Challenges in Nepal's Foreign Trade

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30 Questions

What is the Ministry of Foreign Affairs (MOFA) responsible for?

Conducting foreign relations of Nepal

Which organization does Nepal have a long-lasting faith in according to the text?

United Nations

What are the two basic principles guiding the foreign policy of Nepal according to the text?

Respect for territorial integrity and sovereignty, Non-interference in internal affairs

What does foreign policy primarily aim to preserve according to the text?

Independence and security

Which policy does Nepal follow regarding alignment according to the text?

Nonalignment policy

What is the main focus of foreign policy in terms of economic interests?

Pursuit and protection of economic interests

What is the definition of import trade?

When a trader in home country purchases goods from another country

Which type of trade involves re-exporting processed imported goods?

Entrepot Trade

Who are Nepal's main trading partners?

India, China, Bangladesh, USA

What are the main products that Nepal exports?

Clothing, carpets, handicrafts, leather and jute products, vegetables and cereals

When did Nepal adopt a liberal trade policy?

1992

What influenced Nepal's foreign trade towards a wide range of countries?

Becoming a WTO member in 2004

What is one of the major problems of foreign trade in Nepal according to the text?

Limited economic activities

Which type of goods does Nepal mainly export based on the text?

Low-quality raw materials

What contributes to the inability of Nepali products to compete in international markets according to the text?

Low cost of production

Why does Nepal face a trade imbalance issue according to the text?

Having low capital formation

What does Nepal lack that hinders its ability to compete in international markets based on the text?

Advanced technologies

Which factor makes international trade more competitive according to the text?

Exporting low-quality goods

What is the main role of Nepal at the UN based on the text?

Hosting the UN Regional Centre for peace and disarmament

When did Nepal join the UN?

14 December 1955

What has Nepal been actively involved in at the UN?

Peacekeeping operations

Which of the following best describes Nepal's stance on disarmament?

Support for general and complete disarmament

How does the world community perceive Nepal's peacekeepers?

Highly efficient and honest

What is Nepal's contribution to peace zones according to the text?

Establishing peace zones worldwide for world peace

What is Nepal's stance on the reformation of the UN Security Council?

It should be made more representative and transparent

Which type of weapons has Nepal been calling to be eliminated?

Biological and chemical weapons

What has Nepal done in support of peace and security according to the text?

Supported UN decisions and resolutions

Which organization has recognized Nepal for its active role in peace and disarmament?

UN Regional Centre for Peace and Disarmament in Asia and the Pacific

What is Nepal's position on human rights according to the text?

Calls for protection and promotion of human rights

In international forums, what has Nepal advocated for regarding small landlocked countries?

Protection of their rights

Explore the economic challenges faced by Nepal in foreign trade, including trade imbalance, low quality goods, and high cost of production. Learn about the impact of importing daily use items and luxury goods on the country's economy.

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