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Nepal`s Garment Export Declines

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زمان جاری : یکشنبه 29 مهر 1397 - 4:49 بعد از ظهر
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Nepal`s Garment Export Declines
The export of Nepali readymade garments has dropped by more than half as compared to exports about a decade back.
Statistics of the Trade and Export Promotion Center reveal that Nepali readymade garments (RMG) that used to have an annualexport of around Rs 12 billion some five to six years back has now dropped by more than half.
In fiscal year 2011-12, total export of Nepali RMG was worth Rs 4.05 billion while the figure of first five months of the current fiscal year is around Rs 1.55 billion.
However, garment exporters claim that exports might pick up once again if the government realises it to be one of the major exportable products of the country and provides the necessary facility and support. They have also repeatedly expressed the need to include Nepali RMG in the NTIS priority list to further promote and develop it.
Major exportable products like Nepali RMG and carpets have not been included in NTIS list though they were recognised as having comparative advantage and were given prominent place by the trade policy.
After repeated lobbying by exporters to include the product in the NTIS priority list, a high-level business forum had directed the government to include the product within the priority list but the government has not yet started the process to include the product in its priority list.
According to garment and carpet exporters, of the total exports of the country, garments and carpets worth Rs 10 billion have been exported to third countries. However, the government has failed to include them among the 19 priority products in the NTIS 2010.
Businesses involved in the Nepali readymade garment sector had expectations of making India its next prime destination but it was shattered after an unexpected decline in exports in 2011-12, with exports of readymade garments at only Rs 332 million.
Source: The Himalayan Times .

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