National commitment: Target to reach global market via India’s waterways and China’s seaports
Summary
Nepal's government led by Prime Minister Balen Shah has unveiled an 18-point National Commitment focusing on economic growth, infrastructure development including utilizing India's waterways and China's seaports for trade, governance reform, and social inclusion. The agenda aims to transform the economy, expand international trade, and improve public services by 2026/27 and beyond.
Key Points
- The government plans to use India's inland waterways and China's seaports to expand Nepal's international trade access.
- An 18-point National Commitment integrates economic, governance, infrastructure, and social reforms based on major political parties' pledges.
- Economic goals include 7% growth, $3,000 per capita income, and raising GDP to nearly $100 billion within five years.
- Infrastructure development includes upgrading highways and developing a unified multimodal transport system linking highways, waterways, and airports.
