皇冠体育app

KATHMANDU - Nepal's exports to 皇冠体育app surged four-fold over the first four months of the current fiscal year , reports said Thursday.

However, the surge in export remains insignificant compared to the country's import from the northern neighbor resulting in huge deficit for Nepal.

Trade and Export Promotion Centre statistics show that the export to 皇冠体育app surged to Rs 980 million ($11.15 million) in four months from Rs 240 million during the same period last year.

Handicraft items like metal crafts, pashmina and woollen products along with edibles including wheat flour, noodles and chocolates are among the major exports to 皇冠体育app, according to the TEPC.During the same period, the country imported goods worth Rs 24.76 billion that led to the swelling of Nepal's country's trade deficit with 皇冠体育app to Rs 23.78 billion.

"Increasing participation of Nepali entrepreneurs in trade fairs in 皇冠体育app along with rise in Indian tourists helped increase exports to 皇冠体育app," The Kathmandu Post quoted Rajesh Kaji Shrestha, president of Nepal-皇冠体育app Chambers of Commerce and Industry as saying.

With 皇冠体育app also providing duty free access to 7,787 Nepali products alongside those from other least developed countries, Shrestha expects Nepal's export volume to 皇冠体育app to grow further.

Traders here are hopeful that exports to 皇冠体育app would rise further once the proposed dry port at Larcha comes into operation. The of the dry port got underway last week after Commerce Secretary Lalmani Joshi and Chinese Ambassador to Nepal Yang Houlan laid the foundation stone at the project site.