History Of Trade
Since 1965 Canada and Nepal have had a bilateral trade relation, this agreement has benefitted both countries’ economies for more than forty years (Government of Canada, 2014). Between the years of 2012-2013 Canada exported a total of 7.1 million dollars of product mostly consisting of machineries, vegetables, and optical instruments to Nepal (Government of Canada, 2014). Nepal exported a total of 11.7 million dollars to Canada in products such as textile garments and apparels. This well-developed trade argument reached a range of 15 million to 23 million dollars per annum between 2008-2013 (Government of Canada, 2014). Since the start of the trade agreement in 1965 Canada has invested 470 million Canadian dollars to help both large and small programs to further develop the country of Nepal (Government of Canada,2014). The last forty years have benefitted both countries’ and allowed for Canada to become known for its fair trade and agreements with developing countries.