Dhakal’s Nepal Budget 2025 Vision: Boosting Exports for Economic Growth & Trade Balance
17th May 2025, Kathmandu
Chandra Prasad Dhakal, President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has requested the government to prioritize import substitution and export promotion in the upcoming budget. He said this focus is key to building a stronger and self-sustaining national economy.
Dhakal’s Nepal Budget 2025 Vision
He made this statement during the third session of the fifth annual general meeting of the Federation of Export Entrepreneurs Nepal (FEEN). The program gathered business leaders and exporters from across Nepal.
Domestic Products Hold Global Potential
Dhakal stressed the importance of boosting exports of Nepali products that are already well-regarded in the global market. He pointed out specific items such as handicrafts, pashmina, carpets, herbal products, and agricultural goods.
“Nepali products have great export potential,” he said. “We need budgetary support to increase their reach globally.”
According to him, these goods can compete well in international markets. However, they need more government backing in terms of policy, incentives, and promotion.
Budget Should Support Export-Friendly Measures
Dhakal urged the government to include export-supportive programs in the national budget. He believes proper budget allocation will encourage producers and exporters. This, in turn, will help Nepal reduce its trade imbalance.
He also explained that improving exports can create more jobs. Export-led growth will bring foreign currency into the country and help stabilize the economy.
“A budget that promotes exports is a budget that strengthens the nation,” he added.
Call to Open Mineral Exports
President Dhakal also spoke about mineral-based products. He said Nepal should consider exporting its mineral resources, but in a responsible and environment-friendly manner.
He recalled that the issue of mineral exports had been mentioned in earlier budgets. However, no proper implementation had taken place. He said that the time had come for action.
“We have been saying for years—allow mineral exports. Let’s do it in a way that does not harm the environment,” he said.
He added that responsible mineral exports can help reduce the trade deficit with neighboring countries like India and China.
CIP Recognition Should Be Timely
Dhakal also raised concerns about delays in honoring business leaders. The government is supposed to award the Commercially Important Person (CIP) status every two years. But recent delays have disappointed the business community.
He suggested that the government should announce an official CIP Day and stick to a fixed schedule for awarding the recognition.
“Business leaders work hard to contribute to the economy. Timely recognition boosts their morale,” he said.
Praise for FEEN’s Role in Export Development
Dhakal praised the efforts of the Federation of Export Entrepreneurs Nepal (FEEN). He said that FEEN had made significant progress in a short time.
He also assured that FNCCI will continue working with organizations like FEEN. This collaboration is necessary for sustainable export development.
“We are ready to support all sector-specific organizations that are working for national growth,” he added.
FNCCI Working for Long-Term Economic Solutions
During his speech, Dhakal also explained FNCCI’s broader role. The federation is actively engaged in:
Proposing policy reforms
Promoting an investment-friendly environment
Reviving sick industries
Strengthening domestic businesses
He said Nepal needs a balanced economy. For that, the government must focus on both reducing imports and increasing exports. FNCCI is committed to helping achieve these goals.
Key Takeaways for Budget Makers
As Nepal prepares its national budget, Dhakal’s message sends a clear signal. He wants budget planners to focus on real, impactful economic changes.
Support export growth through targeted policies
Promote domestic production and value-added industries
Create incentives for responsible mineral exports
Ensure timely recognition for business leaders
Improve coordination between the public and private sectors
A Call for Action
In conclusion, Dhakal’s speech highlighted both challenges and opportunities in Nepal’s trade and industrial landscape. His message was clear: A budget that focuses on import substitution and export promotion can drive long-term economic success.
He urged policymakers to listen to the voices of entrepreneurs and exporters. With the right steps, Nepal can move toward a more balanced and resilient economy.
“Let’s make this budget a turning point,” Dhakal said.
For more: Dhakal’s Nepal Budget 2025 Vision
