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In: Economics

: Describe the current situations and any problems of trade sectors (Imports and Exports) in any...

: Describe the current situations and any problems of trade sectors (Imports and Exports) in any countries and explain possible methods to overcome the problems

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Answer-Current situations of the world economy are in very bad conditions due to COVID 19 pandemic, almost countries economy is suffering from the recession condition, all the trading activities which include exports and imports of goods and services from one country to another country is restricted, one health care products are allowed to be in the trade for the vaccination development of this virus. Let's talk about the current situation of the trade sector in Sri Lanka, Sri Lanka is a country which is situated in South Asia, Sri Lanka is the importer of cotton, plastic, fabrics which they used as raw material to make the finished goods to sale in their country but in this pandemic situation Sri Lanka is not importing any raw materials or finished well from any other countries in fear of the spread of coronavirus in their country, by this their service sector as well as textile industries are suffering from a huge loss and there is also increase in the unemployment rate in Sri Lanka and due to fear of spread countries are also not accepting the exports materials of Sri Lanka which is resulting in negative country development. This COVID 19 pandemic creates chaos in all over the world in trading, proper sanitization of the importing as well as exporting goods and services is the only solution to overcome with this current problem.

Rahul Sunny answered 7 months ago
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