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

Md Siddiqur Rahman, president, BGMEA, addressing a press conference with other dignitaries. Courtesy: BGMEA

Apparel/Garments | On 29th May 2017

BGMEA asks govt for 5% incentive for 2 years in Budget

The Bangladesh Garment Manufacturers and Exporters Association...

Textiles | On 29th May 2017

Special package creates 7,50,000 jobs in garment sector

The special garment package of Rs 6,000 crore that was introduced by...

Textiles | On 29th May 2017

Tintex, Bruckner bring new effects to knitted fabric

The textile company Tintex has joined hands with the system supplier...

Interviews View All

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Darshan Mehta
Infinium Polychem

We are spending double digit figures on R&D

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search