export incentives

export incentives

the financial assistance given to domestic firms by the government as a means of promoting EXPORTS and assisting the country's balance of payments. Export incentives include direct subsidies to lower export prices (EXPORT SUBSIDY), tax concessions (remission of profits earned on exports), credit facilities (cheap export finance) and financial guarantees (provision for bad debts, etc.). Export incentives are often viewed as an

‘unfair’ trade practice by other countries and frequently result in retaliatory action being taken by them. See COUNTERVAILING DUTY, BEGGAR-MY-NEIGHBOUR POLICY.

References in periodicals archive ?
And CITI has been knocking at every door, from the Prime Minister's Office to the textile ministry for immediate restoration of export incentives for cotton yarn, 'the most vulnerable sector at this juncture,' adds the CITI chairman.
However, under the umbrella of CPEC the cost would be minimised and export incentives increased.
He pointed out that the company is facing non-disbursement of export incentives worth EGP 50m since seven months.
The policy implication is based on an analysis of whether export incentives work, entailing detailed examination of the Rs 6,000 crore package for the apparel sector announced in June 2016, which revealed that while exports of readymade garments (RMG) made of man-made fibres (MMFs) increased, the package did not have a statistically positive impact on RMG made of other fibres like silk and cotton.
In this role she manages the deliverables for the Export Incentives program for the state.
Attempts to further integrate the Tunisian and EU economies under the DCFTA will lead to increasing export incentives for the olive oil industry as Tunisia has a comparative advantage in this field.
The value-added textile sector appears to start reflecting a positive vibe on the government export incentives package as its exports were recorded upward in the first seven months of the current fiscal year of 2016-17.
CBOS Acting Governor explained that the Bank's policy during this period focused on export incentives, encouragement of nil value import and the implementation of the system of government's share collection from the gold companies in kind, stressing that these policies enabled the Central Bank to fulfill its external obligations, to secure the import of strategic goods and its efforts towards writing off Sudan foreign debt amounting to $ 45 billion in 2015, pointing out that the economic embargo has prevented the debt relief even though Sudan meets the required conditions.
Indias resurgent seafood industry got a major impetus with Union Commerce and Industry Minister Mrs Nirmala Sitharaman announcing a raft of measures, including setting up of agencies for aquaculture and fisheries in all coastal states and export incentives for marine products under Merchandise Exports from India Scheme (MEIS), at a high-profile international seafood conference in Visakhapatnam today.
He said special subsidies and export incentives have proved instrumental in stimulating the growth of world-wide IT sector with very positive spill-over effects for the growth of rest of the economy and government should seriously consider extending similar support to IT industry in Pakistan.
We want the same standards that the 17 countries [that have a higher gross domestic product (GDP) than Turkey] we compete with have in terms of employment conditions, the procurement of raw materials and export incentives," he said.

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