My Drops!

Regional Integration can be understood as a process where countries in the nearby region opt for a regional agreement, of course with the prime motive of enhancing the regional cooperation and development guided by the regional level institutions and legislation at the regional level. We understand that whenever we talk about the development, even before 1990, development was only about the economic development. Though the legacy of the regional integration may go back to many decades, a distinct and developed form of regional integration was exhibited by the European region after the Second World War. Second World War proved devastating for Europe which then decided to integrate itself as a regional unit. Yes, it took long but now European Union (EU) is an example for others to follow in the world. There are stages of regional integration with a motive of economic development which can be illustrated as follows: A Preferential Trade Area (PTA) is a trading coalition that giv...

Nepal is one of the largest producers of Ginger in the world itself, but one may be surprised to know that the farmers yet are not motivated to cultivate Ginger. The farmers are compelled to sell their produces in cheaper rate because India decreases its import of the product. The farmers thus do not even be able to meet their cost of production . The biggest hurdle for the country is that more than 90% of the ginger produced in the country is exported to India ; this lack of trade diversification has doomed Nepal into further trouble. According to both bilateral and regional trade agreements, India cannot levy taxes on products here being a Free Trade Area but still that happens. One can get surprised how that happens, the reason being the Non-Tariff Barriers (NTB) . NTBs are such mechanism which deals with the quality standards and not the quantitative standards. Because the quality standards are usually different at different places, one cannot meet the quality standards and...

Oxford Advanced Learner’s Dictionary defines “warehouse” as “a building where large quantities of goods are stored, especially before they are sent to shops/stores to be sold”. Usually, warehouses can be referred to as those commercial buildings which are used for the storage of the goods. And the s tored goods may range from any raw materials, packing materials, and spare parts, components to finished goods associated with agriculture, manufacturing, or commerce. For the trading of the agro commodities, warehouses play a significant role but trade value and trade volume reaches a satiable state when the warehouse receipts are used. Investopedia defines the “warehouse receipt” as “a receipt used in futures markets to guarantee the quantity and quality of a particular commodity being stored within an approved facility”. Such warehouse receipts can be used to settle the expiring futures contracts and the delivery of the actual commodity does not remain that essential. Like a share ...