Prime Minister Sher Bahadur Deuba today inaugurated Nepal's first Chobhar Dry Port, built with the objective of facilitating the country's international trade.
Prime Minister Deuba cut the ribbon hanging at the main entrance and inaugurated the port by allowing three cargo vehicles to enter. At the ceremony, Prime Minister Deuba expressed confidence that the construction of Nepal's first dry port would be a milestone in developing the capital Kathmandu as a hub for international trade.
He expressed the belief that its role in facilitating export trade would be special and that the services including customs clearance, quarantine etc. would be available in one place, which would help in reducing the cost and reducing the administrative process.
Prime Minister Deuba said that the port would also help in export promotion by enhancing transparency by facilitating trade. He said that the port would make trade from Kathmandu Valley more convenient and make it more competitive and effective by reducing the cost of goods or services.
Noting that the cumbersome administrative process is still a problem in Nepal's high foreign transit, the Prime Minister said that such quality trade infrastructure would help to address it.
"Dry ports and integrated check posts are important structures to make trade infrastructure management and competitive by developing the country's foreign trade in a sustainable and balanced manner," said Prime Minister Deuba. We have been giving priority to upgrading the corridor. ” He pointed out the need to build such structures in the promotion of international trade, which is considered the engine of economic growth.
Prime Minister Deuba said that the trade deficit could be reduced by increasing the competitiveness of Nepal's industrial goods and exporting Nepali goods to the international market. He also said that it would attract domestic and foreign investors and would help in industrial development and job creation in the country.
The Prime Minister assured that the government was committed to creating an environment for investment and industrial development in the country, bringing various programs for the improvement of necessary policy and procedural framework and giving continuity to it.
He added, "In order to reduce the growing trade deficit, it is necessary to focus on indigenous raw materials and products based on indigenous skills on the one hand and development of trade-based infrastructure on the other hand to reduce the cost of import and export."
He said that it was important to simplify and reduce the existing procedural complexities in foreign trade. He said that the government is ready to cooperate with the private sector by solving the problem.
He also called upon all the industrialists to increase the export capacity by increasing investment in the productive sector based on indigenous raw materials with the competitive capacity of Nepal to reduce the trade deficit and assist in the management of unproductive and luxury goods. Prime Minister Deuba also said that the objective would be achieved if the infrastructure could be managed efficiently by operating at full capacity.
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