state the measures a government may take to promote export . – NABTEB QUESTION

The following are the measures government may take to promote export:

1. Subsides: This is payment made by government to producers in order to reduce the cost of production and make their goods more competitive with foreign ones.
2. Organizing local or international trade fares were home made goods could be displayed to attract foreign marketers.
3. Removal of excise duties on goods meant for export over a period of time.
4. Giving encouragement to exporters to keep their foreign earning for use in the country.
5. Granting of loans to exporters to aid them finance their export trade.
6. Government should carve out industrial areas that are meant for producing goods that are for export.
7. Making available statistical dates as well as trading opportunities to those involved in export trade.
8. Establishing export credits guarantee departments that will play the role insurance companies that take on such risk not covered by commercial insurance companies e.g. political and war risks.