Home / Knowledge / News / Textiles / Nepali exporters seek GSP facility for Pashmina
Nepali exporters seek GSP facility for Pashmina
31
Jan '12
In view of the forthcoming Nepal-US Council on Trade and Investment (NUSCTI) meeting under the Trade and Investment Framework Agreement (TIFA), the producer-cum-exporters of Pashmina from Nepal have intensified their efforts to lobby with the Government to earn Generalized System of Preference (GSP).

The meeting is slated to take place in Kathmandu during March this year.

The Nepali Pashmina exporters are already working to promote Chyangra Pashmina, an exclusive trademark of Nepali Pashmina products. However, the heavy customs duty is causing the Nepali Pashmina items to lose their competitive edge in the US market.

The exporters have urged the Ministry of Commerce and Supplies (MoCS) to intensify its diplomatic efforts to seek the GSP facility for Nepali Pashmina, which would earn duty-free access for these goods to the US market.

Presently, the US is subjecting Pashmina imports from Nepal to customs duty varying between 7 to 21 percent. Some Pashmina products are presently placed in the category of readymade garments (RMG), which are subjected to a custom duty of 17 percent.

In 2010, the Garment Association of Nepal (GAN), urged the US Senate through a petition, to add 11 more items, including Nepali Pashmina and RMG to the list of Nepali items enjoying duty-free access to the US under the GSP.

Meanwhile, there has been a considerable fall in Nepal's Pashmina exports to the US over the past few years. During last fiscal, Nepal exported Pashmina worth Nepali Rs. 300 million, much below 1999-2000's exports worth Nepali Rs. 1 billion.

Fibre2fashion News Desk - India


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Representatives
Textile & apparel industry

GST is a complicated and lengthy process

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Mohammad Hassan
Biax Fiberfilm

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Karan Arora
Karan Arora

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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

Leave your Comments


April 2018

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


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