Nepal Launches National Strategy to Boost Service Exports and Reduce Trade Deficit
Summary
Nepal has launched the National Integrated Strategy for Service Trade 2083 to boost exports in IT, tourism, hydropower, and skilled manpower, aiming to reduce the widening service trade deficit.
Key Points
- Nepal introduced the National Integrated Strategy for Service Trade 2083 to promote service sector exports and reduce the trade deficit.
- The strategy prioritizes sectors like information technology, tourism, hydropower, construction services, and skilled manpower export.
- Tourism contributes the largest share of service exports at 37.15 percent, followed by business, government, transport, and IT services.
- An empowered coordination committee will oversee implementation to boost foreign exchange and create quality employment in service sectors.
