Legal Documents

President Obama Signs Proclamation to Implement Nepal Preference Program
On December 15, U.S. President Barack Obama signed a proclamation to implement the Trade Facilitation and Trade Enforcement Act of 2015 (“TFTEA”), which creates a trade preference program for Nepal.  The TFTEA officially provides duty-free treatment for dozens of types of imports from Nepal that meet specific eligibility criteria, including certain types of carpets, headgear, shawls, scarves, and travel goods.

Washington –  On December 15, U.S. President Barack Obama signed a proclamation to implement the Trade Facilitation and Trade Enforcement Act of 2015 (“TFTEA”), which creates a trade preference program for Nepal.  The TFTEA officially provides duty-free treatment for dozens of types of imports from Nepal that meet specific eligibility criteria, including certain types of carpets, headgear, shawls, scarves, and travel goods.
The Nepal Preference Program is authorized for ten years and designed to help Nepal’s economic recovery from the earthquakes that struck the country in 2015.  The program grants duty-free tariff benefits for certain Nepali exports not currently eligible for duty-free access to the United States’ market.  It also authorizes a trade capacity building program, focused on helping Nepal implement the World Trade Organization’s Trade Facilitation Agreement.
“The legislation provides a unique opportuntity for Nepali businesses to expand their exports to U.S. markets,”  said U.S. Ambassador Alaina B. Teplitz.  “These trade preferences will provide some support, but ultimately Nepal’s broader economic development will be achieved through policy reform that incentivizes investment, an improved business environment and labor reform that supports all sectors.”
 

Source: https://np.usembassy.gov/nepal-trade-preference-program/ 


Most Recent News

Title Category Create Time Eng Nep
China announces zero-tariff treatment for 98% of tariff lines for 16 LDCs News 2022-08-07 00:00:00.0
8% Cash Incentives in some of the Potential Export products News 2022-08-05 00:00:00.0
Nepal participated in Biofach Trade Fair 2022 in Nuremberg, Germany. News 2022-08-03 00:00:00.0
जनप्रशासन संघ एवं व्यापार तथा निकासी प्रवर्द्धन केन्द्र बिच अन्तरकृया कार्यक्रम सम्पन्न News 2022-07-29 00:00:00.0
भन्सार एजेन्टको परिक्षामा उत्तिर्ण भएकाहरुलाई ईजाजतपत्र News 2022-07-27 00:00:00.0

Search All News

Title Category Eng Nep
काठमाडौंलाई व्यापारको हब बनाइने News
मुस्ताङको स्याउ बजारमा News
Nepal-India ICG meeting will be focused on trade facilitation News
Minister Yadav directed the ministry to make Birjgunj ICP ready for inauguration in 3 days. News
Govt fixes support price for coffee News
Rebranding the West News
Services-led growth key to Nepal’s green, resilient, and inclusive development News
Production of seven provinces in a single sales center News
Cardamom insurance, compensation if plant dies News
From now 'output- based' on grants only News
Nepalese Chyangra farmers trained to add value to pashmina fibres News
India hands over Jaynagar-Kurtha cross-border rail section News
Discussion on Trade facilitation News
ECTS system in Nepali cargo coming to Kolkata port. News
DoC introduces ExIm code for traders News
ITC partners with national private and public stakeholders and the World Bank to establish a Nepali value chain for the Pashmina sector. News
Revolving fund of Rs 10 million set up for agriculture and education News
Commerce and Trade Agreement will be reviewed News
Insurance designed to make cardamom farming commercial News
Training of Trainers (TOT) on Nepali products designs as per Demand in the International Market News
Policymakers voice for enhancing bilateral economic cooperation News
Prime Minister's China Visit: Agreement on three ports News
The process of building dry port in Chobar has started. News
Export opportunities emerge as Nepal prepares move beyond LDC status News
Kiwi fruit saplings being exported to Bhutan News
Railway agreement between Nepal and India News
TIFA meeting after 6 years: US interest to increase export of Nepali products. News
Root cause analysis addresses non-tariff measures in Central Europe News
कफी खाने बढे, सरकारले ध्यान दिए अर्थतन्त्रको खम्बा बन्नसक्छ News
Nepali Cargo Rail Access to Calcutta News
U.S.-Nepal Joint Statement on 3rd Trade and Investment Framework Council Meeting News
राष्ट्रवादी नाराले हुँदैन, उपभोक्ता र व्यापार सन्तुलनका लागि सस्तो वस्तु आयात गरेर महँगो वस्तु निर्यात गर्ने हो : सरद बिक्रम राणा [अन्तर्वार्ता] News
EU-Nepal Trade and Investment Project News
Minimize Trade Deficit News
'EXIM Code mandatory from Augusut: Deposit amounted reduced to 3 lakhs News
Nepal: Coffee Export Guides, Market Access Map and Quality for Trade Platform launched News
सुनको मूल्य तोलाको एक लाख नजिक News
President Obama Signs Nepal Trade Preferences Bill News
Minimize trade deficit News
Nepal-China trade: free trade feasibility study on the cards News
President Obama Signs Proclamation to Implement Nepal Preference Program News
Int'l Women's Trade Expo concludes on a high note News
Nepal-China trade set to surge with Tatopani Customs re-opening News
Kerung is now an international border point News
भन्सार एजेन्टको परिक्षामा उत्तिर्ण भएकाहरुलाई ईजाजतपत्र News
ADB forecasts modest economic growth News
Govt targets 4% GDP contribution from NTIS products News
Department of Customs and the Trade and Export Promotion Centre sign Memorandum of Understanding News
जनप्रशासन संघ एवं व्यापार तथा निकासी प्रवर्द्धन केन्द्र बिच अन्तरकृया कार्यक्रम सम्पन्न News
लगानी प्रवद्र्धन केन्द्रित नीति बनाउन सुझाव News
Nepali VP sees huge market in China for Nepali products News
Consultation meeting on Trade Policy Review held News
It is important to increase the role of TEPC News
Nepal participated in Biofach Trade Fair 2022 in Nuremberg, Germany. News
वित्तीय क्षेत्र सुदृढीकरण गर्न विश्व बैंकको १८ अर्ब ऋण सहयोग News
Economic growth rate of Province-2 is 3.5 percent News
Cargo tracking system will be implemented soon : Ministry of Industry, Commerce, and Supplies News
Foreign Trade Statistics of Nepal [First two months (Shrawan-Bhadra) of Fiscal Year 2074-75] News
8% Cash Incentives in some of the Potential Export products News
राष्ट्रिय सम्पत्तिको मूल्यांकनमा जोड News
Cereal crop production up, vegetable production down in Karnali News
The problem of trade and transit between Nepal and India will be resolved. News
Nepal to discuss trade barriers at IGC meet News
China announces zero-tariff treatment for 98% of tariff lines for 16 LDCs News
इन्डोनेसियाको निर्यात प्रतिबन्धले नेपालमा असर News
Government and World Bank complete annual review of portfolio performance News
Around 50,000 he-goats, sheep to be brought in Valley for Dashain News
Millions of rupees of tax evasion in carpet industry revenue News
Nepali EPG urges new peace, friendship treaty with India News
MoC launches updated NTIS 2016 News
चियाले विदेशी मुद्रा भित्र्याएको दाबी News