Nepali garment export to US drops
Tuesday, 4 September 2007
KATHMANDU, Sept 3 (Xinhua): Export of Nepali readymade garments to the United States (US), which is the single largest market, suffered heavily for yet another month, as the month of August 2007 saw a decline of 27 percent in terms of value.
According to Monday's The Himalayan Times daily, it is the eighth consecutive month this year that export of Nepali textile and apparel products have lost ground.
Garment exports to the US has been suffering from the very beginning of the year, as it witnessed a whopping decline of 54 percent in January, 64 percent in February, 47 percent in March, 3 percent in April, 63 percent in May, 42 percent in June and 45 percent in July.
According to Monday's The Himalayan Times daily, it is the eighth consecutive month this year that export of Nepali textile and apparel products have lost ground.
Garment exports to the US has been suffering from the very beginning of the year, as it witnessed a whopping decline of 54 percent in January, 64 percent in February, 47 percent in March, 3 percent in April, 63 percent in May, 42 percent in June and 45 percent in July.