Nepalese Garment Exports To U.S. Fall Drastically
\nAHN
\nSiddique Islam – AHN South Asia Correspondent<\/p>\n
<\/p>\n
Kathmandu, Nepal (AHN) – The exports of the Nepali readymade garment (RMG) to the United States witnessed a huge fall of 66 per cent in terms of value in March, 2014.<\/p>\n
The apparel products valued over US$998,820.70 were exported to the US in March as against over $2.89 million in the corresponding period of the previous year, according to the Garment Association of Nepal statistics.<\/p>\n
It is the second straight month this year that the exports of the Nepali textile and apparel products have lost its beat, The Himalayan Times, a local newspaper, reported.<\/p>\n
The RMG exports to the U.S. has been suffering for the last couple of years but had slightly recovered in January with exports up by only two per cent.<\/p>\n
The need of enhancing competitive strength in terms of price and quality of the Nepali products to compete with big suppliers from India and China and other players like Bangladesh, Sri Lanka and Cambodia, the newspaper reported quoting an industry insider.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nepalese Garment Exports To U.S. Fall Drastically AHN Siddique Islam – AHN South Asia Correspondent Kathmandu, Nepal (AHN) – The exports of the Nepali readymade garment (RMG) to the United States witnessed a huge fall of 66 per cent in terms of value in March, 2014. The apparel products valued over US$998,820.70 were exported to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"\n