Export of NTIS products increases by 10 percent

CEO Correspondent

Kathmandu, July 22: Export of products listed under Nepal Trade Integration Strategy (NTIS) increased by 10 per cent in the first 11 months of fiscal 2017-18, according to the Trade and Export Promotion Centre (TEPC).

The country  exported various such products worth Rs 32.9 billion listed under NTIS in the first 11 months of fiscal year 2017-18 compared to Rs 29.85 billion in the corresponding period of the previous fiscal.  Tea, cardamom, ginger, medicinal and aromatic plants, carpets, leather products, pashmina, footwear, textiles etc. have been identified as products having comparative and competitive advantage.

Likewise, semi-skilled and skilled professional services, information technology and business process outsourcing and tourism have been prioritised as services with prospects to gain a competitive edge in the international market

The government is also providing support for the development of these products and services.

Among the above-mentioned products, export of footwear, pashmina and carpets, nevertheless, went down in the review period. The country exported cardamom worth Rs 4.61 billion, ginger Rs 680.5 million, tea Rs 2.91 billion, and medicinal and
aromatic plants Rs 992 million in the first 11 months of fiscal 2017-18. In the review period, textiles worth Rs 13.16 billion, leather Rs 776 million, footwear Rs 1.06 billion, pashmina Rs 2.27 billion and carpets Rs 6.44 billion were exported.

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