Nepal’s exports of goods and services could grow by up to 112 percent within five years if major obstacles to trade are removed, according to a study released Tuesday by the Asian Development Bank (ADB), the Nepal Economic Journalists Society (SEJON) and SAWTEE.
The report, titled “Obstacles and Supporting Aspects of Nepal’s Goods and Services Exports,” was jointly made public in Kathmandu. It identifies barriers affecting exports and says addressing them could significantly boost the country’s outbound trade.
Study points to export growth potential
The projected increase is conditional on removing major obstacles, the study says. It focuses on both goods and services exports, highlighting the potential for stronger trade if the barriers it identifies are addressed.
The report was prepared and released jointly by ADB, SEJON and SAWTEE. Its findings frame the removal of export obstacles as an important step toward increasing Nepal’s goods and services exports over the next five years.
