Overseas exports slow
FROM ISSUE #41 (04 MAY 2001 - 10 MAY 2001) | TABLE OF CONTENTS
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Carpet exports were down by about eight percent in mid-March from Rs 6.31 billion to Rs 5.79 billion. Exporters say inferior quality exports from India, sold in Western markets under an \'Indo-Nepal' label, and poor government support to the industry are reasons for the downslide. The export of readymade garments may also be beginning to plateau-exports grew by just 1.4 percent to Rs 9.30 billion, according to the Nepal Rastra Bank (NRB). Producers blame the opening up of the American market to products from African countries. Garment exports are expected to dip further after the World Trade Organisation trading regime comes into effect.