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Export of major commodities last fiscal down

  

HIMALAYAN NEWS SERVICE

KATHMANDU: Export of major commodities to third countries in fiscal year 2012-13 declined, as compared to fiscal year 2011-12.

According to central bank’s statistics, in fiscal year 2012-13, exports of major commodities that are handicraft products (metal and wooden), Nepali paper and paper products, pashmina, readymade garments, silver jewellery and woollen carpets decreased by 58 per cent, 58.4 per cent, 48.8 per cent, 23 per cent, 30.6 per cent and 12.4 per cent, respectively.

“Lack of proper export incentives and other promotional programmes are the main reasons for the decline in the export of major exportable commodities of the country,” claimed exporters.

According to them, the government must be serious about properly implementing plans and programmes for the promotion of export based industries, which will help in the overall exports of major exportable products.

“The other reasons that have directly affected the production capacity of industries in the country are lack of effective policies and the perennial labour disputes,” exporters pointed out.

They also said that the government has increased the minimum wage for labourers but it has not shown any concern regarding the problems that industries are facing due to the lack of implementation of cash incentive programmes and other export promotion programmes, which have been mentioned in the budget.

Meanwhile, exports of handicraft products and readymade garments to India in the last fiscal year decreased by more than 50 per cent. According to statistics from Nepal Rastra Bank, exports of handicraft goods to India decreased by 69.7 per cent, while exports of readymade garments fell by 61.6 per cent.

However, exports of pashmina products to India observed a slight improvement with an increase of 32.9 per cent as compared to fiscal year 2011-12, states the central bank data.

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