The Ministry of Industry, Commerce and Supplies has said it is assessing the possible impact of recent changes in China’s export policies that have restricted exports of certain products. The ministry has already held consultations with concerned agencies and business representatives to evaluate Nepal’s market situation, supply risks and possible response measures.

According to the ministry, discussions with the Nepal-China Chamber of Commerce and Industry and other stakeholders indicate that the market currently has sufficient stocks of many Chinese goods, with some importers holding supplies estimated to meet demand for around eight months. The government has nevertheless instructed subordinate agencies to strengthen market monitoring, supply management, import facilitation and related coordination so that shortages, black-marketing, artificial scarcity and unreasonable price increases do not emerge.

The ministry said it is also considering the situation from a longer-term perspective by promoting domestic production and import substitution. Government efforts will focus on improving production efficiency through better technology and skills, strengthening production and supply management, making market monitoring and regulation more effective, and encouraging industries to increase output while protecting consumer interests.

The ministry has appealed to consumers and businesses not to engage in unnecessary stockpiling or panic buying, saying the government is committed to maintaining the supply and price stability of essential goods used in daily life. It also indicated that Nepal will continue diplomatic and trade-related engagement with China where necessary to facilitate supplies and address disruptions.