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The
role of public sector will be minimized and used
as a catalyst to expand the role of private sector
in trade.
A
liberal and dynamic trade policy will be pursued
with the objective to improve balance of payments
position by promoting exports to increase foreign
exchange earnings as well as by fulfilling
internal demand of economic and quality products.
Production
of quality goods and services will be increased
for internal consumption as well as for exports
through effective and appropriate utilization of
economic resources.
Special
efforts will be made to promote and diversify
trade both in the range of commodities and country
destinations.
Liberal
procedures will be adopted for encouraging
interactions between trade and industry for
sustained export promotion and for fulfillment of
internal demand through increased domestic
production. Emphasis will be given on modernizing
management and technology, on promoting market and
on attracting direct foreign investment in order
to identify and develop new products as well as
raise the production and quality of the
traditional products.
The
public sector trading corporations will gradually
be privatized taking into considerations the
development and efficiency of the private sector.
In
support to above policy measures, necessary
steps-as pre-conditions-relating to foreign
exchange, monetary and fiscal policies, will be
taken up towards (full ) convertibility of the
Nepalese currency in trade and service sectors.
For this purpose, major changes will be made in
the administrative procedures to make them simple,
transparent and dynamic.
Taxation
system will be simplified by introducing necessary
changes in order to foster competition in trade.
Emphasis
will be laid on institutional development and
information network as well as on monitoring
system and quality improvement for the promotion
of foreign trade.
The
existing trade treaties and agreements with
various countries and international agencies will
be effectively implemented and new ones will be
concluded, as and when necessary, for the
promotion of international trade
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General Section
