MoFA furnishes suggestions to reduce impact of ongoing tensions in West Asia

Kathmandu, May 8: The Ministry of Foreign Affairs has released a report suggesting the measures on how the government could develop an action plan containing short to long-term efforts in order to reduce impact of ongoing tensions in West Asia. 

During a press conference held on Friday, Ministry Spokesperson Lok Bahadur Paudel Chhetri shared major points of the inter-ministerial high-level task force that was established to study the West Asia crisis and its impact in Nepal. The report stresses the need for the government to create comprehensive policies and action plans so that diverse impacts of this adversity could be minimized.

Spokesperson Chhetri said the Ministry was closely observing the current situation in West Asia. It has both direct and indirect consequences on various aspects of Nepal's economy, agriculture, industry, tourism, trade, investment, foreign employment, remittances, foreign currency reserves, balance of payments and the supply of energy, fuel, food and medicine.

He underscored implementation of policy level decisions to lessen the adverse effects. "The repercussions of war befall developing countries like ours at different times," he said, adding that timely policy measures are essential to avert adversity triggered by the conflict. 

According to the Ministry, around 1.8 million Nepalis work in the Gulf countries, playing vital role in propping national economy through remittance. Chhetri also mentioned that the livelihood of many Nepalis is influenced by the West Asia region, highlighting the report's findings on the impact of rising prices across sectors spanning agriculture to industry. (RSS)