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FOREIGN TRADE
The country has experienced a merchandise trade deficit over the years.
The gap between exports and imports in the country is widening by putting a greater trade deficit pressure to the country.
The major exports items of the country are Articles of Apparel and Clothing Accessories, Iron and Steel, Pearls and Precious Stones, Tobacco, Mineral Fuels and Oils and Cotton.
The exports partners of the country are Germany, USA, UK, France and Italy.
The major Imports items of the country are Machinery and Mechanical Appliances, Optical and Photographic Instruments, Electrical Machinery and Equipment, Pharmaceutical Products, Aircraft Spacecraft and Parts Thereof and Iron and Steel.
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The Imports partners of the country are Germany, Russia, USA, UK, France, Italy and Switzerland.
The following table gives a clear picture upon the levels of exports and imports in the country.
CONCLUSION
The country joined the World Bank in the year 1947 and International Finance Corporation in the year 1956. The World Bank has taken necessary steps for the economic development of the country since a very long.
In the year 2003, the World Bank adopted the new country Assistance strategy for the country.
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