Nepal exported $25 million of pashminas in 2016, making these scarves and shawls one of the country’s most well-known products. But exporters face a significant hurdle in the form of import tariffs on the wool and silk they need to make finished products. 90% of pashmina exporters import at least some of these materials. A new World Bank Group report explores how Nepal could change its trade policies to increase exports and improve competitiveness: http://wrld.bg/HuAi30hnoIO
Improved Trade Policies Can Expand Exports and Drive Growth in Nepal
Pashminas – scarves and shawls in bright colors made from the wool of Himalayan goats – are one of Nepal’s most well-known exports. In 2016, the country exported over $25 million worth of these products, comprising 3.6% of the country’s total exports. Although the products are popular on int…
