CNI President Warns of Challenges for Nepal's Garment Industry Post-LDC Graduation
Summary
CNI President Birendraraj Pandey warns that Nepal's garment industry will face significant challenges after the country graduates from Least Developed Country status, citing issues with competitiveness and trade agreements.
Key Points
- CNI President Birendraraj Pandey warns that Nepal's garment industry will face serious challenges post-LDC graduation.
- Manufacturing contributes less than 5% to Nepal's GDP and formal jobs in manufacturing are only 7%.
- High logistics costs in Nepal (28-30%) undermine competitiveness compared to India and Vietnam.
- FTA negotiations between India and the EU pose risks to Nepal's textile exports due to tariff advantages for India.
