⟩ What are the major problems faced by developing countries in promoting their exports? Suggest some solutions to these problems?
1.Unpopular brand name
2.Vast exporting rules and
procedures
3.Currency fluctuation
4.Payment modes
5.Poor logistics.
6. Huge competition from China and African
countries. U can give some example for this, logistics
expense for exporting fresh vegetables and fruits from
India to other countries is 60% higher than our competing
countries like Kenya, Pak etc. Payment modes are heavily
unsafe (Except Letter of credit and Advance). Dispute
solving is one of the other major problem. Port activities:
Our port efficiency is 70% lesse than developed.
