न्यूज अभियान
हरेक खबर विशेष खबर

Kathmandu, Oct 16: Economic and trade experts have stressed the need for immediate action to change potential challenges into opportunities while ensuring Nepal's graduation from the status of the Least Developed Country (LDC).
Nepal's preparation for LDC graduation warrants adequate attention both from the government and private sector sectors, they argued during a national dialogue organized by the Federation of Export Entrepreneurs Nepal (FEEN) with the support of the International Labour Organization, 
According to the experts, if the timeline for graduation is extended, this period must be utilized to enhance export capabilities, improve product quality and widen access to international markets. 
Effective implementation of government policies are aimed at export promotion and industrial development. Priority to the resolution of practical issues faced by the private sector; creation of export-friendly environment; capacity development of small and medium export-oriented enterprises; reduction of production costs, and enhancement of productivity and competitiveness are other are requiring equal attention. 
FEEN president Govinda Prasad Ghimire said time has come for reducing production cost, enhancing product quality, increasing productivity and enabling competitive edges. The competitive capacity of Nepali products in the international commerce is instrumental in achieving the goal, according to him.
He also reminded the value of collaborative approach between the government and private sector for meaningful LDC graduation.
The discussion concluded with a consensus that the LDC upgrade should be viewed as an opportunity rather than merely a challenge, with immediate preparations deemed essential for leveraging potential benefits. 
Prakash Sharma who looks after LDC Graduation Project at the International Labour Organization viewed the graduation transition should be taken as a strategic opportunity rather than obstacle. 
Joint secretary at Ministry of Foreign Affairs, Krishna Prasad Dhakal committed to strengthening the private sector for better competitiveness in the global market. 
Executive director at the South Asia Watch on Trade, Economics and Environment (SAWTEE), Dr Paras Kharel, made a presentation on the LDC graduation transition.