FNCCI Vice President Hemraj Dhakal Urges Two-Year Delay in Nepal's LDC Graduation

KATHMANDU. Hemraj Dhakal, Vice President of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), has called for a two-year postponement of Nepal's graduation from the Least Developed Country (LDC) status. He warned that due to political instability and a lack of internal preparedness, the private sector and the overall economy would face significant challenges if the graduation proceeds as scheduled. Speaking at an event organized by the Nepal Garment Association, Dhakal emphasized that Nepal should follow the path of Bangladesh, which has already applied to defer its graduation. He identified the lack of infrastructure for export promotion and high...