Weather Garment sales slide
FROM
ISSUE #276 (09 DEC 2005 - 15 DEC 2005)
| TABLE
OF CONTENTS
SUBSCRIBE NT PRINT REFER WRITE TO EDITOR
The main market for garments, Nepal's largest foreign currency earner, continued to disappoint in October. Exports to the United States plummeted 57 percent compared to last year, following a 48 percent drop in September. Sales to the US have fallen off since 1 January, when garment quotas were ended in line with WTO rules. But according to the Garment Association of Nepal (GAN), if passed the Trade Act 2000 bill pending at the US Senate would help to boost exports from Least Developed Countries (LDCs) like Nepal to the US market.
|
ADVERTISEMENT |
NEPALI TIMES IS A PUBLICATION OF HIMALMEDIA PRIVATE LIMITED | ABOUT US | ADVERTISE | SUBSCRIPTION | PRIVACY POLICY | TERMS OF USE | CONTACT |