KATHMANDU: A new project funded by the European Union to strengthen Nepal’s path towards more inclusive economic growth and greater integration into regional and global value chains was announced recently in Kathmandu.

Geneva-based International Trade Centre (ITC) will implement the project focused on Nepal’s pashmina fine wool and specialty coffee sectors.

Nepal’s ministry of industry, commerce and supplies (MoICS) will partner with ITC in the project.

The main objective of the project will be to increase trade and the participation of Nepali enterprises in regional and global value chains.

The project also emphasizes on increasing the capacities throughout Nepal’s coffee and pashmina value chain, with a view to connect coffee smallholders and farmers to market.