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NTIS 2010 prioritises Nepal's sick exports
28
Jun '10
With an attempt to revitalise the nation's sick exports, Nepal Trade Integration Strategy (NTIS) 2010, introduced by the government last week, has listed 19 goods and services, which have the optimum export potential.

Pashmina and wool goods, handmade paper, silver jewellery, iron and steel products have been listed as probable goods for exports under the industrial goods category. Likewise, products under the agro-foods category such as ginger, honey, large cardamom, lentils and the like have also been listed.

NTIS 2010 was prepared keeping in mind the dreary state of the trade and economic situation of the nation and is an updated version of the Nepal Trade and Competitiveness Study, 2004. Top ten market destinations for every potential good and service areas have also been prepared by NTIS.

As per the strategy, along with various practices and systems, third party certification (TPC) was also suggested as the main key to improve the quality and quantity of supply, so as to reduce the current burden of sanitary phyto-sanitary (SPS) certification for exports.

NTIS 2010 has four capacity development objectives, which include, ensuring proper market entry, developing local support institutions that can provide a friendly business climate, strengthen the supply capacity of exporters especially for sectors wherein they can set up a competitive advantage and finally organise Overseas Development Assistance.

The strategic objectives of NTIS 2010 include, strengthening trade and negotiations capacity; strengthen the export facility of Inclusive Export Potential Goods and Services; strengthen the state government's capacity to coordinate and manage Trade Related Technical Assistance and Aid for Trade and strength the technical capacity of local Non Tariff Barrier (NTB) and other business environment supportive institutions and carry out successful implementation of NTIS.

Fibre2Fashion News Desk - India


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