The government has stepped up efforts to revise the products and services listed on the Nepal Trade Integration Strategy (NTIS) 2010.
The Ministry of Commerce and Supplies (MoCS) has shortlisted two firms and an individual—among whom one will be selected—for assessing the performance of the existing products and services under the NTIS, and recommending exclusion of low-performing ones and inclusion of new ones.
The shortlisted individual and firms are Murari Prasad Gautam Upadhyaya from Baluwatar, Kathmandu, Institute for Research and Development, Kalimati, and PACE Nepal, Anamnagar. “The NTIS Review and Update Steering Commission will hire one of the three as consultant,” said Buddhi Prasad Upadhyaya, project manager at the Enhanced Integrated Framework (EIF) at the ministry.
He said a revision of the four-year-old strategy has been necessary to make it compatible as per the changed context. “For example, honey was being exported well initially, but the export has dipped to almost nil now. We have to decide whether to continue this product,” he added. Besides honey, a few other products, including silver jewellery, are also not doing well, while the products excluded from the list, including readymade garment and carpet, are re-emerging.
There are 19 products and services (12 products and 7 services) under the NTIS 2010. The products include pashmina, handmade paper, honey, ginger, lentils, tea, noodles, cardamom, iron and steel, woollen products, medicinal herbs/essential oils and silver jewellery. The services include tourism, labour service, hydroelectricity, health, engineering, education, information technology and business process outsourcing.
The government , with the EIF support, has been implementing various programmes for the promotion of these products and services since the commencement of the project. Despite the government ’s plan to increase exports of the NTIS products and services by launching intensive programmes, the performance has not been satisfactory.
According to the Trade and Export Promotion Centre (TEPC), exports of the NTIS products grew by 11 percent to Rs 26.85 billion in the last fiscal year. In the first six months of this fiscal year, exports of silver jewellery, ginger, medicinal herbs and lentils fell heavily, while iron and steel, tea and woollen products grew marginally.
Upadhyaya said that while revising the NTIS, they would also assess other commodities with high export potential.
Source
The Ministry of Commerce and Supplies (MoCS) has shortlisted two firms and an individual—among whom one will be selected—for assessing the performance of the existing products and services under the NTIS, and recommending exclusion of low-performing ones and inclusion of new ones.
The shortlisted individual and firms are Murari Prasad Gautam Upadhyaya from Baluwatar, Kathmandu, Institute for Research and Development, Kalimati, and PACE Nepal, Anamnagar. “The NTIS Review and Update Steering Commission will hire one of the three as consultant,” said Buddhi Prasad Upadhyaya, project manager at the Enhanced Integrated Framework (EIF) at the ministry.
He said a revision of the four-year-old strategy has been necessary to make it compatible as per the changed context. “For example, honey was being exported well initially, but the export has dipped to almost nil now. We have to decide whether to continue this product,” he added. Besides honey, a few other products, including silver jewellery, are also not doing well, while the products excluded from the list, including readymade garment and carpet, are re-emerging.
There are 19 products and services (12 products and 7 services) under the NTIS 2010. The products include pashmina, handmade paper, honey, ginger, lentils, tea, noodles, cardamom, iron and steel, woollen products, medicinal herbs/essential oils and silver jewellery. The services include tourism, labour service, hydroelectricity, health, engineering, education, information technology and business process outsourcing.
The government , with the EIF support, has been implementing various programmes for the promotion of these products and services since the commencement of the project. Despite the government ’s plan to increase exports of the NTIS products and services by launching intensive programmes, the performance has not been satisfactory.
According to the Trade and Export Promotion Centre (TEPC), exports of the NTIS products grew by 11 percent to Rs 26.85 billion in the last fiscal year. In the first six months of this fiscal year, exports of silver jewellery, ginger, medicinal herbs and lentils fell heavily, while iron and steel, tea and woollen products grew marginally.
Upadhyaya said that while revising the NTIS, they would also assess other commodities with high export potential.
Source
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