How does Nepal have trade deficit in its foreign trade?Write the measure to improve it
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But the rate of increase in imports is higher than the rate of increase in export. Consequently, Nepal's trade deficit is very high and increasing rapidly every year. The persistent deficit in foreign trade is due to the low production of export-oriented goods and higher import of consumer goods.
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Answer:
But the rate of increase in imports is higher than the rate of increase in export. Consequently, Nepal's trade deficit is very high and increasing rapidly every year. The persistent deficit in foreign trade is due to the low production of export-oriented goods and higher import of consumer goods.
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