Write about the trade status in Nepal
Please hurry !:)

epal’s main trading partners are India, China, Bangladesh, USA. The country mainly exports clothing, carpets, handicrafts, leather and jute products, vegetables and cereals Nepal imports oil and oil products, machinery & equipment and electronics.

Nepal had adopted liberal trade policy in 1992 and the new Trade Policy is announced in 2014. The foreign trade of Nepal is being directed towards wide range of countries in the world after Nepal became the member of WTO in 2004. Nepal has trade relation with more than 100 countries. Nepal has identified 19 selected items for exports through its National Trade Integration Strategy (NTIS) in 2010.

Nepal is facing a problem of ever increasing trade deficit. Import is rapidly increasing but the increase in export is very low. Nepal is facing trouble to take the advantage of globalization in trade.

Explanation: