Objectives of the commercial policy
- To encourage exports and discourage imports in order to achieve favourable balance of payment position.
- To increase foreign exchange earnings in form of increased revenue from exports
- To increase government revenue through import and export duties.
- To increase employment opportunities.
- To encourage industrialization by protecting domestic infant industries.
- To encourage foreign investments and capital inflow inform of loans and grants
- To encourage and promote cooperation with other trading partners.
CATEGORIES Economics
TAGS Dr. Bbosa Science
