Question

Vinod deals in purchase of chocolate from Switzerland and sell them to Bangladesh and Nepal identify the type of external trade highlights in the given case

Answer 1

Answer:

As per the latest official data given in Parliament, India’s total bilateral trade with Nepal in FY 2017-18 stands $6.82 billion, but it is highly skewed in India’s favor as India exports goods worth $6.38 billion and imports goods worth $437 million.

Bangladesh, which is 10 times bigger than Nepal in terms of size of economy and over five times bigger in terms of population, is second in terms of India’s bilateral border trade.

Answer 2

Concept introduction:

External commerce is the term used to describe the purchasing and selling of items across international borders. It is sometimes referred to as international trade or foreign trade.

Explanation:

Given that, Vinod deals in purchase of chocolate from Switzerland and sell them to Bangladesh and Nepal.

We have to find, external trade highlights in the given case.

According to the question,

According to the most recent official data presented in Parliament, India's overall bilateral trade with Nepal in FY $2017-18$ was $$6.82$ billion, however it is significantly skewed in India's favor because of $$6.38$ billion in exports and $$437$ million in imports.

Bangladesh is second in terms of India's bilateral border commerce, with an economy that is ten times larger than Nepal's and a population that is more than five times larger.

Final Answer:

Bangladesh is second in terms of India's bilateral border commerce, with an economy that is ten times larger than Nepal's and a population that is more than five times larger.

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