Home / Knowledge / News / Apparel/Garments / US-Nepal trade deal: May revive garment sector
US-Nepal trade deal: May revive garment sector
07
Oct '09
A draft proposal of the US-Nepal trade deal, outlined during the recent visit of United States Trade Representatives (USTR) to Nepal, might offer duty-free access to the export of Nepali Garments (RMG) in the US markets, said Mr. Prashant Kumar Pokharel, President Garment Association of Nepal.

Mr Pokarel said that the Prime Minister Mr. Madhav Kumar Nepal and Foreign Minister Ms. Sujata Koirala did not lobby with American senators, who were very positive about duty-free access for Nepali garments, as well as not raised the issue of Trade Treaty draft proposal during their visit to the US.

US was the largest buyer of readymade garments that used to import around 80 percent of garments, but currently the export of Nepali garments to the US has slipped down very badly.

As per GAN statistics, in August, overall garment exports witnessed a down fall of 81 percent and totaled to $145,000 in terms of value. Nepal has lost the US market for its RMGs and will also lose the Indian markets, too. The Indian markets had proved to be helpful in the past few months of the crisis, said Mr. Pokharel.

As four percent additional duty is still imposed on the export of Nepali garments to India; even though the trade agreement, signed between Nepal and India during Nepali Prime minister's visit to India, was expected to support Nepali Industries.
Due to this four per cent additional duty charge, the export potential of Nepali apparel to India is falling which stood at Rs 1.62 billion during 2007-08.

Citing this additional duty on Nepali garments as unjustified, GAN President said that exports of garments from the country are in trouble due to these duty charges. He further added that an immediate meeting of Inter-Government Committee (IGC) can help prop up garment exports to India.

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Ikea

Textiles | On 26th Apr 2017

Ikea’s product sourcing from India to double by 2020

Ikea, the global home furnishing giant from Sweden, plans to double...

Textiles | On 26th Apr 2017

CITA to add insufficiently available fabric in CAFTA-DR

The Committee for the Implementation of Textile Agreements (CITA) has ...

Courtesy: SKF

Textiles | On 26th Apr 2017

SKF brings predictive maintenance for machinery to India

SKF India, a global supplier of bearings, seals, mechatronics,...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Suresh Patel
Sidwin Fabric

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

Mohammad Hassan
Biax Fiberfilm

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Sanjukta Dutta
Sanjukta's Studio

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

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

news category


Related Categories:
April 2017

April 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