Export Promotion Council

International Trade: This involves the sale of a country’s goods and services to other nations, encompassing both tangible products and services rendered abroad. Nigeria engages in export activities with products such as cocoa, crude oil, rubber, and cassava. Export transactions can be categorized as visible (tangible goods) and invisible (services provided).   Re-Export: This refers […]

International Trade:

This involves the sale of a country’s goods and services to other nations, encompassing both tangible products and services rendered abroad. Nigeria engages in export activities with products such as cocoa, crude oil, rubber, and cassava. Export transactions can be categorized as visible (tangible goods) and invisible (services provided).

 

Re-Export:

This refers to the process of exporting goods that were initially imported from other countries. In essence, it involves the re-exportation of items that were brought into a country but are subsequently sent to other nations.

 

Roles of the Nigeria Export Promotion Council (NEPC):

  1. Export Funding: NEPC facilitates financial support for exports, including insurance and credit guarantee schemes.
  2. Export Development Activities: The council implements measures to enhance both the quantity and quality of goods earmarked for export.
  3. Provision of Trade Information: NEPC disseminates information through trade journals and export directives, keeping stakeholders informed.
  4. Training Initiatives: NEPC conducts seminars and workshops on export management, catering to individuals involved in international trade.
  5. Publicity Function: The council generates and issues publications containing information about its activities, ensuring transparency and awareness.
  6. Export Marketing Activities: NEPC provides information on Nigeria’s exports in the international market, offering insights on how to enhance marketability.
  7. Export Document Preparation: NEPC assists in the preparation of export-related documents, streamlining the export process.

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