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Nepal’s international trade: Problems exist, but there are some opportunities too

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Photo by  Ian Taylor  on  Unsplash Nepal, being a landlocked country has an important role in the international trade system, especially as a supplier of textiles, garments, and other goods. In recent years, Nepal has faced a number of challenges, including political instability, natural disasters, and economic challenges that blocked Nepal from making progress in international trade. Yet, the country has also made progress in developing its economic infrastructure and increasing its exports. Understanding Nepal’s trade balance with its major trading partners is important while assessing challenges and opportunities. It can provide insights into the country’s economic health and its position in the global economy. An international trade balance is a difference between a country’s exports and imports. A positive trade balance or surplus indicates that a country is exporting goods worth more than it is importing. Meanwhile, a negative trade balance or deficit, indicates...