Nepal’s Federation of Export Entrepreneurs plans to expand exports to up to $7 billion by 2025. In the next three years, the federation aims to raise export volume to $2 billion. In a recent virtual meeting on export promotion, the federation told representative of diplomatic missions of 40 nations that it wants to raise export to make the country prosperous.
It requested the diplomatic missions to provide details regarding the need for goods in their countries and furnish recommendations to the federation, according to media reports in the country.Nepal's Federation of Export Entrepreneurs plans to expand exports to up to $7 billion by 2025. In the next three years, the federation aims to raise export volume to $2 billion. In a recent virtual meeting on export promotion, the federation told representative of diplomatic missions of 40 nations that it wants to raise export to make the country prosperous#
The dialogue with diplomatic missions was initiated to reduce Nepal’s trade deficit by boosting agricultural and industrial productions and exports. Export of energy is also a priority.
Currently, Nepal is exporting more than 950 goods to more than 120 countries.
Carpet, readymade garments, pashmina, phelt are some of the top export items. India is the largest export market for Nepali products followed by the United States.
Fibre2Fashion News Desk (DS)
20240925092649.png)
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
