Imports must decrease and exports must increase.
This is the point Reserve Bank Governor Sada Reddy is trying to push come the Budget announcement in November.
Reddy said the government needs to identify short, medium and long term targets to reduce agricultural imports.
The Governor added in the next three years we must reduce imports, namely rice from $40 million a year to $5 million, potato from $19 million a year to $3 million, dairy from $60 million per annum to $10 million, sheep meat from $28 million to $10 million and beef from $7 million to zero.
He said we must also go local.
Reddy suggests to achieve their strategies, government could appoint mainly a high level taskforce on import and export adding this could be headed by a competent service official at Permanent Secretary level.
Imports must decrease
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