Home / Knowledge / News / Apparel/Garments / Nepal proposes inclusion of garments, Pashmina for US GSP
Nepal proposes inclusion of garments, Pashmina for US GSP
02
Oct '13
The Nepal Government has submitted a list of 100 new products including garments, carpets, Pashmina and handicraft products to the US, as proposed items for inclusion in the Generalized System of Preference (GSP) facility.
 
As the US GSP facility for Nepal expired on July 31 this year, the US Government directed Nepal to provide a fresh list of new products for the proposed extension of the facility by October 4, 2013.
 
The proposed list was finalised by a team headed by Trade and Export Promotion Center (TEPC) Executive Director, Ishwari Ghimire, and was forwarded to the US Government by the Ministry of Commerce and Supplies of Nepal (MoCS), last week.
 
Jib Raj Koirala, Joint Secretary at the MoCS, said presently over 4,000 products enjoy GSP facility from the US, and the Government has now proposed further inclusion of 100 new items.
 
Garments, carpets, Pashmina and handicraft items included in the proposed list are major contributors to Nepal’s exports, and their inclusion in the revised GSP would help them qualify for preferential access to the US market.
 
At its peak, garments and Pashmina items contributed around 80 percent to Nepal’s overall exports to the US. However, the exports started declining after the expiry of the Multi Fibre Agreement (MFA) in 2005, and the quota phase out. 
 
Nepali garment and Pashmina entrepreneurs emphasize that export of Nepali items to the US shall not grow considerably unless they are included in the GSP list, which is expected to push Nepali garment and Pashmina exports to US by almost three times to Np Rs. 18 billion within three years as compared to present export average of about Rs. 6 billion.
 
During the financial year which ended on July 15, 2013, Nepal exported Pashmina goods worth Rs. 2.07 billion, carpets worth Rs. 6.075 billion and handicraft products worth NP Rs. 4.36 billion.
 
Nepal’s garment exports for the first 11 months (for which data is available) of the 2012-13 fiscal totalled Rs. 3.33 billion.
 

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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