Describe the role of special government agencies in promoting ...

[abarnes]

Describe the role of special government agencies in promoting exports and imports.
 
  What will be an ideal response?

Question 2

Economic socialism won the battle over communist totalitarianism and capitalism.
 
  Indicate whether the statement is true or false

[lauravaras]

Answer to Question 1

The governments of most nations have special agencies responsible for promoting exports. Such agencies can be particularly helpful to small and medium-sized businesses that have limited financial resources. Government trade promotion agencies often organize trips for trade officials and businesspeople to visit other countries to meet potential business partners and generate contacts for new business. They also typically open trade offices in other countries. These offices are designed to promote the home country's exports and introduce businesses to potential partners in the host nation. Government trade promotion agencies typically do a great deal of advertising in other countries to promote the nation's exports. For example, Chile's Trade Commission, ProChile, has commercial offices in 40 countries and a Web site.
Governments not only promote trade by encouraging exports but also can encourage imports that the nation does not or cannot produce. For example, the Japan External Trade Organization (JETRO) is a trade promotion agency of the Japanese government. The agency coaches small and medium-sized overseas businesses on the protocols of Japanese deal making, arranges meetings with suitable Japanese distributors and partners, and even assists in finding temporary office spaces.
For all companies, and particularly small ones with fewer resources, learning the government regulations in other countries is a daunting task. A company must know whether its product is subject to a tariff or quota, for instance. Fortunately, it is now possible to get answers to many such questions through the Internet.

Answer to Question 2

FALSE