Home / Knowledge / News / Textiles / US urges Nepali traders to utilise preferential benefits
US urges Nepali traders to utilise preferential benefits
25
Apr '17
The Embassy of the US in Nepal recently organised an event to encourage Nepali traders to make the most of the Nepal Trade Preference Programme initiated by the government of the US. The country has provided preferential trade benefits to Nepal on 66 different export products including scarves, shawls, carpets, bags, headgear, leather goods and more.

The programme is a part of US' Trade Facilitation and Trade Enforcement Act, 2015 that was introduced in December last year and provides duty-free tariff benefits on select products to Nepali traders until 2025. It was initiated to contribute to Nepal's economic growth after the earthquake in April 2015.

Mark Linscott, assistant US trade representative said at the event that Nepal's private sector should export products that enjoy duty-free access to the US. He also urged traders to meet technical requirements decided by the US government for various products.

The implementation of the trade preference programme will make Nepali products more cost-effective in the US market, said Nepali media reports quoting Alaina B Teplitz, US Ambassador to Nepal.

Nepal is losing its trade surplus in the US, according to Bhawani Rana, president, Federation of Nepalese Chambers of Commerce and Industry. He added that both Nepal and US governments should assist Nepali traders to benefit from duty-free trade access and increase exports.

Commerce minister of Nepal Romi Gauchan Thakali has urged the government of US to include some other goods like readymade garments to the list of products that enjoy duty-free access to the US. (KD)

Fibre2Fashion News Desk – India


Must ReadView All

Top 15 US fashion brands are collectively worth $70 bn

Fashion | On 22nd Jul 2018

Top 15 US fashion brands are collectively worth $70 bn

The top 15 American fashion brands are collectively worth close to...

Courtesy: Covestro

Textiles | On 22nd Jul 2018

Covestro's new products for waterproof textile coating

Covestro, which is among the largest polymer companies, has unveiled...

Evogene, IMAmt to work together in insect resistance

Textiles | On 22nd Jul 2018

Evogene, IMAmt to work together in insect resistance

Evogene, a leading biotechnology company developing novel products...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ashok Desai
Bombay Textile Research Association

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

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

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

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

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

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


July 2018

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

news category


Related Categories:

Advanced Search