Home / Knowledge / News / Apparel/Garments / NTIS inclusion to boost Nepal garment exports
NTIS inclusion to boost Nepal garment exports
10
Sep '12
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.
 
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.
 
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.
 
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. 
 
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.
 
In 2011-12 fiscal, garment exports from Nepal fetched foreign exchange equivalent to Np Rs. 4 billion.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Indonesian garment exports to remain stable in 2017: API

Garment exports from Indonesia are likely to remain stable this year...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search