Answer (1)
7th Nov, 2020
One of the risks in export/ import management is political tensions. Trading between countries involves you to pay close attention to the relationship between the two countries. Foreign goods are replacing domestic goods' markets, so the domestic industries are omitted. Low value-added exports can only fetch a small profit. Exports will pave the way for loss of core technologies. The trade deficit will cause currency devaluation and inflation.
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