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Masteriza
1 month ago
13

Pakistan, Bangladesh, and Sri Lanka specialize in producing which goods for trade?

Social Studies
2 answers:
Mashutka [1.5K]1 month ago
5 0
Both options A and B are logical, but the 'correct' answer is B, Cloth and Clothing. The reasoning involves the desire to enhance bilateral trade relations between Pakistan and Bangladesh, culminating in a planned Free Trade Agreement that focuses on major exports, particularly textiles, agricultural products, leather footwear, and similar goods.
tia_tia [1.5K]1 month ago
4 0
The answer is option B. Bangladesh has attracted significant multinational textile corporations owing to its extremely low labor costs, a consequence of the high poverty rate and inadequate social protection. Since 2005, factory fires have tragically claimed the lives of at least 700 workers. In Sri Lanka, the government initiated privatization and deregulation in 1977, bolstering private enterprise. While tea, rubber, coffee, and sugar production remain significant, the country has progressively shifted toward an industrial economy, enhancing sectors such as processed foods and textiles. In contrast, Pakistan has transitioned its economy from an agricultural focus to a robust service sector, with agriculture contributing approximately 20% to GDP and services accounting for roughly 53%. Foreign investment has surged in areas like telecommunications, real estate, and energy, and the clothing and textile industries continue to represent nearly 60% of exports.
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