Kathmandu, Aug. 20
Senior Vice President of the Federation of
Nepalese Chambers of Commerce and Industry (FNCCI), Chandra Prasad Dhakal, has
said that the export of agricultural products should be increased to solve the
problem of foreign exchange reserves. In the aftermath of the COVID-19, amidst
growing imports, the country is facing external sector pressure and hard time
to save depleting foreign exchange reserves.
Addressing the first Annual General Meeting
of Nepal Broom Association (NBA) on Saturday, Dhakal said that the production
and export of agricultural produce should be increased to boost the foreign
currency accumulation in the country.
He said that he will take initiative as
senior vice president of the FNCCI to develop agriculture and solve the problem
it has been facing.
"I have heard that goods worth about
Rs. 4 billion were exported from this sector formally and informally last year.
It needs to be increased," he said.
He requested the NBA to prepare a list of
the problems they have been facing and pledged to take up the issues to the
private sector and government stakeholders to solve them.
He said that since Nepal is a landlocked
country, there is a problem when importing and exporting any item so emphasis
should be given to the development of agriculture, tourism and hydropower.
"If we can focus on only three things
like exporting agricultural produce, promoting tourism and exporting
hydropower, Nepal won’t have to rely on the remittance sector for foreign
exchange as it is now," Dhakal said.
Published in The Rising Nepal daily on August 21, 2022.
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