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.
The prolonged period of trade deficit has hiked tensions in the nation and poses a considerable risk to the nation’s economy.
Manufacturing will take longest to recover as problems with power have been compounded with the disaster.