Components of trade policy, Macroeconomics

Assignment Help:

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. 

 

 


Related Discussions:- Components of trade policy

Performance management in an organisation, Question 1: (a) Outline the ...

Question 1: (a) Outline the three main methods of recruitment. (b) Discuss the advantages & disadvantages of any one method mentioned above.

Tax credit, Suppose that an investment tax credit is stated to be temporary...

Suppose that an investment tax credit is stated to be temporary in nature, and the credit will be 10% on newly acquired capital (investment) equipment and will last just one year o

Invest into an account, You have 300 right now. You invest into an account ...

You have 300 right now. You invest into an account and 12 years later your investment will be 8 times of the initial investment. What the investment rate if a) The bank pays sim

Economics of scale exist, This economics of scale exist for all of the foll...

This economics of scale exist for all of the following reasons except: a. bureaucratic inefficiencies b. management problems c. failures in information flows d. firm size is to

Testing the hypothesis, An effort to reduce energy costs, a major universit...

An effort to reduce energy costs, a major university has installed more efficient lights as well as automatic sensors that turn the lights off when no movement is present in a room

Explain reversed say''s law, Q. Explain Reversed Say's Law? In the cros...

Q. Explain Reversed Say's Law? In the cross model, supply should instead follow demand. Cross model not only rejects Say's Law, it turns it entirely upside down. In the cross m

State the private sector in the circular flow, State the Private sector in ...

State the Private sector in the circular flow Private sector total income is known as the national income. As private sector receives entire return from the factors of prod

What is net present worth for new computer system, Kermit is considering pu...

Kermit is considering purchasing a new computer system. The purchase price is $106,430. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compo

Price elasticity be somewhat overestimated, Movie attendance dropped 8 perc...

Movie attendance dropped 8 percent as ticket prices rose a little more than 5 percent. What is price elasticity of demand for movie tickets? Could price elasticity be somewhat over

Negative outflow to the u.s. balance, A negative outflow to the U.S. balanc...

A negative outflow to the U.S. balance of payments is generated by the purchase of United States assets (such as United States Treasury bonds) by foreign investors and the sale of

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd