Home / Knowledge / News / Textiles / Textile products to enjoy zero-tariff
Textile products to enjoy zero-tariff
18
May '10
An agreement, on Letter of Exchange (LoE) for zero-tariff on 4,721 Nepali products exported to China, has been signed by the Secretary of Ministry of Commerce and Supplies (MoCS), Purusottam Ojha, and Qui Guohong, Chinese Ambassador to Nepal.

Before signing the agreement, around 10-35 percent customs duty was imposed on Nepali products that were exported to China. This agreement will assist Nepal to balance trade deficit with China, pointed Ojha. He further added that, 361 products out of 4,721will get direct export rate benefits under this agreement.

He further informed that, products including carpet, leather and silverware will enjoy zero-tariff in Chinese market. Tariff free entry has earlier been announced by China for products of Least Developed Countries (LDCs).

The bilateral trade among both countries, during the year 2009, stood at $414 million. Carpet, garments, textile cotton clothes, wool, leather products are among the key Nepali products that are being exported to China and have been offered duty free access to Chinese market.

Fibre2Fashion News Desk - India

Must ReadView All

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...

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

Tintex, Bruckner bring new effects to knitted fabric

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

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Johan Berlin
InvestKonsult Sweden AB

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

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Steve Cole
Xerium Technologies

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

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:
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