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Has Generalized System of Preferences Scheme Influenced Nepalese Exports to the United States? An Empirical Analysis

Economic Journal of Development Issues

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Title Has Generalized System of Preferences Scheme Influenced Nepalese Exports to the United States? An Empirical Analysis
 
Creator Bhandari, Ganga Ram; Ministry of Finance, Government of Nepal
 
Subject Economics
Generalized system of references; International trade; Exports; Imports; Trade balance
 
Description This paper attempts to evaluate the impact of generalized System of Preferences (GSP) scheme on exports of Nepal to the United States (US). Nepal-US trade is very crucial because the US is still the second largest export destination of Nepal. Thus, it is pertinent to study exports of Nepal to the US under GSP scheme. Empirical results show that impact of GSP scheme is very minimal and negative. Other factors than liberal policy viz. GSP determines exports of Nepal to the US. Weakening exports capacity and declining trade transaction of Nepal to the US is of major concern. In this regard, to sustain the export of existing but declining exportable items like garment, carpet, pashmina and handicrafts and development and promotion of GSP eligible new products and services will only be the resolution of this obstruction.Economic Journal of Development Issues Vol. 17 & 18 No. 1-2 (2014) Combined Issue, Page: 29-39
 
Publisher Department of Economics Patan Multiple Campus
 
Contributor —
 
Date 2016-02-08
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-Reviewed Article
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Format application/pdf
 
Identifier http://www.nepjol.info/index.php/EJDI/article/view/14520
10.3126/ejdi.v17i1-2.14520
 
Source Economic Journal of Development Issues; Vol 17 & 18 (2014); 29-39
2091-2285
2091-055X
 
Language eng
 
Relation http://www.nepjol.info/index.php/EJDI/article/view/14520/11796
 
Coverage Nepal
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Rights Copyright (c) 2016 Economic Journal of Development Issues