Home / Knowledge / News / US interested in signing trade pact with Nepal
US interested in signing trade pact with Nepal
12
Oct '09
The United States is showing interest in signing a bilateral trade and investment agreement with Nepal.

It had sent a draft proposal on a probable agreement to the country last month, in order to boost trade and investment between the two countries, informed Mr. Chiranjivi Nepal, Adviser to Foreign Minister Sujata Koirala.

The South Asian Country is studying the draft proposal and its contents. This trade pact, if signed, would prove to be helpful to augment garment exports from the country to the US, believe officials of Nepal.

Ms. Koirala had lobbied with Senators for duty-free access to Nepali readymade garments during her recent visit to US, which is a second biggest investor in Nepal after India.

As per the statistics from Nepal Garments Association, over the past few years Nepali garments are witnessing a plunge of 80 percent in exports to the US.

Currently, there are about 1,570 foreign investment projects operating in the country, worth around US $2.13 billion.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 10th Dec 2016

Amazon India aims to be India’s biggest fashion retailer

Since fashion is the second biggest ecommerce category in India,...

Apparel/Garments | On 10th Dec 2016

Kathy Ireland extends license with PPI Apparel till 2023

Clothing brand Kathy Ireland Worldwide has extended its partnership...

Textiles | On 9th Dec 2016

ACIMIT signs MoU with Pakistan textile bodies

In a bid to strengthen the trading in garments and textiles between...

Interviews View All

Neel Sawhney
One Friday

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

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

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

Johan Berlin
InvestKonsult Sweden AB

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

Tony Ward
Tony Ward

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search