Benefits of Export Incentives

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The Reserve Bank of India, the country’s central bank, implements financial incentives related to exports. Additionally, the Directorate General of Export Promotion (DGEP) handles all export refund-related issues, handles policy matters associated with the export promotion scheme, and advises changes or revisions related to customs-related processes and policies.

It is important to know that the World Trade Organisation (WTO) handles any dispute among countries over the level of government involvement or any policy in foreign trade.

As a rule, the WTO can prohibit government incentives except those put into nepal phone number list practice by least-developed countries. Therefore, all government incentives must be in regulation with the WTO, as they keep a check on legal and ethical world trade practices.


A country’s success depends on its manufacturers. If it gets various government export incentives to produce those goods that can be exported to foreign markets, economic growth can be ensured.

Export incentives not only help the exporters reduce prices but also benefit the country by increasing exports and boosting the economy. Here are some of the export incentive benefits that an exporter can avail of:

Foreign Exchange: Exports bring in foreign currency. An increase in the export sector can significantly attract foreign direct investment (FDI).
Every country must maintain a foreign exchange reserve to facilitate international trade transactions, pay debt, or pay for imports. By providing export incentives, governments encourage businesses to increase exports, which helps the country improve its foreign reserves and meet all its foreign obligations and liabilities.