Obama signs Nepal trade Bill

The legislation is seen as a boost to the Nepalese garment industry which has been on the verge of collapse since the expiry of Multi Fibre Agreement, popularly known as quota phase out, in January 2005. After the expiry of MFA, the US government has been imposing around 17 per cent tariff on import of cotton apparels.The Nepal programme is authorized for ten years and is designed to help Nepal…

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