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Vice President stresses on export promotion through import substitution

KATHMANDU: Vice President Nanda Bahadur Pun has emphasized on increasing the export by substituting the relentless import to get to the long-term goal of ‘Prosperous Nepal, Happy Nepali’.
Addressing to a programme organized by Nepal Freight Forwarders Association marking the 25th Cargo Day here today, he said there was no alternative to import substitution for making all Nepalis prosperous and happy.
“We have to import one or the other goods from the world market in the present world of globalization. However, we should give attention to importing only the goods, the production of which is not possible in the country. We should be able to supply our productions in the international market so that we can get more price than the goods we import,” the Vice President suggested.
Trade balance can be maintained, Vice President Pun said, only when we take the Nepali productions in the world market. He added that the campaign of a prosperous Nepal could be materialized only through increased export trade.
“We are rich in terms of natural resources. We have reached the stage of exporting hydropower. We can export water, herbal medicines and the gift of nature that we have, and the trade deficit could be reduced only by optimum utilization of this bounty,” he said.
Stating that agriculture, tourism, hydro-electricity, herbs, minerals, industry and infrastructures are taken as the basis of Nepal’s prosperity, he pointed out to the possibility of export growth by increasing production through modernization of agriculture.
“The service sector can be expanded with the development of tourism infrastructure and electricity could be exported. We can export quality products from herbs processing and mining. But the condition is that all our products should be of quality and high standard. Quality should not be compromised,” the Vice President emphasized.
He said the cargo traders have an important role to play in enhancing the country’s export trade and urged them to prioritize export than import. “There is nothing greater than the nation and it is also your responsibility to promote export trade for the nation’s benefit,” he said.
Stating the government was continuing with its efforts at promoting export trade, he called on the private sector to collaborate with the government towards that end.
“The government’s sole efforts are not sufficient to make a progress towards that direction. The government and private sector should work hand in hand for the same.”
Expressing his hope that Nepal would make a great stride in the sector of transportation within a next few years, the Vice President expressed his happiness over the ongoing infrastructure construction works ranging from railway to international airport. “Days are not so far to see the operations of small and medium-sized ships in Nepal’s rivers,” he said.
He personally believed that we needed not to wait for long to witness the operations of railway and water ways services. “It will connect us to the sea access, causing convenience to cargo traders.”
VP Pun was of the view that only positive thoughts, vibes and actions and collective efforts were required to realise development potentialities and we feeling was necessary for the welfare of nation. “Where will we be and how we can stay alive if the nation sinks,” he questioned, calling upon all to think and contribute for the sake of nation first from respective positions. He was hopeful the government would take initiation to address the issues existing in cargo business.
Secretary at the Ministry of Industry, Commerce and Supply, Kedar Bahadur Adhikari, highlighted the importance of cargo traders in the international trade, urging them to play a role for minimising trade deficit. He added the government had laid a focus on the promotion of transportation business. Tremendous efforts had been made to ensure Nepal’s access to sea.
Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Bhawani Rana presented an idea for infrastructure expansion for diversifications of export. She took time to call for the advanced technology in transportation business.
Confederation of Nepalese Industries (CNI)’s president Shatish Kumar Mor said that the cargo entrepreneurs had played an important roles in reducing the trade deficit and drew the attention of the government towards developing physical infrastructures for the cargo sector.
Similarly, Indian Cargo Entrepreneurs’ Federation president S Ramakrishna Rao argued that prosperity was possible through the collective efforts of the cargo entrepreneurs of India and Nepal.
Federation’s President Prakash Singh Karki urged the concerned authority to amend the acts, laws related to cargo for further expanding its business. He pressed for developing the cargo-friendly physical infrastructures.
He pledged that Federation was ready to cooperate for the facilitation of trade.
On the occasion, individuals and organizations playing crucial roles in the import, export and cargo business were honoured.
The Cargo Uplift Award -2018 was given to Qatar Airways, Cathey Pacific Cargo and Thai Airways under online while Emirates Sky Cargo was awarded with the same award under offline.
On the occasion, VP Pun inaugurated the Federation’s building at Kalopul. There are altogether 118 cargo companies affiliated with the Federation.

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