FNCCI Vice President Hemraj Dhakal Urges Two-Year Delay in Nepal's LDC Graduation
Summary
FNCCI Vice President Hemraj Dhakal urges a two-year delay in Nepal's LDC graduation due to political instability and lack of preparedness, highlighting high logistics costs and inadequate export infrastructure.
Key Points
- Hemraj Dhakal, FNCCI Vice President, calls for a two-year postponement of Nepal's graduation from LDC status due to political instability and lack of preparedness.
- Dhakal highlights high logistics costs, ineffective customs services, and poor export infrastructure as significant challenges for Nepal's export sector.
- He suggests Nepal should follow Bangladesh's example in deferring LDC graduation to better prepare its economy and private sector.
- Dhakal stresses unity in the private sector and the need for supportive policies to protect key industries like pashmina and garments post-graduation.
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