RSP Lawmaker Parajuli Calls for Public-Private Synergy Ahead of LDC Graduation

Kathmandu. Rastriya Swatantra Party (RSP) lawmaker Ganesh Parajuli has emphasized the need for strong collaboration between the private sector and the government to address the challenges arising from Nepal's graduation from the Least Developed Country (LDC) status in 2026.

Speaking at an interaction program titled 'Promotion of Ready-made Garment Exports Post-LDC Graduation: Challenges and Opportunities,' lawmaker Parajuli stated that bilateral talks and Free Trade Agreements (FTAs) must be prioritized to sustain export trade.

Parajuli pledged that once parliamentary committees are formed, issues concerning the private sector will be prioritized for discussion. He argued that integrated efforts for branding and marketing Nepali products would be more effective than fragmented initiatives. He urged organizations like the Federation of Nepalese Chambers of Commerce and Industry (FNCCI), the Confederation of Nepalese Industries (CNI), and the Handicraft Association to jointly organize exhibitions in international markets.

Parajuli claimed that the current government, built on the foundation of good governance, is focusing on resolving minor public grievances. He expressed confidence that the government's recent decision to provide a 50 percent discount on infrastructure tax and customs duties for petroleum imports would provide relief to the public. Furthermore, he noted that the new arrangement to print driving licenses within 24 hours, replacing years of waiting, is a positive example of reform.

He said, 'I have promised that the first meeting after the formation of parliamentary committees will discuss private sector issues. If the private sector submits a clear roadmap regarding LDC graduation, we will coordinate with the relevant ministries to reach concrete decisions. Neighboring India has boosted exports by organizing large international exhibitions twice a year for summer and winter seasons. We should also utilize the national flag carrier to host large-scale exhibitions under one umbrella to attract international buyers.'

Informing that the 'Nepal Tourism Bill' has recently been tabled in Parliament, he urged the private sector to study it for necessary amendments and improvements. He stated that parliamentary committees would be fully formed within the next two to three weeks, after which economic and trade issues would gain momentum.