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Export promoting and supporting government policies

14.12.2023 | 06:00 |
 Export promoting and supporting government policies

Export promoting and supporting government policies are designed to help businesses export their products and services to foreign markets. These policies can take a variety of forms, including:

Financial assistance: Governments may provide financial assistance to exporters in the form of grants, loans, and tax breaks. This assistance can be used to cover the costs of export-related activities, such as market research, trade shows, and product certification.

Trade promotion: Governments may promote trade by organizing trade missions and fairs, and by providing information and assistance to exporters on foreign markets.

Trade agreements: Governments may negotiate trade agreements with other countries to reduce tariffs and other barriers to trade.

Export insurance: Governments may offer export insurance to protect exporters from the risk of non-payment by foreign buyers.

Export credit: Governments may provide export credit to foreign buyers to help them purchase goods and services from exporters.

Here are some examples of export promoting and supporting government policies:

United States of America:

Here are examples of export-promoting and supporting government policies from USA. Export-Import Bank (EXIM) provides loans, guarantees, and insurance to facilitate export financing, enabling businesses to compete more effectively in global markets. Small Business Administration (SBA) offers a variety of export loan programs specifically tailored for small businesses. Foreign Commercial Service (FCS) is a global network of trade professionals working to connect U.S. exporters with opportunities in foreign markets, offering matchmaking services, trade missions, and market intelligence. U.S. Department of Commerce offers a wealth of online resources on export regulations, market research, and trade data through its International Trade Administration (ITA).

United Kingdom:

The UK government has a number of programs in place to support exporters, including the Export Support Service, which provides advice and support to businesses on all aspects of exporting. The government also offers a number of financial assistance programs, such as the UK Export Finance scheme, which provides export insurance and export credit.

France:

The French government has a number of programs in place to support exporters, including the Team France Export program, which provides a one-stop shop for businesses seeking export support. The government also offers a number of financial assistance programs, such as the BPI Export program, which provides loans and guarantees to exporters.

Germany:

The German government has a number of programs in place to support exporters, including the Germany Trade and Invest agency, which promotes German exports and attracts foreign investment to Germany. The government also offers a number of financial assistance programs, such as the Hermes Export Credit Insurance group, which provides export insurance and export credit.

These are just a few examples of the many export promoting and supporting government policies that are in place in European countries. Governments around the world recognize the importance of exports to their economies, and they offer a variety of programs and services to help businesses export their products and services.

Turkmenistan has useful information resources about exporters and for exporters. Here are just a few of them:

  1. Export platform https://turkmenexporters.com.tm. The main goals of the platform are:

• the creation of a unified database on Turkmen goods and manufacturers;

• providing assistance to manufacturers of Turkmenistan in selling their goods and services in foreign and domestic markets;

• providing quick interaction between supplier and customer in the process of searching and purchasing goods and services.

Today TurkmenExporters.com.tm is the leading export platform in Turkmenistan and provides trade and business information for international business community.

  1. Business directory of companies of Turkmenistan - https://trade.com.tm/

  2. The trade portal of Turkmenistan is administered Ministry of Trade and Foreign Economic Relations Turkmenistan - https://infotrade.gov.tm/?l=ru

Exporters should research the export promoting and supporting government policies that are available in their own country and in the countries they are exporting to. This information can be found on the websites of government agencies such as trade ministries and export promotion agencies.

Photo: Pexels.com

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