Home / Knowledge / News / Apparel/Garments / Nepal-US deal to favour garment exports
Nepal-US deal to favour garment exports
Apr '11
Nepal is all set to sign the Trade and Investment Framework Agreement (TIFA) with the United States in a months time. This pact is anticpated to provide favourable entry to goods exported to the US from Nepal.

Though the framework of the deal had been finalised early last year, there was a delay in signing the agreement for various reasons.

Speaking to fibre2fashion, Mr Purushottam Ojha, Secretary - Ministry of Commerce and Supplies (MoCS) said, “It is still in the process and I am unable to forecast the exact time, however, we are hopeful that the pact may be finalised within a month”.

Informing about the pact, he said, “The Trade and Investment Framework Agreement (TIFA) is about creating a bilateral mechanism for issues like trade, investment, intellectual property rights and several other issues.

“These are the areas where bilateral mechanism is established and dealt on, to increase cooperation. TIFA aims at creating a joint mechanism in the form of a trade and commerce council and promote investment and trade relations in the process”.

He observed, “Of course, I expect the deal to immensely benefit textile and garment exports to US, which have severely declined in the last few years, since the phase out of the multi-fibre agreement”.

“So in that context, if some direct concessions are available from the US government, then there are chances of reviving the sick and ailing industry in Nepal”, he optimistically said.

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

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Eamonn Tighe
Nature Works LLC

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

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Mohammad Hassan
Biax Fiberfilm

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Madhu Jain
Madhu Jain

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

March 2017

March 2017

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


Browse Our Archives


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