Export Promotion (Grade 12 NSC Matric Economics): Flashcards

Govt incentives to encourage domestic firms to export goods

Significant growth driven by international demand

Creates additional jobs across various sectors

Cash payments made directly to exporting companies

Refunding import tariffs and providing tax rebates to exporters

Govt loans at lower interest rates than commercial banks

International markets provide virtually unlimited opportunities

Must focus on cost-effectiveness leading to higher quality

Subsidies artificially reduce real cost, masking inefficiencies

Other countries may impose increased tariffs and import quotas