Question

Pakistan is facing shortage in import due to global pandemic.

a. As there is shortage in the market, what effect would it have to the products which are early imported?

b. What effect would be it have on the local produced good?

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Answer 1

Answer:

In an unprecedented global health crisis, trade is essential to save lives and livelihoods; and international co-operation is needed to keep trade flowing. In the midst of significant uncertainty, there are four things we can do: 1) boost confidence in trade and global markets by improving transparency about trade-related policy actions and intentions; 2) keep supply chains flowing, especially for essentials such as health supplies and food; 3) avoid making things worse, through unnecessary export restrictions and other trade barriers; and 4) even in the midst of the crisis, think beyond the