A Comprehensive Review of Country-Wise Foreign Trade Policies and Their Benefits for Foreign Trade (2024-2025)

A Comprehensive Review of Country-Wise Trade Policies and Benefits for Foreign Traders in 2024-2025

In an interconnected global economy, foreign trade policies are pivotal in shaping international commerce and fostering economic growth. As we navigate the complexities of the global marketplace in 2024-2025, understanding the nuances of country-wise trade policies is essential for foreign traders seeking to capitalize on emerging opportunities and mitigate potential challenges. This article provides a comprehensive review of foreign trade policies across key countries and explores the potential benefits for foreign traders in the coming year. The Global Trade Landscape:The Read Full Details…

Top Machinery by Different Sectors into Global Import-Export

Top Machinery by Different Sectors in Global Import-Export

Top Machinery by Different Sectors in Global Import-Export

Taking Nepali tea to the world

Nepal is uniquely positioned to cash in on growing demand for orthodox and speciality tea in the international market. Nepal is one of the most fertile places in the world to grow high-quality tea. And, naturally, tea remains at the centre stage of Nepali culinary culture. Like much of South Asia, Nepal indulges in boiled tea mixed with milk, sugar, ginger and cardamom; but Nepali tea cannot be put in the same cup as other varieties elsewhere, not least the Read Full Details…

Nepal enjoys trade surplus with only 33 countries

While Nepal has bilateral trade with 154 countries, it enjoys a trade surplus with only 33 countries. According to the Department of Customs (DoC) statistics, Nepal has a trade surplus with countries including Denmark, United States, Algeria, Cambodia, Norway, Romania, Chad, Uruguay, Afghanistan, and Latvia. However, this does not hold much significance in terms of the monetary value as the trade surplus is pretty low as the country does not have large bilateral trade with these countries except the United Read Full Details…

85 percent of flour mills shut after India restricted wheat export

The eight-month-long ban on the export of wheat by the Indian government has forced 80-85 percent of flour mills in Nepal to shut down. Flour producers said that the ban has also created a shortage of refined flour and wheat flour in the market. Dinesh Kumar Agrawal, senior vice president of the Nepal Flour Mills Association, said that domestically produced wheat is sufficient to operate a flour mill for five months only. “For the remaining months, producers are dependent on Read Full Details…

Decline in edible oil exports drags down Nepal’s overall export

In the last 2-3 years, Nepal’s export figure has largely been dominated by two products—palm oil and soyabean oil, which are basically not produced in Nepal. The edible oils are brought in crude form and refined in Nepal-based refineries and exported to India. Industry insiders say many producers do not even refine the oils as they import refined oils, repackage and label the products and export them to India which results in no to little value addition. Aided by the Read Full Details…