KATHMANDU, Nov 14 (Xinhua): Nepal's trade with the seven other South Asian countries grew by 8.2 per cent to 161.22 billion Nepali rupees (some 2.5 billion US dollars) in 2006/07, a government report stated today.
The annual report of the Trade and Export Promotion Centre ( TEPC), however, noted that the country's trade growth in the South Asian Association for Regional Cooperation (SAARC) region for the year was much slower compared to the previous fiscal year.
In 2005/06, the trade volume had swelled by about 16 per cent.
"This situation emerged mainly because of internal reasons, such as deterioration in the security situation, erosion of industrial environment, labour stir and the tarai unrest," executive director of TEPC Dinesh Chandra Gupta said.
He further said that the failure of the government to update its industrial and commerce policies and poor state of economic diplomacy also caused trade to slow down during the year.
Nepal's trade with SAARC nations grows
FE Team | Published: November 15, 2007 00:00:00 | Updated: February 01, 2018 00:00:00
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