Components of trade policy, Macroeconomics

COMPONENTS OF TRADE POLICY:

External sector reforms beginning with 1991 included dismantling of  trade restrictions along with tariff rationalization, a move towards current account convertibility, liberal inflows of private capital, removal of  restrictions on dividends, royalties, technical fees outflows and gradual liberalization of restrictions on outflows involving residents. To  be more  specific, the trade policy changes  included  simplification of procedures  and removal  of procedural bottlenecks, removal of QRs, broadening of export incentives and export promotion schemes to a large number  of non-traditional  and  non- manufacturing exports,  strengthening  the export  production  base, technological up gradation and improvement of product quality, identification of thrust areas and thrust products, shift from direct export subsidy  to indirect promotional measures and phased removal of all BOP related QRs by 2001. 

 

 

Posted Date: 11/9/2012 4:36:06 AM | Location : United States







Related Discussions:- Components of trade policy, Assignment Help, Ask Question on Components of trade policy, Get Answer, Expert's Help, Components of trade policy Discussions

Write discussion on Components of trade policy
Your posts are moderated
Related Questions
The managers of Firm A recommend that Firm A purchase Firm B because the purchase will diversify the business of Firm A. Diversification of risks is a desirable strategy for indivi

The government in the cross model Net taxes NT(Y) depends positively on real GDP in the cross model In this model when national income increase

Do you agee or disagree " Economic theory helps society reach economic goals that it has selected for itself?" Justify your answer.

Suppose that an individual stock's return is normally distributed with a mean of 9% and a standard deviation of 4%. What is the probability that the stock's return will be less tha

The opportunity costs associated with the use of resources owned by a firm are: a. externalities b. implicit costs c. explicit costs d. sunk costs

Suppose you buy call options on Microsoft stock. Each option costs $2 and has the strike price of $40 and the expiration date July 1. Discuss whether you would exercise the options

what is economic laws ans characteristics of economic laws?

Q. Determine the Exchange rate? Exchange rate is determined by the ratio of domestic price level to the foreign price level. If, for instance domestic prices increase by 10% wh

Assume that an economy's GDP Y=5000. Also assume that the government runs a deficit where tax revenue T=1000 and government expendituresG= 1500. The consumption function is represe

Define elasticity of supply. What factors influence Elasticity of Supply? There is only one type of identifiable elasticity of supply measuring the responsiveness of market sup