Question

Give 3 reasons to support the idea that COVID-19 increases the importance of international trade.

Answer 1

Covid 19 increases the importance of International Trade and the three reasons that can support this claim include

1) the vaccine development issue for the covid-19 crisis is escalating between the countries so that the trade of information between the countries based on their findings is important to fasten up research

2) dependence on huge amount of pharmaceuticals and Technology from one country to another can promote international trade and for instance India is one of the largest producer of pharmaceuticals in the world and United States is supporting with its Technology so that both can co-operate with each other to develop better world

3) simultaneous cooperation on the basis of cultural habits is necessary so that trade between the researchers can develop in all the sectors so that any issue further and even in the far future can be tackled collectively and with this reason sharing of information and international trade will grow win the countries so that addressing problem should become lot easier