NEPAL: GARMENT SECTOR EYES MARKET DIVERSIFICATION AFTER RECORD EXPORT DROP
February 1st, 2013
NEPAL’S ready-to-wear garment sector wants to diversify its target markets away from a past reliance on America, prompted a slump in exports, which have fallen by more than half over the past five years. The Garment Association Nepal (GAN) general secretary Ashok Kumar Agrawal blamed decreasing demand from American consumers and told just-style the industry is hoping to “diversify export markets to Australia, Canada and Japan, making use of duty free privileges while increasing exports to the EU,” where they enter duty free under the Everything But Arms ...
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