Benefits to Canada
If Pestell minerals exports sodium bicarbonate to Nepal they will have to import it from the United States in bulk and then package it into 50lbs bags or tote bags. With handling this extra material Pestell will need to hire people for the transportation of the product, the packaging of the product and the office jobs for setting up distribution. The extra jobs crated and an increase in exports will boost Pestell’s income which in turn will boost Canada’s economy. Also by exporting goods to Nepal our trade relations with Nepal will increase resulting in an increased potential to import products from Nepal and place Canadian investments in Nepal (Government of Canada, 2014). |
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Benefits to Nepal
Nepal, through introducing new knowledge and technology has an enormous potential to increase its food production. With an increase in food production Nepal can increase its food exports which will help with the country’s trade imbalance (Paudel, 2016). Through the introduction of sodium bicarbonate to dairy farmers in Nepal, with proper management dairy farmers can increase the health of their cows by preventing digestive disorders such as subacute ruminal acidosis (Marden et al., 2008). With the increased health of the cows the farmer will have less sick animals and spend less money on medication for the cows. Also when sodium bicarbonate is fed to cows they have a chance of increasing their milk production (Kilmer et al., 1981), meaning Nepalese dairy farmers have an increased potential to sell more milk and make more money. To introduce sodium bicarbonate to dairy farmers in Nepal there will have to be sales people to promote the product. Once buyers have been established their will need to be people that will transport the sodium bicarbonate to the many difficult regions in Nepal on a regular basis. The jobs created and the sales of sodium bicarbonate will help the Nepalese economy as it will provide more people with jobs and the company selling sodium bicarbonate will increase their profit. |