Role of Government Agencies

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Role of Government Agencies

Let’s learn more about Role of Government Agencies. An export promotion agency or unit can play an important role in helping firms looking to export and increasing trade. Usually, these organisations are part of a larger government agency or state-controlled and can use a wide array of tools to facilitate trade. The services they usually offer are 1) country image building through advertising, promotional events, and advocacy, 2) export support services such as exporter training and information on trade finance, logistics, and customs, 3) marketing through trade fairs or exporter and importer missions, and 4) market research and publications. In terms of lowering the costs of matching local firms with foreign buyers, export promotion agencies can work to reduce general frictions across the entire industry or support individual firms directly. Different Roles are given to different Agencies, some of the agencies are given below.

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