The trade deficit of the country already reached NPR 366.88 billion (USD 2.76 billion) during the initial three months of the FY 2023/24, spanning from mid-July to mid-October.
The Israel-Palestine war has been dragged on since decades. Hospitals in Gaza have been reported of running low on supplies and fuel, putting lives of people at a further risk.
The National Planning Commission (NPC) estimates a minimum annual budget of NPR 1.1 trillion (USD 8.27 billion) from the government alone to achieve the targets within the 2016-2030 timeframe.
India pushed for the inclusion of the African Union and has received a lot of appreciation. Why is this important for Nepal?
In FY 2022/23, Nepal’s most-imported product was high-speed diesel, totaling NPR 153.769 billion, which is remarkably close to its total exports of NPR 157.14 billion for the entire year.
NTIS 2023 has included some of the implementation and assessment measures required for the success of the strategy. The strategy proposes additional roles and responsibilities for the multilateral trade and trade facilitation division including facilitation of good and services trade, gathering and analysis of trade market intelligence data, etc.