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Cotton and jute exports contribute significantly to a country's economy by generating foreign exchange earnings, supporting local farmers, and creating employment opportunities in the textile and agricultural sectors. These exports enhance trade balances and promote sustainable agricultural practices, particularly with jute as a biodegradable fiber. Additionally, they help diversify agricultural products, reducing dependency on a single crop and improving resilience against market fluctuations. Overall, cotton and jute exports foster economic growth and rural development.

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1mo ago

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Related Questions

What was the US's most valuable export in 1860?

Cotton


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The plant which is known as jute plant is named after the product it gives us which is jute


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The cotton gin helped us by making it easier for slaves to produce cotton.


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Cotton represented a majority of American export to china and the rest of the world. For such a valuable resource many people were caught in a crossfire of financial greed. Just as silk proved the most valuable to china, cotton proved the most valuable to America.


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It has been grown for over 300 years in the US. Mostly because its used for clothing and that means less stuff we need to import and more we can export.


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