The exports of garments from Nepal is set to get a boost as the High-Level Business Forum (HLBF), chaired by Prime Minister Baburam Bhattarai, has decided to include apparels under Nepal Trade Integration Strategy (NTIS) 2010.
The exports of garments from Nepal is set to get a boost as the High-Level Business Forum (HLBF), chaired by the Prime Minister Baburam Bhattarai #
Until now, 12 products and 7 services were placed under NTIS which gives special comparative advantage to those products for exports. Garments, however, were not among the NTIS list as they were considered to be ‘not dependable’ for sustainable export growth.
The exports of garments from Nepal is set to get a boost as the High-Level Business Forum (HLBF), chaired by the Prime Minister Baburam Bhattarai #
However, the Government would now soon include apparels in the NTIS product list after a decision to the affect was taken by HLBF under Nepal Business Forum (NBF) - a public-private forum that works for improving the investment climate in the country.
The exports of garments from Nepal is set to get a boost as the High-Level Business Forum (HLBF), chaired by the Prime Minister Baburam Bhattarai #
Garments constituted one of the largest exportable items from Nepal until 1999-2000, when the country’s apparel exports stood at Np Rs. 12 billion.
The exports of garments from Nepal is set to get a boost as the High-Level Business Forum (HLBF), chaired by the Prime Minister Baburam Bhattarai #
However, Nepal’s garment exports declined over the past decade due to the end of the quota regime in clothing trade, the special facility extended by the US to Sub-Saharan countries under AGOA, and workers unrest in the country.
The exports of garments from Nepal is set to get a boost as the High-Level Business Forum (HLBF), chaired by the Prime Minister Baburam Bhattarai #
In 2011-12 fiscal, garment exports from Nepal fetched foreign exchange equivalent to Np Rs. 4 billion.
The exports of garments from Nepal is set to get a boost as the High-Level Business Forum (HLBF), chaired by the Prime Minister Baburam Bhattarai #
Fibre2fashion News Desk - India
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