Explain five measures that the government may take to improve the volume of exports ( 10 mks)

Explain five measures that the government may take to improve the volume of exports

Measures that the government may take to improve the volume of exports

1. Creation of export processing zones- Where the producers/exporters enjoy a Variety of inceptives/accept e.g. of investors as explanation.
2. Manufacturing under bond to encourage local manufacturers to produce exclusive for export.
3. Export compensation schemes/ subsides schemes by refunding a specific % age of value of goods/services exported/meeting part of the cost of production for exports.
4. Providing information on international markets through publications/seminars/workshops/educational tours
5. Financing those producing for exports by availing credit/loan to exporters.
6.    Participating in international trade fairs/exhibitions/shows to expose the exporters their goods/services
7. Use of commercial attaches/other government agencies to promote exports/advertise/look for markets for exports.
8. Customs drawbacks by refunding tax on imported ran materials used to produce exports.
9. Devaluation of currency to make exports cheaper/increased demand
10. Improved infrastructure to facilitate export production/export trade/accept eggs of infrastructure as a mentioned
11. Entering into trade agreement/blocks/integration/groupings/cooperation to give preferential treatment to a cooling exports
12. Improving on quality/standardization/packaging to make exports more attractive Export credit guarantee scheme to insure/ compensate exporters against risks when selling overseas.
13. Export credit guarantee scheme to insure/compensate exporters against risks when selling overseas.
14. Tax rebates/ lowering of duties on exports/reduction of taxes on inputs used to produce goods for export to make them cheaper/increase their demand/to reduce cost of production.
15. Improve /adopt modern technology in order to increase the volume of goods for exports.

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