which of the following functions is not performed by the export promption council

Commerce

WAEC 2018

A. prevention of importation of harmful goods
B. provision of credit facilities to exporters
C. provision of technical advice to exporters
D. creation of export free zones

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Correct Answer: Option B

Explanation

The following are the functions of the export promotion council

To promote the development and diversification of Nigeria’s export trade.
To assist in promoting the development of export related industries in Nigeria.
To spearhead the creation of appropriate export incentives and
To actively articulate and to promote the implementation of export policies and programmes of the Nigerian Government.
To co-ordinate and monitor export promotion activities in Nigeria.
To collect and disseminate information on products available for export.
To collect and disseminate to local manufacturers and exporters information on foreign markets.
To Provide technical assistance to local exporters in such areas as export procedures and documentation, transportation, financing, marketing techniques, quality control, export packaging, costing and pricing, publicity and in other similar areas.
To maintain adequate and effective representation in other countries.
To provide, directly or jointly, with training institutions, training for its staff and assist with the manpower development of the export community in Nigeria.
To organize and plan the participation of Nigeria in trade fairs and exhibitions.
To administer grants and other benefits related to export promotion and development.
To undertake studies of the current economic conditions, with special attention to the export sector with the aim of advising government on necessary policies and measures.
To establish specific trade promotion facilities in Nigeria and in other countries including the establishment of permanent showrooms at important commercial centers in other countries.
To engage in export promotion publicity
To pursue the simplification and streamline of export procedures and documentation on continuous basis.
To assist in finding appropriate solutions to practical problems encountered by exporters in the process of exportation.
To plan and organize outward trade missions and provide support from Nigeria.
To perform such other functions as maybe conducive to the achievement of the objective of the Export Decrees.