Exports Of Nepali Garments To Europe Have Increased Sharply, And Exports To The US Have Declined.

2010/8/21 10:03:00 45

European Union

The market has become a new potential destination for Nepalese clothing exports.

The EU's special trade preferences encourage Nepal to expand its clothing exports, but Nepalese clothing has not seen an increase in US exports.

The EU provides preferential policies for tariff free access to the EU market for 41 least developed countries (LDCs), Nepal.

Textiles and garments

Exports to Europe have benefited and surged.

According to experts, Nepalese clothing exports to Europe are quite stable compared with exports to the United States.

Data show that Nepalese clothing exports to Europe increased by more than 20%, while exports to the United States were negligible.

According to the export data of trade export promotion center, from 2004-05 to 2007-08,

Nepal

Exports of garments and garments to the US declined sharply, while exports to Europe remained stable.

Prior to this, Nepalese clothing exports to the United States accounted for 90% of Nepalese clothing exports, exports to Europe accounted for only 10%.

But now, the export pattern of Nepal garments and garments has completely changed.

The tariff free policy offered by Europe will expire in 2010, so the Nepali clothing association wrote a letter calling for the extension of this preferential measure for two years.

Nepal has been enjoying this offer since 2004, and the EU's preferential policies are updated every two years.