Nepal Asked The United States To Allow Exports Of Clothing To Enjoy A Generalized Preferential System.
Nepal
Garments and garments
(RMG) exporters are striving to obtain tariff free access to the US market for 10 kinds of clothing and cashmere garments. They submitted a petition to the office of the United States Trade Representative (USTR), asking the United States to allow these products to enjoy the treatment of GSP.
According to the GSP system in the United States, the series of goods registered in the office of the United States trade representative can enter the US market without tariffs. The office of the United States trade representative changes the list of Customs free goods every 10 years.
This system mainly helps the most underdeveloped or developing countries to develop trade.
This year is the year when the GSP list is adjusted.
Exporter
Using this opportunity, a petition was made to the office of the United States trade representative for the 10 products made in Nepal to be added to the list.
although
Nepal
There are 60 different clothing products in the export products, but the Nepali association only mentioned the main products in the petition, such as men's trousers, shirts and shorts.
In addition, Nepal also wants to add two cashmere products to the list, Nepal for the two products of global exports.
Exporters hope that the office of the United States trade representative can meet their requirements. They believe that if the United States allows their demands, the Nepalese clothing industry will see the dawn of new hope.
Industry experts estimate that this preferential tool may directly help exporters to double exports to the United States.
As a result, the machines that will stop running in the garment industry will once again be alive, and will encourage new investments and create new jobs.
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