Home / Knowledge / News / Textiles / NCCCI welcomes China's move on zero-tariff
NCCCI welcomes China's move on zero-tariff
21
May '10
An agreement between Nepal and China regarding zero-tariff on Nepali products in the Chinese market has been accepted by the Nepal China Chamber of Commerce and Industry (NCCCI). This facility that is granted by China, will prove helpful in reducing the trade deficit between both the countries, said the bilateral association.

Following this agreement on a Letter of Exchange (LoE), Nepal will get duty-free access on 4,721 goods that will be exported to China. Whilst earlier, Nepali goods exported to China were charged with a 10-35 percent customs duty.

As per the statistics from NCCCI, during the 2009-10 fiscal, trade deficit between the two countries was Rs 32.21 billion, as compared to Rs 22 billion during 2008-09.

Amongst the 4,721 products that will get duty-free access in the Chinese markets, essential items such as carpet, leather, coffee, juice and silver jewelry are also inclusive.

NCCCI also intends to develop a three-year plan targeting Chinese market. This plan is likely to include development, promotion and diversification of the exportable items, stated NCCCI, which also emphasizes on developing Special Economic Zones (SEZs).

Nepali entrepreneurs have to explore more goods for export purpose, which can enjoy zero-tariff facility and help expand trade opportunities, suggested the Chinese ambassador.

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

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

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...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Yash P. Kotak
Bombay Hemp Company

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

Madhu Jain
Madhu Jain

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

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