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Trade facilitation has become a vital issue for developed and developing nations across the world. The issue is so important that it was discussed in various rounds of WTO proceedings. Globally, export promotion is seen as an important strategy for economic growth. Export promotion consists of activities that assist in greater acceptability and marketability of the export items. Nowadays, every country is emphasizing export promotion, to increase its volume of ...
Global economy in the 20th century witnessed the gradual liberalization of trade and capital flows. This was followed by a deeper version of globalization, mainly attributed to technological changes and politico-economic liberalization creating a world, that is more unified than ever before. Globalization is one of the biggest challenges facing world markets today. It is to be seen as both a challenge and an opportunity, since it means the opening up of world ...