FEEN urges govt to focus on export promotion

By A Staff Reporter,Kathmandu, June 5: The Federation of Export Entrepreneurs Nepal (FEEN) has urged the government to focus on increasing exports, building national capital, creating employment, and substituting imports.

A delegation led by the newly elected President of FEEN, Govinda Prasad Ghimire, presented a seven-point memorandum, containing recommendations to the government, to Prime Minister KP Sharma Oli on Wednesday at the Prime Minister’s residence in Baluwatar. 

It urged the implementation of strategies prioritising economic growth and the export sector in the budget of the upcoming fiscal year 2025/26. 

It also drew attention to issues that had previously been overlooked, particularly at a time when the economy is in decline.

Ghimire emphasised the need to expedite the construction of the International Exhibition Centre to attract foreign buyers to Nepal. 

Similarly, in order to boost investment and tourism, FEEN has proposed declaring the period from 2026 to 2030 as 'Export Years' and called for enhanced cooperation between the government and the private sector.

In response, Prime Minister Oli assured that the government gives high priority to economic growth, employment generation, and increased tourism. 

He expressed commitment to addressing the genuine suggestions of export entrepreneurs and called for joint efforts to explore feasible and practical alternatives, even though it may not be possible to provide extensive incentives to exporters under the current circumstances.