Nepal: Vice President worried at rising import of agro products
“Our trade deficit is widening with each passing year. We imported Rs 8 billion worth of vegetables and Rs 23 billion worth of rice from our neighboring countries in the last fiscal year. It is a matter of shame that the country with large stretches of fertile land has been importing agro products in such a large quantity,” Pun said.
Pun remains positive citing macroeconomic markers which have been pointing towards a better situation for the country's economy.
“It may be difficult for the country if the remittances continue to fall. The remittance inflow has become uncertain. So we have to boost our production,” he stated.
Conversions 12/1/2016:
1 RS = 0.0146293 USD
source: myrepublica.com
