US trade preferences and Nepal

Every year, the US Congress discusses the utilisation of trade preferences by Nepal.

Nepali goods receive preferences from two windows at the entrance of the United States market. The first is the Generalised System of Preferences (GSP) and the second is the Nepal Trade Preference Programme (NTPP). The GSP complies with the World Trade Organisation’s enabling clause which permits developed countries to offer trading preferences to developing countries. According to the Office of the US Trade Representative, almost 119 countries are beneficiaries of the GSP. The GSP expired in December 2020.