Prime Minister Sher Bahadur Deuba has inaugurated the country’s first-ever dry port at Chobhar amidst a program. The dry port was constructed to facilitate the country’s international trade.
PM Deuba inaugurated the dry port by cutting a ribbon and allowing three loaded vehicles through its main entrance gate. On the occasion, he expressed the confidence that the construction of Nepal’s first dry port would be a milestone in developing the federal capital Kathmandu as an international trade hub.
It would surely play a special role in facilitating export-based trade and the availability of a one-stop service including customs screening and quarantine would reduce costs and help the administrative process, the prime minister explained.
PM Deuba further claimed that the dry port would promote export by facilitating trade and enhancing transparency. The dry port is expected to further ease the trade through Kathmandu and make the trade of goods and services competitive and effective by reducing the costs involved in the export. Saying that administrative hassles are still pervading especially in the transport of goods and services in Nepal’s foreign trade, PM Deuba said such a high-quality trade infrastructure would help lessen the hassles.
“Taking this problem into consideration, the government has laid emphasis on the construction of the dry port and improvement of border checkpoints and customs corridor”, he said, stressing the need of developing such infrastructure for the promotion of international trade.
PM Deuba said the trade deficit could be reduced by increasing the competitiveness of the trade and industrial products of Nepal and exporting Nepal-made goods to international markets. By doing so, Deuba claimed domestic and foreign investors would be attracted to industrial development that would ultimately help create jobs within the country.
The PM assured that his government was committed to creating enabling environment for industrial development and attracting foreign investment and shared that various programs were introduced for reforms at the policy-level and procedural levels for the same.
Pledging continuity for reforms and measures to boost industrial development, he asserted, “It’s imperative to emphasize increasing national productions based on local raw materials and local skills to reduce the trade deficit. On the other hand, development of trade-related infrastructures is needed to reduce the cost of import”.
Furthermore, the PM spoke of the need to simplify and reduce the existing procedural hassles in foreign trade and said he was ready to collaborate with the private sector to promote trade.
