Kathmandu, 25 July: Import from Bangladesh to Nepal has recorded a rise in the previous fiscal year compared to export. Nepali goods worth Rs. 67.38 million was exported to Bangladesh while goods worth Rs. 7 billion 157 million was imported into Nepal in the fiscal year 2077/78, according to the Mechi Customs Office. The data from the previous fiscal year shows that the trade deficit with Bangladesh stood at Rs. 6 billion 483 million.
The import from Bangladesh is increasing while export from Nepal is decreasing every year. The trade deficit with Bangladesh in financial year 2076/77 was Rs. 3 billion 999 million. Until the financial year 2071/72, export of agro products to Bangladesh from Nepal was high but it came down following the year after Bangladesh government increased customs duty on such products from Nepal.
People’s News Monitoring Service
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