Why Export is Important?

An export process has a lot of advantages, let’s go to identify some of them:

       1. Export is based on comparative advantage where countries mutually gain.

       2. Export strengthens political, social and cultural ties between countries.

       3. Export expands and generates more capital.

       4. The world has different seasons at the same time. Export stabilizes production for season-based products.

       5. Export maximizes production capacity contributing unemployment reduction.

       6. Export helps to find new foreign markets to minimize risks.

       7. When you export, you can only test your strength.

       8. With World Trade Organization (WTO) agreements, the whole world is available to you as your market; so, you can reach out to different corners and maximize you potential.