12
External Trade
LEARNING OBJECTIVES
After studying this chapter, you should be able to know—
- Meaning of External Trade
- Importance of Foreign Trade
- Difficulties in Foreign Trade
- Basis of Foreign Trade
- Importance of Export Trade
- Means of Export Promotion — Institutional Support, Financial Incentives, Fiscal Incentives
- Financial Incentives for Exports
- Fiscal Incentives for Exports
- Price Quotation and Terms of Shipment
- Methods of Payment
- Export Financing by Banks
- Importance of Documents
- Export Trade Procedure
- Import Trade Procedure
- 100% Export Oriented Units [EOUs]
- Export Processing Zones [EPZs]
- Special Economic Zones [SEZs]
MEANING OF EXTERNAL TRADE
External trade refers to buying and selling of goods and services between the nationals ...
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