The US is one of the important trading partners of Nepal. It is also the biggest source of hard currency for Nepal primarily from the export of garments and carpets as well as from tourist incomes. After the end of the quota system under Multi-fibre Agreement (MFA) in 2004 the export of Nepali readymade garments to the United States of America has declined significantly. Nepal has been consistently advocating for duty-free facilities for its exports to the US, especially the ready-made garments.