Grain Moisture Meter

The benefits to Canada do not rival the benefits of this product to Nepal, however, they still are notable. For starters, the export of this to Nepal would benefit the exporting company. This would allow for them to expand the market of their product into Nepal. In addition to this, if the product does well in Nepal, they could extend more parts of their product line into this country. Finally, this would also make it easier to expand into more similar developing countries. Overall, all of these would help the company generate more revenue as well as improved brand recognition. Ultimately increased income would allow for them to hire more Canadian workers and improve their product line. This company’s product line consists of many items that are useful in construction. Developing countries are lacking in infrastructure, but are continually trying to improve this (“Infrastructure,” 2012). The construction of improved infrastructure could make use of many of these products, and further benefit the company.

Another benefit that could come is improved relations between Canada and Nepal. Currently, trade goes on between Canada and Nepal, but of relatively small magnitude. According to the Government of Canada, in the years 2012-2013, Canadian exports to Nepal totaled about $7.1 million and imports from Nepal totaled $11.7 million (“Canada-Nepal Relations,” 2013). With Nepal a developing economy, this will likely grow in upcoming years. Therefore, it is beneficial for Canada to develop a strong healthy relationship with Nepal in an effort to become a larger trading partner with them in the future.