ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Through the Export Market Development Grant, the Australian Government offers up to a 50% reimbursement on promotion-related expenses of exports-be they products, services, or even simply intellectual property.

Detailed explanation-2: -Export subsidy is a government policy to encourage export of goods and discourage sale of goods on the domestic market through direct payments, low-cost loans, tax relief for exporters, or government-financed international advertising.

Detailed explanation-3: -Examples of export subsidies include regulatory changes to incentivize certain companies to export more, direct payments to companies to cover the difference between the local price and world price, changes in taxes, and low-cost loans.

Detailed explanation-4: -Export subsidies refer to the granting of support by governments to some beneficiary entity or entities to achieve export objectives. Export subsidiesmay involve direct payments to a firm, industry, producers of a certain agricultural product etc. to achieve some type of export performance.