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Chamber suggests trade facilitation for export to promote export



chamber-suggests-trade-facilitation-for-export-to-promote-export

By A Staff Reporter
Kathmandu, Jan. 26: Nepal Chamber of Commerce (NCC) has suggested the government for trade facilitation in a way it supports the promotion of export business.
“It is necessary to manage export rather than checking it. The government should expand the scope of the tax rather than increasing the rates,” NCC President Rajendra Malla said at a programme organised on Tuesday to mark the 70th International Customs Day.

He said that the businessmen had to undergo unnecessary troubles as the government failed to implement the one-door system. He urged to implement a fully digitilised system in customs administration.
He drew attention of Finance Secretary Madhu Kumar Marasini to the worsening economic situation in the country as most of the economic indicators were negative. “The government should conduct a review of its policies and plans as well as implementation modalities since the trade deficit has reached Rs. 880 billion.

In response, Marasini maintained that although indicators were negative, economy has not reached the worst level.
He also said that the pressure on the economy was created by the increased economic activities after the second wave of the COVID-19. He reiterated that the country would achieve the economic growth target set by the government.

On the occasion, NCC honoured Director of the Department of Customs Ram Prasad Regmi for his excellent service at the office. Regmi has served at the department for 15 years.