Export Promotion Flashcards
1
Q
What is export promotion
A
Measures by government to increase production for exports
Outward policy
2
Q
Methods for export promotion
A
Incentives
Subsidies
Trade neutrality
Export processing zone
3
Q
Why promote exports
A
Easier to compete in international markets
Economic growth
Enlarge production capacity
4
Q
Advantages of export promotion
A
No limitations
Increased production
Value added to resources of country
Positive effect on BOP
5
Q
Disadvantages of export promotion
A
Lack of competition
Increased tariffs and quotas
Seen as dumping
Protection of labour intensive
