(MENAFN) According to a government study released, Nepal has been suffering huge trade deficit due to an energy crisis, traditional agriculture system and higher remittances, Xinhua reported.
Nepal's trade deficit reached USD3.96 billion in the first eight months of the fiscal year, the report, which was prepared by Nepal's Ministry of Commerce and Supplies (MoCS), showed.
"The laxity in development of industrial infrastructure and failure to effectively utilize foreign aids in the country has also contributed in trade deficit," according to the report.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.