Trade Policy

The Trade Policy of Nepal 2009 (2065) was introduced to promote international trade, enhance export competitiveness, and integrate Nepal’s economy into the global market. It aims to make trade an essential tool for economic growth, employment generation, and poverty reduction.
This policy emphasizes a liberal, open, and competitive trade regime, encouraging both domestic and foreign investment in trade-related sectors.

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Vision:

To contribute to the national economy by developing Nepal as a dynamic and competitive trading nation, enhancing export capacity, and ensuring inclusive economic development through trade expansion.

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Main Objectives of Trade Policy 2009:

1. Enhance Trade Competitiveness:
   Improve the quality, productivity, and competitiveness of Nepalese goods and services in both domestic and international markets.
2. Expand Trade and Market Access:
   Diversify Nepal’s export markets and products while improving access to regional and global markets.
3. Promote Export-Oriented Industries:
   Encourage industries that can produce high-value, employment-generating, and exportable products.
4. Increase Employment Opportunities:
   Create jobs through trade expansion, industrial growth, and the development of trade-supporting infrastructure.
5. Integrate with the Global Economy:
   Strengthen Nepal’s participation in international trade organizations such as WTO, SAFTA, and BIMSTEC.
6. Encourage Private Sector Participation:
   Promote active involvement of the private sector in trade development and policy implementation.
7. Develop Trade Infrastructure:
   Strengthen logistics, transport, customs, and quality certification systems to support trade efficiency.
8. Ensure Inclusive and Sustainable Trade:
   Promote equitable benefits of trade across different regions, communities, and genders.

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Major Strategies of Trade Policy 2009:

1. Product and Market Diversification:
   Reduce dependency on a few products and markets by encouraging a wider range of export goods and trade partners.
2. Export Promotion:
   Provide incentives, subsidies, and technical support to export-oriented industries and entrepreneurs.
3. Trade Facilitation:
   Simplify customs procedures, develop dry ports, and improve trade routes for faster and cheaper movement of goods.
4. Development of Trade-Related Institutions:
   Strengthen institutions like the Trade and Export Promotion Centre (TEPC), Nepal Bureau of Standards and Metrology (NBSM), and Customs Department to support trade growth.
5. Human Resource Development:
   Build skills and capacity among workers, traders, and exporters to meet international trade standards.
6. Promotion of Services Trade:
   Encourage the export of services such as tourism, education, and information technology.
7. Regional and International Cooperation:
   Enhance trade relations through regional and bilateral agreements to expand market opportunities.

Tags Nepal export promotion, Nepal foreign trade policy, Nepal trade liberalization, Nepal trade strategy, objectives of trade policy in Nepal, TEPC Nepal, Trade Policy of Nepal 2009, WTO Nepal.