The US has agreed to provide technical support for capacity building of Nepali producers in order to increase the volume of exportable goods during the fifth meeting of the Trade and Investment Framework Agreement (TIFA) Council held virtually between Nepal and the US on Tuesday.

The Trade and Investment Framework Agreement (TIFA) meeting led by Baikuntha Aryal, secretary at the Ministry of Industry, Commerce and Supplies and Christopher Wilson, assistant US Trade Representative for South and Central-Asia, also agreed for mutual coordination to foster a digital economy in Nepal based on digital computing technologies.

Although the trade of 77 Nepali products, like carpets, pashmina and travel goods enjoy preferential treatment from the US, Nepal has not been able to take advantage of the facility. The country has not been able to produce them on a large scale, properly market them, enhance the quality and ensure assurance of the standard of the products.

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