U.S.-Nepal Trade Agreement Boosts Footwear Exports
A recent bilateral trade agreement between the U.S. and Nepal has reduced tariffs on specific footwear categories, including house slippers under HS Code 6404.19.87. This is expected to increase exports of these products from Nepal to the U.S.
October 15, 2023
Impact: Positive impact on Nepalese exporters with reduced tariffs potentially increasing market competitiveness and export volumes of house slippers valued between $6.50 and $12 per pair.
Nepal Footwear Industry Seeks U.S. Market Expansion
Nepalese footwear manufacturers, focusing on house slippers with rubber soles and textile uppers, are targeting the U.S. market under HS Code 6404.19.87, leveraging the Nepal Trade Preference Program for duty-free access.
September 20, 2023
Impact: Potential growth in trade volume as duty-free access under the preference program could lower costs for U.S. importers and increase demand for Nepalese slippers in this category.
U.S. Import Data Shows Rise in Nepalese Footwear
Recent U.S. Customs data indicates a 12% increase in imports of house slippers under HS Code 6404.19.87 from Nepal over the past year, driven by competitive pricing and quality improvements.
August 5, 2023
Impact: Increased imports suggest growing U.S. demand for Nepalese house slippers in the specified price range, potentially strengthening trade ties.
