Turkey to annul anti-circumvention duty on Nepalese yarn

Alleging that Nepal was exporting Chinese yarn, Turkey had suspended the generalised system of preferences (GSP) benefit on export of yarn from Nepal in January this year. It had cited a considerable growth in export from Nepal — around 190 per cent between 2011 and 2017 — without a reliable domestic production base as the reason for suspending the facility.

Following complaints by Nepalese exporters, a Nepal Government team had visited Turkey last March to clarify the country’s position on the issue.

The development followed the visit by a team of Turkish Government officials to factory sites in Nepal this month, a popular Nepalese daily quoted Rajendra Singh, deputy director of Trade and Export Promotion Centre (TEPC), as saying.

Nepal exports polyester and viscose blend yarn worth around 4 billion Nepali rupees to Turkey every year. (DS)

ALCHEMPro News Desk – India