Question

What are the measures for earning profit from foreign trade in Nepal...​

Answer 1

Explanation:

Balance of trade in Nepal is negative as it imports more than it exports both in terms of volume and value. Most exports are agricultural products, handcrafts and raw materials, which are all of low commercial value resources which bring little foreign currency to its treasury.

Answer 2

Balance of trade in Nepal is negative as it imports more than it exports both in terms of volume and value. Most exports are agricultural products, handcrafts and raw materials, which are all of low commercial value resources which bring little foreign currency to its treasury.Foreign trade plays a very important role in the economic development of a country. It promotes economic development by improving competitive capacity, expanding market, and providing modern technology and machineries for industrial and agricultural sector.The major causes of Nepal's increasing trade deficit are landlockedness, low export and high import, low quality goods, improper trade policy, higher cost of production, lack of publicity and advertisement, low production, slow industrial development, lack of trade diversification, etc.

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