SATV 8 May, Kathmandu: The Minister of Industry, Commerce and Supplies, Hon. Damodar Bhandari, highlighted the government’s efforts to boost domestic production, consumption, and the export of local products to the international market. Speaking at the inauguration ceremony of the 10th Nepal International Trade Fair, organized by the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) in collaboration with the Ministry of Industry, Commerce, and Supplies and the Trade and Export Promotion Center, Minister Bhandari outlined various initiatives undertaken by the government to counter economic recession and restore positive growth. He also encouraged private sector investment in production, noting that China now allows zero-customs duty on over 5,000 Nepali products, presenting a significant opportunity for local businesses.
The five-day fair, running from May 8 to May 12, aims to promote Nepali brands and products globally, strengthen ties with the international economy, and improve the country’s current economic challenges. The event is expected to attract over 20,000 visitors and buyers. Supported by the Lalitpur Chamber of Commerce and the Federation of Handicrafts Association of Nepal, the trade fair will feature over 300 stalls from various countries, with significant participation from China, India, Bangladesh, Pakistan, and Thailand.
During the opening ceremony, FNCCI Senior Vice-President Anjan Shrestha addressed Nepal’s critical economic situation, urging the government to take swift action. He also expressed concern over the lack of a proper exhibition hall in the country, which discourages international investors. However, he praised the government’s recent efforts, particularly the introduction of the alternative investment bill, calling it a commendable step.
Chinese exhibitors are showcasing transmission equipment, electrical appliances, automobiles, food and beverages, dairy products, kitchenware, garments, and smartwatches. Meanwhile, Pakistani stalls feature leather goods and garments, and Bangladeshi garment traders have a strong presence. Turkish luxury items are also drawing significant attention.
For the first time, a delegation from Hainan Prefecture, Qinghai Province (China), is participating, displaying products such as Tibetan incense, yak milk products, highland barley items, and handmade carpets. Delegation leader Ren Qing stated, “We aim to use Nepal as a gateway to explore the South Asian market and promote Qinghai’s brands and specialties internationally.”
The fair also highlights Nepali handicrafts, tea brands, pashmina, carpets, and detergent products, which are expected to attract international buyers. Beyond boosting economic activity and investment, the event fosters stronger ties with neighboring countries.
