed as local brands to compete in the international market," he said, asking for more investment in health, tourism and education to generate more employment and promote the service sector.
However, lack of basic infrastructure like electricity, strained labour-management relation, difficulty in accessing finance and market, lack of forward and backward linkages, and a not so investment-friendly environment are some of the bottlenecks hindering the promotion of local products, making the country more dependent on imports.
The country's imports stood at Rs 461.67 billion, but the export receipt stood at a mere Rs 74.26 billion, accounting for a huge trade deficit of Rs 387.41 billion due to the government's failure in promoting exports of local products and encouraging entrepreneurs.
Organised by the Nepalese Young Entrepreneurs Forum (NYEF), the third edition of the 'Made in Nepal' exhibition that will be held till September 9, is not only expected to demystify the myth that 'Nepal cannot even produce a needle', but also promote quality local brands.
"The event will help promote locally manufactured products in the domestic market," said immediate past president of NYEF and exhibition coordinator Anuj Kumar Shrestha. "The four-day exhibition with a slogan 'Aafno Bhaneko Aaphnai Ho', is expected to provide a platform to entrepreneurs to promote their local brands and provide better services to consumers under one roof.
Speaking on the occasion, caretaker finance minister Barshaman Pun also hailed the efforts of the young entrepreneurs, and said that such exhibitions will help promote local brands and reduce the country's dependency on foreign products.


Anonymous said...

Hey There. I found your blog using msn. This is a very well written article.
I�ll be sure to bookmark it and come back to read more
of your useful info. Thanks for the post. I�ll certainly comeback.

my website:

Anonymous said...

Excellent post. I was checking constantly this blog and I am impressed!

Extremely useful info specifically the last part :) I care for such info much.
I was looking for this particular info for a long time.
Thank you and good luck.

Take a look at my site -

Anonymous said...

ors which best match those requirements. Then he offers his recommendations and if each party agree, this broker formulates a legal contract between
the two parties.

My web site ... dating women sites

Anonymous said...

Hello, you used to write great, but the last several posts
have been kinda boring� I miss your tremendous writings. Past few posts are just a little out of track!
come on!

Feel free to surf to my site:

Anonymous said...

Somebody necessarily assist to make severely articles
I might state. This is the first time I frequented
your website page and up to now? I surprised with the analysis you made
to make this particular publish incredible. Wonderful job!

my page:

Anonymous said...

Thanks for expressing your ideas listed here. The other matter is that each time a problem arises
with a computer system motherboard, persons
should not have some risk of repairing that themselves for if
it is not done right it can lead to irreparable
damage to the full laptop. It's usually safe just to approach any dealer of the laptop for your repair of the motherboard. They have got technicians that have an knowledge in dealing with laptop computer motherboard complications and can carry out the right diagnosis and accomplish repairs.

Also visit my website :: dating & personals

Anonymous said...

I keep listening to the news broadcast lecture about receiving
free online grant applications so I have been looking around for the most excellent site to get one.

Could you tell me please, where could i acquire some?

my web-site; face book of sex

Anonymous said...

You really make it appear so easy with your

presentation but I to find this topic to be really one thing

that I feel I might never understand. It seems too complicated and extremely wide for me.

having a look forward for your subsequent put up, I will try to get the cling of it!

My blog post ...

Anonymous said...

These days of austerity and relative stress about getting debt, many individuals
balk against the idea of using a credit card to make purchase of merchandise or even
pay for a holiday, preferring, instead to rely on the tried and also trusted
procedure for making settlement - cash. However, in case you have the
cash on hand to make the purchase 100 %, then, paradoxically, this is the best time for them to use the credit cards for several good reasons.

Here is my web-site - facebook of sex

Anonymous said...

Magnificent goods from you, man. I have keep in
mind your stuff

previous to and you're just too magnificent. I actually like what you've received here,

really like what you're saying and the best way during which you are saying it. You are making

it enjoyable and you still care for to stay it smart. I can not wait to read much more from you. That is actually a

tremendous website.

my web blog -