Government Updates Trade Deficit Reduction Plan

Kathmandu. The government has updated the 'National Action Plan for Trade Deficit Reduction, 2079' with the objective of controlling the country's growing trade deficit and promoting domestic production.

The first updated (2083) action plan, prepared by the Ministry of Industry, Commerce and Supplies, has set an ambitious target of increasing the ratio of exports of goods and services to the country's Gross Domestic Product (GDP) to 20 percent within the next 5 years.