Friday, June 12, 2020

Export promotion law in the offing

Kathmandu, 13 June :  With an aim to promote export of goods produced at home by the use of domestic labour and skills, and raw materials, the government has proposed a new law for export promotion and trade deficit reduction is registered at the Federal Parliament Secretariat and given to the lawmakers for the study, according to Parliament Secretariat.

As mentioned in the bill, priority is given for the exports of goods and services that are produced with the use of domestic human resources, and raw materials and would be given special facility and subsidy for their promotion.The bill has  provisioned  purchase, processing or packaging on behalf of the government for establishment of export entity.

People’s News Monitoring Service

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