Devaluation Prompted Nepalese Clothing Exports To Grow By 17.8%

< p > Nepal media coverage.

In the first two months of the Nepal fiscal year (beginning in July 16, 2013), Nepalese garments were a target= "_blank" href= "//www.sjfzxm.com/" > clothing < /a > the export value increased by 17.8% compared with the same period last year, mainly due to the depreciation of Nepal currency.

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< p > according to the latest data of Nepal National Bank, Nepal exported 786 million 200 thousand Nepalese Rupee garments between July 16, 2013 and September 15th, compared with 667 million 400 thousand Nepali rupees exported in the same period last fiscal year.

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< p > a major factor in the increase in exports is the depreciation of Nepal's currency relative to the US dollar.

July 16, 2013.

The exchange rate of US $1 is 95.01 Nepali rouble, which has risen to 101.47 rupees by September 15, 2013.

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< p > in two months, Nepalese clothing exports to India increased to 55 million 100 thousand rupees, compared to 35 million 200 thousand rupees last year.

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"P >" for Nepal, clothing is the second largest export product, second only to handmade carpets, and to 13 billion 120 million rupees in 1990-2000 years.

However, in 2003-04, clothing exports to 11 billion 890 million rupees fell to about 4 billion rupees in 2012-13 years.

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< p > in the past, the United States was the largest importer of Nepalese clothing. After the US stopped the zero tariff entry of "a target=" _blank "href=" //www.sjfzxm.com/ "textile" /a "and clothing and goods, Nepalese exports to the United States began to decline.

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P earlier this month, Nepal submitted a list of 100 new products to the United States and recommended that these products be included in the GSP preferential items.

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< p > incorporating clothing into the revised GSP will benefit Nepalese clothing's priority in exporting to the US market.

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< p > in addition, the business and supply department is also considering the inclusion of < a href= "http://sjfzxm.com/news/index_c.asp" > Nepalese dress < /a > into the 2010 Nepalese trade comprehensive strategic priority list, aiming at promoting the development of the garment industry.

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