In a significant boost for Nepal’s Pashmina industry, a comprehensive trade facilitation guide has been launched to support small-scale businesses in exporting the renowned Nepali Pashmina to major international markets. The guide was jointly unveiled by Myriam Ferran, Deputy Director General for International Partnerships of the European Commission; Veronique Lorenzo, Ambassador of the European Union to Nepal; Baburam Adhikari, Joint-Secretary at the Ministry of Industry; and Dhan Prasad Lamichhane, President of the Nepal Pashmina Industries Association, during a function held at the Nepal Pashmina Fibre Processing Facility in Lalitpur on Tuesday.
Developed with technical support from the EU-Nepal Trade and Investment Programme, implemented by the International Trade Centre, the comprehensive guide aims to facilitate Nepal’s Pashmina export endeavors in major markets such as Japan, the European Union, the United States, and the United Kingdom.
The guide provides a step-by-step explanation of the export processes, including firm registration, licensing, directives, customs procedures, shipment, and logistics. It also offers insights into the import requirements of destination countries, covering tariffs, quality standards, shipping costs, timeframes, essential documents, and other crucial trade information.
Simultaneously, the Nepal Pashmina Fibre Processing Facility, established with technical support from the EU-Nepal Trade and Investment Programme, was inaugurated at the event. The facility processes fiber collected from Chyangra farmers and supplies it to Pashmina producers, strengthening the Pashmina value chain.
Nepal’s Himalayan Chyangra Pashmina holds a distinguished position in the international market due to its unique quality and cultural significance. The ‘Nepal Trade Integration Strategy 2023’ identifies Chyangra Pashmina as a highly prioritized exportable product, while the ‘Pashmina Sector Export National Strategy 2022-2026’ aims to elevate Pashmina exports to $75 million by 2026.
Joint-Secretary Baburam Adhikari emphasized, “Nepal’s Himalayan Chyangra Pashmina holds a distinguished position in the international market due to its unique quality and cultural significance. The government of Nepal has designated Pashmina as one of the high-priority exportable products. The guide is poised to become a useful source of information about the process for Nepali Pashmina exports, offering comprehensive information about our destination markets.”
Myriam Ferran, Deputy Director General for International Partnerships of the European Commission, stated, “As a longstanding partner in Nepal’s development journey, the European Union reaffirms its unwavering dedication to bolstering Nepal’s prosperity through enhanced trade and investment avenues. This comprehensive guide serves as an instrument to support the Pashmina value chain to harness the immense potential of Nepal’s Chyangra Pashmina in the international market.”
The launch of the comprehensive guide and the fiber processing facility marks a significant step forward in promoting Nepal’s Pashmina industry and supporting small-scale businesses in tapping into lucrative international markets, ultimately contributing to the country’s economic growth and development.
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