Alleging that Nepal was exporting Chinese yarn, Turkey had suspended the generalised system of preferences (GSP) benefit on export of yarn from Nepal in January this year. It had cited a considerable growth in export from Nepal — around 190 per cent between 2011 and 2017 — without a reliable domestic production base as the reason for suspending the facility.
Following complaints by Nepalese exporters, a Nepal Government team had visited Turkey last March to clarify the country’s position on the issue.
The development followed the visit by a team of Turkish Government officials to factory sites in Nepal this month, a popular Nepalese daily quoted Rajendra Singh, deputy director of Trade and Export Promotion Centre (TEPC), as saying.
Nepal exports polyester and viscose blend yarn worth around 4 billion Nepali rupees to Turkey every year. (DS)
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