Trade | MCQs

Explanation

Textiles are Pakistan's biggest export commodity, accounting for a significant portion of the country's total exports.

The industry includes a wide range of products, such as cotton yarn, fabric, garments, and home textiles.

Explanation

Explanation

Explanation

In a landmark achievement, Pakistan has joined World Intellectual Property Organization's (WIPO) International Trademark System ‘The Madrid System’, following years of efforts of the country’s Intellectual Property Organization (IPO-Pakistan).

The system allows brand owners to protect their trademarks in over 120 countries through a single and cost-effective procedure

Pakistan becomes the latest 108^th country to deposit its instrument of accession to the Madrid System for international trademark registrations, following the accession of Canada, Brazil and Malaysia (in 2019) and Trinidad and Tobago (early 2021).

Explanation

The GSP+ status provided 66% relief on tariffs for Pakistani goods.

This allowing easier access to European Union markets by reducing trade barriers.

Explanation

• Pakistan Exports all except Petroleum
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  The major exports of Pakistan include textiles, leather and sports goods, chemicals, carpets, and rugs.
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  Pakistan also exports significant quantities of rice, sugar, cotton, fish, fruits, and vegetables
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ND9-11-2022

Explanation

Pakistan's exports are generally less than its imports, resulting in a trade deficit.

This means the country imports more than it exports.

Explanation

The East India Company was an English company formed for the exploitation of trade with East and Southeast Asia and India.

The East India Company was an English, and later British, joint-stock company.

East India Company was established on December 31, 1600.

Explanation

The freedom of association and the right to form unions are provided under Article 17 of the Constitution of Pakistan.

This article guarantees the right to form and join unions or associations for all citizens.

Explanation

United States is the largest export partner while China is the largest import partner of Pakistan.