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EXIM policy (Pre and Post Reforms) - International Economics Institution, Business Environment Video Lecture | Business Environment - B Com
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FAQs on EXIM policy (Pre and Post Reforms) - International Economics Institution, Business Environment Video Lecture - Business Environment - B Com
| 1. What is the EXIM policy? |  |
Ans. The EXIM policy refers to the policies and regulations implemented by a country regarding its international trade, specifically focusing on exports and imports. It includes various measures such as tariffs, quotas, subsidies, and trade agreements aimed at promoting or regulating foreign trade.
| 2. What are the pre-reform EXIM policies? | |
Ans. The pre-reform EXIM policies typically refer to the policies implemented before any significant economic reforms took place in a country. These policies often involved heavy government intervention, protectionist measures, high tariffs, and restrictions on imports and exports in order to protect domestic industries and promote self-sufficiency.
| 3. What are the post-reform EXIM policies? | |
Ans. The post-reform EXIM policies refer to the policies implemented after the economic reforms in a country. These policies usually emphasize liberalization, deregulation, and opening up of the economy to global trade. The post-reform policies aim to promote exports, attract foreign investments, reduce trade barriers, and integrate the country into the global economy.
| 4. How do EXIM policies impact the business environment? | |
Ans. EXIM policies have a significant impact on the business environment of a country. These policies can affect the competitiveness of domestic industries, influence the ease of doing business, determine the level of market access for foreign companies, and shape the overall trade environment. Favorable EXIM policies can attract foreign investments, promote exports, and stimulate economic growth, while restrictive policies can hinder international trade and limit business opportunities.
| 5. What are some examples of EXIM policy instruments? | |
Ans. EXIM policy instruments include various measures and tools used by governments to regulate international trade. Some common examples include tariffs (import duties), quotas (limits on the quantity of goods that can be imported or exported), subsidies (financial assistance provided to domestic industries to promote exports or protect against foreign competition), trade agreements (bilateral or multilateral agreements between countries to facilitate trade), and export promotion schemes (incentives and benefits offered to exporters to boost their competitiveness).
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Nov 16, 2024 Last updated |
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