Exports Of Nepali Garments To Europe Have Increased Sharply, And Exports To The US Have Declined.
Europe
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 the trade promotion center, exports of garments and garments to Nepal in the years 2004-05 to 2007-08 declined sharply, while exports to Europe remained stable.
Previously, Nepalese clothing accounted for US exports.
Nepal
90% of all clothing exports to Europe accounted for only 10% of exports.
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.
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