11.07.2015 Views

Ministry of Commerce And Supplies - Enhanced Integrated ...

Ministry of Commerce And Supplies - Enhanced Integrated ...

Ministry of Commerce And Supplies - Enhanced Integrated ...

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

N T I S20101.5 Expanding an ‘Inclusive’ Export Base: 19 Export PotentialsTo foster the growth <strong>of</strong> an export base that can help in meeting Nepal’s need for poverty reduction andinclusive growth, the challenges are fourfold: Diversify and expand the basket <strong>of</strong> goods and services that are exported Diversify and expand the number <strong>of</strong> export destinations Move up the value chain Ensure that the goods and services export sectors that are expanding have a robust, positive impact oninclusive growthTable 1.5Number <strong>of</strong> HS-6 Products Exported and Average Number <strong>of</strong> Markets perExported Products. Nepal Compared to Selected Countries, 2006Number <strong>of</strong> HS-6 products Average number <strong>of</strong>RankCountryexportedmarkets per product1 USA 4,931 46.02 China 4,871 52.13 United Kingdom 4,819 38.512 Japan 4,539 22.219 Taipei (SARC) 4,261 20.424 Korea, Rep. 4,208 18.7SAARC Countries11 India 4,582 25.860 Pakistan 2,252 8.765 Sri Lanka 2,037 5.183 Bangladesh 1,215 5.999 Nepal 821 2.8176 Bhutan 104 1.1200 Maldives 24 5.0ASEAN Countries13 Singapore 4,392 16.125 Malaysia 4,177 12.727 Thailand 3,993 16.929 Indonesia 3,855 11.743 Viet Nam 3,072 8.159 Philippines 2,301 7.9110 Myanmar 686 3.7117 Cambodia 628 4.4135 Lao PDR 359 3.0Source: ITC, 2006 export data (direct and mirror)Some <strong>of</strong> these challenges are well illustrated in table 1.5, showing the number <strong>of</strong> HS-6 products exportedby Nepal in 2006 and the average number <strong>of</strong> importing markets for such products. With a total <strong>of</strong> 861 HS-6products exported to an average <strong>of</strong> 2.8 markets each, Nepal compares to most other LDCs in the Asia regionbut falls short <strong>of</strong> more developed countries: USA (4,931 products to 46 markets on average), China PRC (4,871products to 52 markets on average), the UK, or even India or Singapore. The need for service exports is not allthat different: product diversification, market diversification, and value chain improvements.To meet the aforementioned objective <strong>of</strong> expanding an inclusive export base, 19 goods and services sectorswere identified based on an initial assessment <strong>of</strong> export performance and some extensive discussions withNepalese business community and government <strong>of</strong>ficials, including those from the MoCS. The list <strong>of</strong> 19 exportNEPAL TRADE INTEGRATION STRATEGY 2010BACKGROUND REPORT9

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!