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Import and Export

Import the things more the country really need
For its economic development
Such as food, raw materials for various industries
Technology, electric power and so on.

Export the things that are surplus and competitive
And whose demand is in the foreign countries.

With a view to boost export
The government should minimize export duty
And encourage the exporters
By reducing tariff on import of associated raw materials.

The government must discourage import of nonessential items
By imposing higher import duty
And encourage production of luxury items in the country.

In the modern world international trade can play a vital role
In the economic development of any country
That’s why the governments must emphasize on it evermore.

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